AI Health Startup Cloudphysician Raises $10.5 Million in Series A Funding
Cloudphysician, an artificial intelligence (AI) health startup, announced that it successfully raised $10.5 million in a Series A funding round. The funding was led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak.
The newly secured funds are earmarked to fuel the company’s expansion efforts within India and into multiple emerging and established markets, including the United States. Additionally, Cloudphysician intends to further develop its innovative AI platform, RADAR, focusing on enhancing its co-pilot features through data utilization.
Co-Founders Dr. Dhruv Joshi and Dr. Dileep Raman expressed their vision for the future, stating, "We aim to scale our business and continue transforming critical care delivery in India and global markets. We remain committed to leveraging AI and advanced technology to ensure high-quality care is accessible to all, regardless of location".
Cloudphysician operates as a full-stack AI and operations company, collaborating closely with hospitals to manage patients within their ICU and Emergency departments. The company’s unique approach has garnered significant attention, with Mohit Bhatnagar, Managing Director at Peak XV, remarking, "They are building an India-first business which has the opportunity to become the world’s first independent, scaled-up business in this space".
Founded in 2017, Cloudphysician has swiftly expanded its footprint, now partnering with over 200 hospitals across 23 states in India, and providing care to more than 1 lakh patients.