Pune-based health tech startup Rises.ai had gained an undisclosed seed fund amount from angel investors from the USA and Kuwait.
Founded by Ajit Deshpande and Dr Narayana Darapaneni in 2017, Rises.ai or Rises Analytics Solutions has AI-led medical treatment response solutions for cancer, Covid, TB and for other pulmonary diseases. They have a B2B SaaS model. Their clientele includes multiple healthcare centres in the field of life sciences, pharmacies, diagnostics and hospital chains. Their health analytics leverages the use of ML, AI, blockchain and Cloud technologies.
Its algorithm is equipped to analyse data like the X-Ray, MRI, CT scans and EMR. This clinical decision support software works as an AI assistant to healthcare providers. They offer Risk Advanced Analytics, Transaction Analytics and Fraud Detection. GetFive Corporate Advisors helped Rises.ai get this seed fund amount from angel investors. GetFive is an Ahmedabad-based investment banking and transaction advisory company.
The funds will be used to enhance their product and grow their market, especially in the USA market. With the help of angel investors, the startup will plan to get onboard large hospitals and diagnostic centres in the States. Along with increasing its footprint, the venture will also focus on enhancing its market outreach and adding members to its technical team.