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Cloudphysician Raises $10.5M in Series A to Revolutionize Global Critical Care with AI

The image features a promotional banner for Cloudphysician, an AI healthcare company. On the left side of the banner, there's a graphic of a doctor wearing a lab coat with a stethoscope, symbolizing healthcare. The center and right sections of the image display a large, bold logo of Cloudphysician against a blue background with light blue wave patterns. On the right, there are photos of two smiling men, Dr. Dhruv Joshi and Dr. Dileep Raman, the co-founders, wearing blue polo shirts with the Cloudphysician logo, representing the leadership behind the company. The overall design conveys a professional and innovative healthcare service.
By
Anurag Trivedi

Bengaluru's AI healthcare company, Cloudphysician, has successfully secured $10.5 million in a Series A investment round. The funding, led by Peak XV Partners with contributions from Elevar Equity and venture debt provider Panthera Peak, will propel the startup's mission to transform critical care using advanced technology.

Co-founders Dr. Dhruv Joshi and Dr. Dileep Raman expressed enthusiasm about their collaboration with Peak XV Partners and ongoing partnership with Elevar Equity. They highlighted Cloudphysician's role in merging AI with clinical expertise to revolutionize patient care globally. The newly acquired funds will be utilized to expand operations in India, penetrate new markets like the US, and further develop their AI-driven platform, RADAR, which enhances support for healthcare professionals.

Founded in 2017, Cloudphysician offers a comprehensive solution that integrates AI with healthcare operations. The company collaborates with hospitals to oversee patient care in intensive care units (ICUs) and emergency departments. Currently, Cloudphysician manages around 2,400 ICU beds across 230 hospitals in nearly 100 cities throughout India.

The startup addresses the critical shortage of ICU resources in India by bridging the gap between patient needs and the availability of expert care and facilities. Its digital Care Center platform utilizes AI to optimize ICU operations in over 200 hospitals, enabling specialized care and continuous monitoring.

Mohit Bhatnagar, Managing Director at Peak XV, emphasized the significant impact of Cloudphysician’s technology in treating severe conditions like cancer and heart disease within their Smart-ICUs. He noted the platform's ability to reduce ICU mortality rates by up to 40%, underscoring the potential for Cloudphysician to lead globally in this sector.

Looking forward, Cloudphysician aims to capture a 10% share of India's extensive hospital market, which includes over 50,000 facilities, and plans for further expansion into the United States, the Middle East, and Southeast Asia.