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Lightspeed may lead $50-60 million round in healthcare company Qure AI
Economic Times
·
10m ago
Medial
Venture fund Lightspeed is reportedly leading a $50-60 million deal with Qure.ai, an AI-based diagnostic imaging company. This would be Lightspeed's third major investment from its growth fund. The funding round is expected to include a secondary share sale and is set to be finalized within the month. Qure.ai provides AI services in areas such as chest X-ray reporting, TB care, lung nodule management, and heart failure. Lightspeed has been actively pursuing investment opportunities and has backed companies like Razorpay, Udaan, and Acko. Qure.ai reported revenue of INR 91.3 crore in fiscal year 2023.
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Qure.ai Eyes Up To $60 Mn Funding To Push Its Radiology Diagnosis Play
Inc42
·
10m ago
Medial
Mumbai-based medtech startup Qure.ai is planning to raise $50-60 million in a funding round led by Lightspeed. The round is expected to include a secondary deal along with primary capital from existing investors. Lightspeed is looking to invest $20-25 million and may also purchase some secondary shares.
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Healthcare startup Abridge raises $250 million to enhance AI capabilities
Economic Times
·
5m ago
Medial
Abridge, a healthcare startup that automates clinical notes with AI, raised $250 million in a funding round co-led by Elad Gil and IVP. Backers included Lightspeed Venture Partners and Nvidia’s NVentures. Founded in 2018 and valued at $850 million last year, Abridge aims to enhance AI capabilities and expand commercially. The company's products are deployed in around 100 U.S. healthcare systems. AI startups now capture nearly half of U.S. startup funding, up from under 10% a decade ago.
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Khosla Ventures leads Even Healthcare's $30 mn funding round
VCCircle
·
9m ago
Medial
Bengaluru-based healthcare company Even Healthcare has secured $30 million in a Series A funding round led by Khosla Ventures. The funding will be used to support the company's hospital operations and scale patient care processes. Even Healthcare plans to open three secondary-care hospitals in Bengaluru. The company offers free consultations, diagnostic tests, and cashless hospitalization through its in-house clinics. This latest funding round brings Even Healthcare's total funding raised to $50 million. Founded in 2020, the company aims to simplify healthcare in India and improve patient experiences.
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Healthcare startup Abridge raises $150 mln for AI model for clinicians
Reuters
·
1y ago
Medial
Abridge, an AI-powered clinical documentation startup, has secured $150 million in a Series C funding round led by Lightspeed Venture Partners and Redpoint Ventures. This investment comes just four months after the company's previous funding round, and values Abridge at around $850 million. Abridge automates clinical notes and medical conversations for doctors and works with thousands of clinicians through partnerships with hospitals. The funding will be used for hiring and acquiring purpose-built medical AI models. Abridge's success reflects the growing demand for industry-specific AI models in areas such as healthcare.
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Pixxel bags additional $24 million funding from M&G catalyst
Inshorts
·
7m ago
Medial
Pixxel has secured an additional $24 million (₹203 crore) in its Series B funding round. This latest investment boosts Pixxel's total Series B funding to $60 million. The round saw participation from new investors, including M&G Catalyst and Glade Brook Capital Partners, who joined existing backers Google, Radical Ventures, Lightspeed and others in the cap table.
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Corti, an AI 'co-pilot' for healthcare clinicians, raises $60M
TechCrunch
·
1y ago
Medial
Copenhagen-based startup Corti has raised $60 million in a Series B funding round led by Prosus Ventures and Atomico. Corti's AI assistant supports healthcare clinicians in real time by providing patient assessments. The company claims that its tools can improve accuracy by up to 40% in outcome predictions and increase administrative task efficiency by 90%. Corti has been used in 100 million patient interactions annually and works with various emergency services, hospitals, and medical services. The funding will be used to expand Corti's contribution to healthcare.
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upGrad Cofounder Mayank Kumar Steps Down To Float New Venture
Inc42
·
9m ago
Medial
Mayank Kumar, cofounder and managing director, is seeking investment for his startup that helps place skilled Indian labour overseas, particularly in the healthcare sector. Ronnie Screwvala, cofounder and chairman, will be more involved in running the company after Kumar's departure. upGrad is also securing funding of $50-60 million from its current investors, valuing the company at $2.25 billion.
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Prosus in talks to lead new funding in fintech Jar; ups ante in new deal-making
Economic Times
·
8m ago
Medial
Dutch investment firm Prosus is reportedly in advanced talks to lead a new funding round for fintech company Jar. This would be Prosus' third major investment in the Indian fintech sector, following investments in Mintifi and Vastu Housing Finance. Jar helps consumers save small amounts to invest in digital gold and has previously raised $61 million. The funding round, which aims to raise around $50 million, is still in the due diligence stage and other investors may join. Prosus has been increasing its investment activity in India despite the setback with its investment in Byju's.
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Saas firm Innovaccer closes $275 million funding to build more on AI, cloud
Economic Times
·
7m ago
Medial
Innovaccer Inc., a healthcare SaaS firm, secured $275 million in funding to enhance AI and cloud capabilities and expand its platform. Major investors, including B Capital Group and Kaiser Permanente, participated in this round, valuing the company at $3.2 billion. Innovaccer aims to introduce new solutions like clinical decision support and care management. Founded in 2014, the firm has achieved 50% annual revenue growth and works with over 130 healthcare organizations, including top US health systems.
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Udaan in talks to raise new round, valuation may drop significantly
Entrackr
·
1y ago
Medial
Udaan, a B2B e-commerce firm, is reportedly in discussions to raise $200-250 million in an internal funding round led by Lightspeed and other internal investors. This equity round follows a 30-month gap, during which Udaan mainly raised funds through debt and convertible notes. The Bengaluru-based company, previously valued at over $3 billion, may undergo a valuation haircut and could be valued between $1 billion to $1.5 billion. Udaan saw significant growth in revenue but also incurred substantial losses in FY22. Both Udaan and Lightspeed denied the details reported.
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