Dozee Raises INR 44 crore/USD 6 Million In Series A
It plans to install its platform in more than 50,000 step-down ICUs and set up 24x7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the critical HDUs and ICUs and save more than 1 million nursing hours per month.
Dozee, a pioneer in Contactless Remote Patient Monitoring (RPM) solutions, has raised INR 44 crore in Series A funding. The funding was led by existing investor Prime Venture Partners, with participation from YourNest Venture Capital and 3one4 Capital. The startup will use the fresh capital in R&D to launch new products and enhance its platform capabilities. It will also use the funds to increase its presence in HDU ward monitoring, home monitoring, and to deliver a cloud-enabled continuum of care. Dozee 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. It plans to install its platform in more than 50,000 step-down ICUs and set up 24x7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the critical HDUs and ICUs and save more than 1 million nursing hours per month.
Dozee’s 24x7 Central Monitoring Cell in hospitals enables healthcare staff to monitor multiple patients remotely who were previously monitored manually only every couple of hours. The Central Monitoring System helps save crucial nursing hours and, on average, Dozee saves around five hours of quality nursing time per patient. Custom alerts can be set for every patient, helping doctors optimize treatment plans, focus on deteriorating patients, and provide improved proactive care at scale.
Mudit Dandwate, CEO & Cofounder, Dozee notes, “As we continue our exciting journey to make Dozee the standard of critical care, this funding is a testament to our commitment to improve health care infrastructure in India. During the peak of the pandemic, we worked with top institutions in the country, both in public and private settings, to automate critical care delivery in high dependency units, saving over 70,000 nursing hours and more than 1,000 lives. We believe that the future of India’s healthcare lies in technologies such as Remote Patient Monitoring and AI which can ease the burden of hospitals and healthcare workers in delivering care that is timely, accessible, and affordable.”
The COVID-19 pandemic has brought to the fore both challenges and opportunities in the healthcare sector in India. According to experts and doctors, India will need an extra 500,000 ICU beds, 200,000 nurses, and 150,000 doctors in the next year alone. Dozee helps hospitals to increase the number of HDUs with centralized patient monitoring and make critical care more easily accessible and available, even in the remotest parts of the country. The hospital beds are equipped with Dozee’s contactless sensor platform that features an AI-powered triaging system that enables continuous (more than 100 times per hour) and accurate monitoring of a patient’s vitals, including heart rate, respiratory rate, and other clinical parameters like sleep apnea and myocardial performance metrics without coming in contact with the patient. Dozee even allows healthcare providers to remotely monitor patients’ vital signs, receive updates and deterioration alerts from home and other care settings outside the hospital. This model of continuum care delivery and monitoring is an innovation that Dozee will aim to scale out in partnership with leading Indian hospitals.
Dozee, the brainchild of IIT graduates Mudit Dandwate and Gaurav Parchani, has been developed after five years of deep research conducted in partnership with leading hospitals, notably NIMHANS, Sri Jayadeva Institute, and AIIMS Jodhpur. Including the current funding round, the startup has raised over INR 63 crore and has over 150 employees in Bengaluru, Hyderabad, Mumbai, Kolkata.
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