India's SigTuple gets $16m Series C

Accel Partners and Chiratae Ventures, which led a $19 million Series B last year, also participated, as did Pi Ventures, a domestic VC dedicated to AI, and venture debt provider Trifecta Capital. 

They were joined by Flipkart co-founder Binny Bansal, who has been appointed to the SigTuple board. “SigTuple transcends the space of tech-enabled healthcare," Bansal said, according to Livemint. “It is creating the technology ground up for making healthcare affordable and accessible.”

Founded in 2015, SigTuple provides AI technology for the automation of medical diagnostics for common diseases. Its key product, known as AI 100, works by scanning a slide containing a fluid sample and uploading it to a cloud where it is compared to a database to find abnormalities.

SigTuple has more than 30 devices for blood analysis and hopes to add systems for urine and semen within the year. It has recently applied for certification by the US Food & Drug Administration and the European Economic Area.

The company has raised $41 million to date, including a $6 million Series A led by Accel in 2017. Other investors include Axilor Ventures, Venture Highway, NetApp Accelerator Bangalore, Endiya Partners, and Microsoft Accelerator Bangalore.

Trusted Insight claims to be the world’s largest network of institutional investors, including endowments, foundations, pensions, insurance companies, sovereign wealth funds, family offices, corporations, and healthcare systems. The platform is said to encompass 140,000 members and some $18 trillion in assets under management.

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• Topics
• South Asia
• Healthcare
• Technology
• Expansion
• India
• Accel Partners
• IDG Ventures
• artificial intelligence