Bengaluru-based healthcare analytics startup Tricog recently announced that it has raised $10.5mn in Series B funding round from UTEC – University of Tokyo Edge Capital, Aflac Ventures, TeamFund US and Dream Incubator Japan. The funding round also saw participation from existing investors like Inventus Capital and Blume Ventures.
Talking about the investment, Noriaki Sakamoto, Partner and Board Director, UTEC, said, “As the lead investors of their Series A round in 2018, we were especially impressed with their scientific rigor, exemplary leadership, revenue prospects and commitment to saving lives. We are now proud to lead their Series B as well, and supplement Tricog with Japanese medical device partnerships and R&D collaborations.”
Founded in 2015 by cardiologist Charit Bhograj and four others, Tricog has so far raised $17.5mn in funding. The company is best known for its cloud-connected ECG devices. The company provides virtual cardiology services to remote clinics, powered by artificial intelligence and medical experts.
Commenting on the recent fund infusion, Tricog co-founder and chief executive officer Charit Bhograj said, “Through this round of investment, we reinforce our commitment to strengthen our AI-powered platform for faster diagnosis, expand our product line and establish a strong presence in Africa and Asia, including India, China and Japan.”
The startup now has a presence in more than 12 countries in Southeast Asia and Africa, with 3 million patients using its platform. Tricog’s Insta ECG platform has been deployed in over 2,500 hospitals, clinics, and diagnostic centers to help identify and manage patients with critical cardiac diseases. Both private and government healthcare networks use the ECG platform.
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