SigTuple Technologies Pvt Ltd that is a Medical technology startup has now secured $19 Million in the funding round of Series C for developing the new lines of business.
SigTuple stated that the round was led by the America based platform for the institutional investors Trusted Insight. The funding round also saw the participation from some of the existing investors which include the Chiratae Ventures, Accel Partners, Flipkart co-founder Binny Bansal, and Pi ventures.
The current round is also likely to become larger with a debt financing component, which the company is looking to close around a couple of months.
The new funds will be going to be used for the new business lines – Truelyser and Mirable Healthcare Pvt Ltd.
Mirable, which is a subsidiary of SigTuple was launched in 2018. The startup uses technologies like Artificial Intelligence for diagnostics. Humain diagnostics which is a consumer-facing brand of the Mirable, has as of now nine labs in the Bangalore.
On the other hand, Medyog offers the doorstep collection of urines and blood samples. Currently working on Chennai, and Bangalore, the unit hopes to expand to 20 more cities by the end of this year.
“Healthcare requires a new infrastructure powered by technology to make it accessible to everyone,” Alex Bangash, founder of Trusted Insights, said.
Picture Credits: SigTuple