Pune-based health-tech company Rises Ai, today announced that it has raised seed funding led by Angel Investors from Kuwait and USA.
Rises Analytics Solutions is an AI (artificial intelligence) and Blockchain integrated health tech start-up that focused on healthcare-oriented solutions. Rises has developed medical treatment response assessment modules and AI solutions for Cancer, TB, COVID-19, and other pulmonary conditions. Rises’ algorithm analyses medical data like X-Ray, CT, MRI, and EMR.
GetFive Corporate Advisors LLP, an Ahmedabad-based boutique Investment Banking and M&A Transaction Advisory firm helped Rises Analytics Solutions Pvt. Ltd. to secure the seed funding from the Angel Investors.
“The funds from the seed round will be used for product enhancement, enhancing the technical team, and improving market outreach,” the startup said.
Commenting on the announcement, Ajit Despande, Managing Director, Rises Ai said, “We approached GetFive team for raising of our seed capital and they helped us not only in raising the funds but the kind of guidance that we received in fine-tuning our business model and improving our customer outreach roadmap was the real icing on the cake. The GetFive team worked as strategic partners with us rather than advisors.”
“It was a pleasure working with Ajit Deshpande and his team. What they are bringing to market within AI solutions to the Medical Imaging segment is revolutionary and we are convinced of the concept and the value it will bring. Our due diligence corroborated the same. I feel it was this conviction and Ajit Deshpande’s passion that was the fuel behind completing this project in record 3 months”, Shrikant Goyal, Founding Member, and Managing Partner, GetFive Corporate Advisors LLP said.