AI health startup Cloudphysician raises $10.5 M funding led by Peak XV Partners

Funds will be deployed towards enhancing their proprietary AI platform- RADAR

Bengaluru-based AI health startup, Cloudphysician, has raised $10.5 million in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak.

Cloudphysician is a full-stack artificial intelligence (AI) and operations company that partners with hospitals to manage patients in their ICU and Emergency departments. Its seamlessly integrated tech, world-class treatment protocols, and best-in-class medical teams improve patient outcomes. 

The fresh capital infusion will be used to propel Cloudphysician’s growth and operations within India and expand into multiple emerging markets and established markets such as the US.

Additionally, the funds will be used to further enhance its innovative AI platform, RADAR, to improve its co-pilot features using data. With this latest funding, Cloudphysician is well-equipped to lead the charge in revolutionising the delivery of critical care, ensuring that high-quality care is acessible, scalable, and cost-effective for hospitals everywhere. 

Dr Dhruv Joshi and Dr Dileep Raman, both intensivists trained in the US, founded Cloudphysician in 2017 to ensure delivery of high-quality critical care to all. Cloudphysician has now extended its partnership to over 200 hospitals across 23 states in the country, caring for over 1 lakh patients. 

Published on : 26th June, 2024