Healthtech AI startup Endimension Technology has recently raised INR 6 Crore in Pre-Series A round led by Inflection Point Ventures.
The funds will be used to fuel AI research and development, team expansion, and software enhancement. These strategic investments aim to bolster Endimension’s market position, accelerate growth, and establish Endimension as an industry leader.
Other investors in this round include Sucseed Indovation, SINE IIT Bombay and individual angel investors. Endimension Technology, incubated at IIT Bombay, is driven by the vision to harness AI technology in radiology, ensuring early and precise diagnosis for patients globally.
“The Indian radio-diagnosis market, growing at a CAGR of 15%+ over the last decade, has got a lot of focus on equipment & infrastructure. The under-stated need is that of qualified professionals, i.e. radiologists, to manage this burgeoning demand. There has been growth across tier 1, 2 & 3 for equipment, but the availability and prohibitive costs of trained radiologists exacerbate the problem of demand outstripping supply situation.
“Endimension focuses on leveraging AI to facilitate faster assessment and diagnosis, employing generative AI to streamline report generation and reduce the time required by radiologists. IPV is confident that this investment will contribute towards the betterment of the industry,” Ivy Chin, Partner, Inflection Point Ventures said.
So far, Endimension’s platform has processed over 1 million scans to date and is currently deployed in 400 hospitals and diagnostic centres across multiple regions, enhancing their accessibility.
Endimension has added several feathers to its cap over the years. The startup was one of the 20 startups selected by Google for Startup Accelerator Class 8 and one of the top 10 startups at the WhatsApp Incubator Programme.
