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Andrew Ng’s fund invests in AI healthcare platform Jivi
Economic Times
·
10m ago
Medial
- AI Fund, led by computer scientist Andrew Ng, has made its first significant investment in India by investing in AI healthcare platform Jivi. - AI Fund has acquired a 20-30% stake in Jivi, the Gurgaon-based startup founded earlier this year. - Jivi's AI products include a health assistant for consumers and a copilot for doctors, aimed at making healthcare more accessible and personalized. - The platform is currently in beta testing with leading hospitals and is expected to be publicly available later this year. - Jivi aims to provide high-quality healthcare that is efficient, affordable, and accessible to everyone, regardless of location. - Andrew Ng's expertise and vision are expected to play a transformative role in shaping the future of global healthcare through Jivi.
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Ex-BharatPe CPO Ankur Jain Launches Healthcare-Focussed Startup Jivi AI
Inc42
·
1y ago
Medial
Former chief product officer of BharatPe, Ankur Jain, has launched a new AI-based startup called Jivi AI. The startup aims to leverage generative AI to improve healthcare outcomes for 8 billion people. Led by an interdisciplinary team of experts, Jivi AI is utilizing AI to transform healthcare. Jain, who co-founded and became CEO of Jivi AI, was previously with BharatPe for three and a half years before stepping down to launch his own AI-ML startup. The Indian GenAI market is growing rapidly, with projections of reaching over $17 billion by 2030.
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How Ex-BharatPe CPO’s AI Startup Is Set To Change The Face Of Indian Healthcare
Inc42
·
10m ago
Medial
Founded in December 2023, Jivi is an AI conversational platform that enables patients to diagnose their illnesses based on symptoms. Recently, Jivi launched its second language model, Jivi-RadX-v1, which assists radiologists in making quicker and more precise decisions. The platform will remain free for use even after the beta phase.
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Indian AI startup beats OpenAI, Google to become world’s number 1
Internet
·
1y ago
Medial
Indian startup JiviAI, founded by Ankur Jain and G V Sanjay Reddy, announced that their language-learning AI, Jivi MedX, outperformed Google and OpenAI in medical benchmarks with an average score of 91.65. The Gurugram-based company plans to launch Jivi MedX in August 2024. Co-founder Reddy expressed pride in making top-tier healthcare accessible globally. JiviAI was incorporated in January 2024.
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New Mountain Capital invests in Access Healthcare
VCCircle
·
7m ago
Medial
New Mountain Capital has invested in Access Healthcare, a technology platform providing revenue cycle management services to hospitals. This investment aims to fund Access Healthcare's growth, focusing on artificial intelligence, workflow automation, product development, and market expansion. The company, collaborating with major US healthcare organizations, processes over 400 million transactions annually. New Mountain Capital manages various funds with assets nearing $55 billion. Financial details of the investment were not disclosed.
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Doctors with knowledge of artificial intelligence will hold advantage: Andrew Elder
Economic Times
·
1y ago
Medial
The article discusses the advantage of doctors who have knowledge in artificial intelligence (AI). According to Andrew Elder, Global Medical Chair at IBM Watson Health, doctors with AI expertise will be able to leverage technology to improve patient outcomes and deliver more personalized and efficient healthcare. This highlights the growing importance of AI in the medical field and the need for healthcare professionals to acquire AI skills.
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NIIF invests ₹207 crore in Amicus Capital
Livemint
·
1y ago
Medial
India's National Investment and Infrastructure Fund Ltd (NIIF) has invested ₹207 crore ($25 million) in the second fund of growth capital fund Amicus Capital Partners. The investment comes from NIIF's Fund of Funds – I and highlights its support for fund managers with a strong investment strategy and team. NIIF's backing is expected to boost Amicus' fundraising efforts, with the second fund currently having raised $171 million. Amicus Capital invests in various sectors, including manufacturing, technology, healthcare, and financial services. NIIF manages over $4.9 billion of equity capital commitments across its funds.
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KKR invests in healthcare solutions firm Infinx, Norwest Venture also makes top-up
VCCircle
·
1y ago
Medial
KKR & Co has acquired a minority stake in Infinx Services, an AI-driven healthcare revenue cycle solutions provider, through its Asian Fund IV. The Mumbai-based company provides data-driven revenue cycle management solutions primarily for the US healthcare market. The investment from KKR will support Infinx's growth, expand its network, and aid potential acquisitions in the future. Norwest Venture Partners, an existing shareholder, also increased its investment in the company. Financial details of the deal, which was advised by Rothschild & Co, were not disclosed.
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NIIF invests Rs 207 crore in Amicus Capital; Know the details
IndianStartupNews
·
1y ago
Medial
The National Investment and Infrastructure Fund (NIIF) has invested Rs 207 crore (approx. $25 million) in Amicus Capital Fund II, which aims to support tech-driven companies in sectors like manufacturing, healthcare, and financial services. The investment comes from NIIF's Fund of Funds - I, as part of its Private Markets Business (PMF)-I initiative. This investment marks the allocation of capital commitments across eight complementary funds by PMF-I, benefiting sectors like climate, healthcare, and technology. Amicus Capital, having already invested in companies like RenewBuy and Capital Small Finance Bank, now gets closer to reaching its $200 million target.
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Tata Capital Healthcare Fund II invests $10M in Apex Kidney care
IndianStartupNews
·
1y ago
Medial
Tata Capital Healthcare Fund II (TCHF II) has invested $10 million in Apex Kidney Care (AKC), a Mumbai-based dialysis chain. The investment aims to address the gap in India's healthcare sector, particularly in the dialysis services. AKC plans to expand its operations across India using the funds. The investment aligns with TCHF II's investment philosophy of supporting companies that bridge gaps in healthcare and have a scalable operational model. TCHF II has invested nearly $200 million across two funds and focuses on the healthcare and life sciences sectors in India.
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HDFC AMC invests in Athera's Rs 900 Cr Fund
Entrackr
·
8m ago
Medial
Tech-focused venture capital fund Athera Venture Partners, previously known as Inventus India, has received investment from HDFC AMC'S Select AIF FoF I Scheme for its Fund IV which is scheduled to close in 2025. HDFC Fund of Funds will be a dominant LP in Athera's Rs 900 crore fund, which will invest in tech startups operating in consumer internet, enterprise software, AI, and other emerging technologies. Athera has invested in several startups, including Ati Motors (autonomous robotics), Terra (3D immersive gaming platform), ClickPost (logistics management software), Cyn:Lr (computer vision for robotics), Hyperbots (AI automation), and Billion Hearts (digital consumer products for a global audience). With these 6 investments, 30% of the portfolio is already constructed and the fund is already in the positive IRR territory. Over the next 18-24 months, Athera will invest in a dozen more such startups from its Fund IV. Overall, the VC firm has invested in over 40 companies so far, including category-defining ventures like redBus, PolicyBazaar, Pixxel, MoveinSync, Sokrati, FundsIndia, Euler Motors, BluArmor, Vunet, Healthifyme, Playshifu, Unbxd, and many more.
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