Dozee Raises Rs 44 Cr Series A Investment Led By Prime VP, Others
- ByAyushi Ray | July 22, 2021
Health tech Startup Dozee raises Rs 44 Cr Series A investment led by Prime VP, others. The round also included participation from YourNest Venture Capital and 3one4 Capital. The funding will be used towards R&D to launch new products and enhance its platform capabilities. Dozee will utilise the funding to increase HDU ward monitoring, home monitoring, and to deliver a cloud-enabled continuum of care. The company stated that it has set an audacious goal of partnering with over 1,000 hospitals across India to help them upgrade critical care infrastructure through remote patient monitoring. Dozee also plans to install its platform in more than 50,000 step-down ICUs and set up 24×7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the critical HDUs and ICUs, and save more than one million nursing hours per month.
Mudit Dandwate, CEO and Co-founder, Dozee said, “During the pandemic, India was left with a shortage of key resources like doctors, nurses, and ICU facilities. Under these circumstances, our technology transformed critical care by converting regular hospital beds into step-down ICU in less than two minutes at a fraction of a cost, saving nursing hours and providing AI powered alerts.” He added that Dozee is witnessing an increased adoption of its Remote Patient Monitoring solution, with over 216 hospitals across India partnering with the startup in the last six months. It has deployed its platform to over 5,000 beds in hospitals to monitor patients continuously, and to help them enhance patient care and clinical outcomes. Dozee has monitored more than 32,000 patients, helping save thousands of lives by early identification of risk and health deterioration. The platform offers remote monitoring capabilities of key vitals like heart rate, respiration rate, oxygen saturation, and blood pressure, along with an AI-powered early warning system.
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