While the amount remains undisclosed, the freshly infused capital will be used towards scaling up MedPrime’s Cilika product line and make it more profitable along with developing the AI component for MICALYS.
Healthtech startup MedPrime Technologies, which focuses on providing digital solutions to the microscopy segment of medical diagnostics, has raised a seed funding from Mumbai Angels Network and Social Alpha.
While the funding amount remains undisclosed as of now, MedPrime Technologies said it will be using the capital to scale up its Cilika product line and make it more profitable. In addition, the funds will also be utilised to develop the AI component for MICALYS. SINE IIT Bombay, RiSo Capital, Lavni Ventures, and Keiretsu Forum also participated in the round.
Nandini Mansinghka, Co-founder and CEO, Mumbai Angels Network said, “Healthtech has become one of the fastest-growing industries with the pandemic underscoring the significance of digital technologies in order to strengthen the infrastructure and manage the strain inflicted on the sector.”
“We believe that MedPrime Technologies is on the right path to redefining microscopy-based diagnostics in the country and this funding is a testimony to the stellar work MedPrime has been doing so far and will help them augment their products and expand the business.”