New age health tech startup, DeepTek has raised $10 million in its Series A funding round by Tata Capital Healthcare Fund, the healthcare-focused arm of Tata Capital Ltd. This marks Tata Capital Healthcare Fund's first digital healthcare bet. Tata Capital had previously taken up majority stakes in Chennai-based Linux Laboratories and invested in Atulaya Healthcare.
DeepTek is a radiology-based AI venture with cutting-edge medical imaging offerings and a successful track record of commercial adoption. The venture seeks to tackle the healthcare problems of accessibility and affordability with its radiology solutions. They claim that they have seen a 3x to 5x productivity growth with their solutions. Their offerings reach 5 lakh patients every year.
The venture was launched in 2017 by Ajit Patil and Amit Kharat along with a leadership team filled with Ashutosh Pathak (CTO, Ex Microsoft), Viraj Kulkarni (Chief Data Scientist) and Ritika Taki (Strategy and Planning). With the funds, DeepTek will scale up its global outreach and will secure regulatory approvals.
DeepTek had previously raised funding from an IT firm from Japan named NTT DATA, Japan’s radiology solutions venture - Nobori Ltd, Japan’s teleradiology venture - Doctor-Net Inc along with a few other institutional investors. They work with hospitals from India, Japan, Singapore Phillippines and other Asian countries.