Healthtech platform Cloudphysician raises $4 million from Elevar Equity
The company will use the funds to expand its global footprint and invest in strengthening its teams across verticals such as commercial, medical, technology and data science, it said in a statement.
Founded in 2017 by pulmonary and critical care specialist Dhruv Joshi and pulmonary, critical care medicine and sleep medicine specialist Dileep Raman, Cloudphysician is solving for unavailability of skilled critical care specialists in remote locations of the country as well as emerging markets. Hospitals that collaborate with Cloudphysician get access to its team of highly experienced intensive care experts and proprietary ICU management cloud platform, RADARTM, to manage critically ill patients remotely and in real-time.
“Access to quality critical care cannot be solved with just a digital platform or hiring an ICU consultant (or intensivist), rather, it needs a holistic solution combining both clinical expertise and technology tailored to the respective hospital environment,” Joshi said.
The Indian arm of Cloudphysician manages ICUs in over 40 hospitals in 15 states and has treated more than 30,000 critically ill patients since 2017.
“At Elevar, we look to back entrepreneurs building innovative distribution models that can dramatically expand the reach of essential products and services to the mass market,” said Sandeep Farias, founder and managing partner at Elevar Equity. “Cloudphysician’s tele-ICU services and proprietary tech solution make timely access to quality critical care a reality for people in Tier II and III cities, rural India and beyond.”
The Singapore and Bengaluru-based Cloudphysician started operations in 2017.
“To date, we have successfully equipped healthcare providers with advanced adult critical care support in not only multi-specialty hospitals but also medical and surgical focused single specialty hospitals spanning oncology, maternity, gastroenterology, nephrology and additional clinical disciplines, and will immediately expand to paediatric and neonatalogy critical care offerings,” Raman said.