Dozee, India’s first contactless Remote Patient Monitoring (RPM) & AI-based Early Warning System (EWS), has raised $6 million as part of its Series A2 funding. The round saw the infusion of funds from Dozee’s existing investor base consisting of Prime Venture Partners, 3one4 Capital, YourNest VC, and new investors which include State Bank of India, J&A Partners Family office, and Dinesh Mody Ventures. With this investment, Dozee plans to expand further in the Indian market and invest more in its differentiated R&D capabilities. In addition, the funding will provide a springboard for the company’s global expansion.
Leading with its vision of ‘Make in India, Made for the World’ – Dozee’s innovative technology aims to bridge the healthcare gaps in India and developing countries through its contactless Remote Patient Monitoring (RPM) and AI-based Early Warning System (EWS). Dozee enables healthcare workers to remotely monitor patients’ vital parameters such as heart rate, respiration rate, blood pressure, blood oxygen saturation levels, temperature, and ECG. Its Early Warning System (EWS) tracks the trends of vital parameters and provides alerts to healthcare providers for early detection of patients’ clinical deterioration, enabling timely medical intervention.
Earlier this year, Dozee partnered with British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, to upgrade 6,000 hospital beds in ~140 public hospitals across India and in other regions to transform the public healthcare landscape. With this fresh funding, Dozee plans to tap into more than 2,000 hospitals in over 100 districts in the next two years and provide easy accessibility to healthcare. Dozee’s innovative technology has proven to be vital during the COVID-19 pandemic and aims to pave the path for assured and easy accessibility to healthcare.