HomeArtificial IntelligenceHealthtech startup Rises Ai draws seed funding from Kuwait & US Based Angel Investors

Healthtech startup Rises Ai draws seed funding from Kuwait & US Based Angel Investors

Reader's Pick

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.

- Advertisement -

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.

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

Leveraging EdTech to create an Inclusive Education Model

It's not just the educationists who are thinking about education. Leaders in ev...

Google joins Progcap $40 million funding round

Progcap, a New Delhi-based fintech platform for small and mid-size businesses (...

Three Wheels United, Eqaro partners with Log9 Materials for affordable EV financing

Three Wheels United (TWU), a global fintech company for EV financing, has colla...