A fresh shot of funding will help Dozee take its product line to international markets and turn healthcare more accessible. #VoiceofHealthcare wishes the team all success.
Dozee - a startup in the Remote Health Management space - has raised Rs 71 crore as additional funding round.
The win has been led by leading ‘techie’ Gokul Rajaram, who is also Business Helper at Doordash and current board member in Pinterest and Coinbase. The round also witnesses participation from existing investors Prime Venture Partners, 3one4 Capital, YourNest and other angel investors. With this latest development, the total quantum of funds raised by the startup now stands at Rs 139 crore.
Dozee’s latest funding comes in the wake of strong response and adoption from hospitals for the startup’s products and solutions like Dozee Pro, which converts any bed into a step-down ICU at a fraction of the ‘market’ cost in both public and private settings. Indeed, Dozee Pro has been installed in over 6,000 beds in 300 hospitals covering 40 districts across India. The product marks an intelligent leap in patent care delivery and outcomes by helping monitor patients round the clock - remotely and uninterruptedly.
“Dozee is on a mission to revolutionise healthcare, using unique technology to make remote monitoring more scalable, economical and accessible. I’m excited to support Mudit, Gaurav and the Dozee team on their journey to transform healthcare and build a defining global health-tech company,” Gokul Rajaram said in a statement to the media.
With this fresh shot of funding, Dozee consolidates its leadership journey in turning critical care more accessible and available. And, in particular, in delivering connected high-dependency units (HDUs) with centralised patient monitoring. Hospitals are currently using Dozee’s platform to convert regular hospital bed into step-down ICU to continuously monitor a patient’s vitals (more than 100 times per hour) including heart rate, respiration rate, oxygen saturation, temperature, blood pressure and ECG. The AI-based Early Warning System notifies the critical care response teams of any abnormalities that may be detected before it becomes critical.
Funds will go into the development (R&D) and launch of new product lines, and in fuelling Dozee’s global expansion. It may be noted that company recently took a big step in that direction by notching up international regulatory certifications like IEC-60601 and ISO 27001.
“Dozee has seen incredible growth in the last couple of years, but we have just started our growth journey and there is a lot more to be done in the coming years. We are looking forward to exciting times as we take Remote Patient Monitoring to every nook and corner of the country,” Mudit Dandwate, CEO & cofounder, told the media.
Dozee aims to partner with over 1,000 hospitals across India to help them upgrade critical care infrastructure through remote patient monitoring. It plans to install more than 50,000 step-down ICU beds with its contactless sensor and set-up 24x7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the much-required HDUs and ICUs.
*This PR is published by VOH team.*
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