Dozee, a firm that provides contactless remote patient monitoring and AI-based early warning systems, has raised USD 6 million in Series A2 funding. State Bank of India, J&A Partners Family Office, and Dinesh Mody Ventures were among the new and current investors who contributed to the investment.
Bengaluru-based Dozee intends to use the funds to expand in the Indian market, investigate worldwide markets, and invest in R&D. Dozee's main product, the Contactless Vital Signs Measurement system, just got 510(k) clearance from the US FDA, demonstrating that it meets global standards for medical devices and algorithms.
Dozee is already present in over 380 hospitals across 50 districts. It recently teamed with British International Investment, a development finance organisation and impact investor based in the United Kingdom, to connect its technology to around 6,000 hospital beds in approximately 140 public hospitals across India and other locations.
Dozee's technology allows healthcare staff to remotely monitor patients' vital data and track trends using its early warning system, allowing for prompt medical action. It embeds sensors beneath the mattress to detect minuscule vibrations caused by every heartbeat, respiration cycle, tremor, seizure, and posture shift, all without making any touch.
Dozee is a patient monitoring technology company founded in 2015 by IIT grads Mudit Dandwate and Gaurav Parchani. It claims to save over 2.5 hours of nursing time each patient per day.