healthtech

Andrew Ng’s AI Fund Makes First Investment in Indian Startup Jivi

• ByStartupStory     |    October 8, 2024

Andrew Ng-led AI Fund has announced its first investment in an Indian startup, backing Jivi, an AI-based healthcare firm. Founded in 2024 by Ankur Jain, former Chief Product Officer at BharatPe, and GV Sanjay Reddy, Chairman of Reddy Ventures, Jivi aims to revolutionize healthcare through advanced artificial intelligence technology.

“AI is transforming healthcare, and Jivi takes an important step toward more equitable, precise, and personalized care. Ankur and team are at the forefront of this transformation and are developing accessible and intelligent tools. AI Fund is excited to advance this vision together with Jivi,” said Andrew Ng, Managing General Partner of AI Fund.

Jivi leverages AI to assist with medical diagnoses, suggest treatments, generate health reports, and handle administrative tasks. The platform provides patients with immediate responses to their health queries, creating personalized health reports that cover symptoms, potential health conditions, and treatment options based on millions of medical journals.

For healthcare professionals, Jivi streamlines the analysis of patient health data and automates routine tasks, significantly reducing administrative burdens. This allows physicians to dedicate more time to patient care.

“Our mission is to make healthcare more efficient, affordable, and accessible to everyone, regardless of location. Growing up in a family of doctors, I’ve seen firsthand how timely and accurate medical care can save lives. With the expertise and vision of Dr. Andrew Ng, we are confident that Jivi will play a transformative role in shaping the future of global healthcare, ensuring that high-quality care is a right, not a privilege,” said Ankur Jain, Co-Founder and CEO of Jivi.

The Gurugram-based startup has developed a medical Large Language Model (LLM) called Jivi MedX, which has outperformed OpenAI’s GPT-4 and Google’s Med-PaLM 2 across nine benchmarks. This breakthrough showcases Jivi’s commitment to advancing healthcare technology and improving patient outcomes.

According to a recent report by Nasscom-BCG, India’s artificial intelligence (AI) market is projected to grow approximately 35% each year, reaching an estimated $22 billion market by 2027. This growth indicates a strong future for AI-driven healthcare solutions, further validated by the investment from AI Fund.

Andrew Ng currently serves as the Managing General Partner at AI Fund and is also the Founder and CEO of Landing AI. He is the founder of DeepLearning.AI, the chairman and co-founder of Coursera, and an adjunct professor at Stanford University. Ng has authored or co-authored over 200 research papers in the fields of machine learning and robotics, playing a crucial role in advancing AI adoption at major tech companies, including serving as the founding lead of the Google Brain team and as Chief Scientist at Baidu.

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