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#News(Startup) [ via IoTForIndiaGroup ]
Healthcare startup Niramai Health Analytix has raised $6 million in a Series A funding round led by Japanese venture capital firm Dream Incubator.
Earlier investors pi Ventures, Ankur Capital, Axilor Ventures, and Flipkart co-founder Binny Bansal also participated in the round. The firm will use the funds for scaling up its presence in India, hiring top talent and getting additional regulatory approvals for international expansion.Niramai has developed a patented technology called ‘Thermalytix’, which is a non-contact and non-invasive solution for early-stage breast cancer detection. The solution is clinically proven to be accurate for women of all age groups. Niramai’s low-cost, portable solution, which the company claimed is free from radiation, can be deployed not only at hospitals and diagnostic centres but rural camps as well.
“If institutionalised as a regular screening method, Thermalytix has the potential to save many lives not just from breast cancer deaths but eventually other diseases as well,” said Dr. Geetha Manjunath, CEO and CTO of Niramai.
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