Cloudphysician, a healthtech startup specializing in AI-powered critical care solutions, has secured $10.5 million in a Series A funding round led by Peak XV Partners. The round also saw participation from Elevar Equity and venture debt firm Panthera Peak. This investment follows a pre-Series A round of $4 million raised by Cloudphysician in 2021, with Elevar Equity as the lead investor.
Transforming Critical Care with AI
Founded in 2017 by Dhruv Joshi and Dileep Raman, Cloudphysician partners with hospitals to manage patients in intensive care units (ICUs) and emergency departments. Their full-stack AI platform, named “Radar,” acts as a co-pilot for doctors and nurses, providing 24/7 monitoring and specialized care. Currently, Cloudphysician manages approximately 2,400 ICU beds across 230 hospitals in about 100 cities across India.
Expanding Horizons
Cloudphysician’s ambitious goal is to capture 10% of the Indian market, which boasts over 50,000 hospitals. Beyond India, the company plans to expand its footprint in the United States, Middle East, and Southeast Asia. The recent funding will further enhance the capabilities of their AI platform and support their mission to improve critical care outcomes.
Reducing ICU Mortality Rates
Peak XV Managing Director Mohit Bhatnagar praised Cloudphysician’s digital Care Centre platform, emphasizing its use of AI to empower ICUs across 200-plus hospitals. Hospitals that have adopted Cloudphysician’s technology have witnessed up to a 40% reduction in ICU mortality rates.
Cloudphysician’s commitment to leveraging AI for critical care underscores the growing importance of technology in healthcare. As the startup continues to innovate, it aims to revolutionize patient outcomes and enhance medical professionals’ ability to provide timely, personalized care.
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