Hyderabad-based Naya Ventures has invested $1 Mn in a Seed round of Funding in Dallas-based healthtech startup DocSynk.
DocSynk is led by medical technology innovator Vaidyanatha Siva, the former director and executive of Parkland Hospital’s Center for Clinical Innovation and CTO of Infosys Ltd’s Life Sciences business unit. Siva is an alumnus of the Indian Institute of Technology, Madras.
DocSynk aims to find solutions for problems such as finding doctors, scheduling appointments, keeping on top of insurance, and complying with wellness and treatment plans. It is working to make everything much easier with a simple app. Its new machine learning platform uses data science to put people in control of their healthcare, driving productivity and reducing costs for employers, insurers, and doctors.
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“Dallas and North Texas are the perfect place to launch a healthcare startup. We have more than 8 Mn people, a diverse ecosystem of healthcare providers, multiple insurers, and large employers. The technical and professional talent pool is deep, operating costs are low, and we have world-class investors on tap. We are excited about the possibilities of solving both consumer and business-related challenges and look forward to sharing exciting news about several key partnerships in the coming weeks,” said Siva.
Although patient-focussed, the platform also benefits employers, healthcare providers (hospitals, physician groups, and ACOs), and insurers by reducing complexity and operating expense while increasing patient engagement.
“DocSynk’s mission of bringing transformation in patient engagement is sorely needed in US healthcare. Organisations of every size are looking for DocSynk’s innovative solutions,” said Dayakar Puskoor, managing director of Naya Ventures. “With DocSynk, healthcare providers, employers and employees can all benefit in a win-win partnership,” he added.
Naya Ventures basically invests in early-stage and growth equity in US-and-India based mobile technology and SaaS companies. It has earlier invested in startups such as HyperVerge, KeepTrax, Glympse, Boxfish and more.