Thursday, April 22, 2021
  • About
  • Advertise
  • Careers
Scoftware Magazine
  • Home
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Entertainment
  • Login
No Result
View All Result
Scoftware Magazine
Home Business

Indian health-tech platform 5C Network bags $1.2 million in pre-Series A funding from investors

Jaleel M. by Jaleel M.
December 10, 2020
in Business
0
Indian health-tech platform 5C Network bags $1.2 million in pre-Series A funding from investors
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


The company plans to use the raised funds in the expansion of its client base to more hospitals and diagnostic centres.

Related posts

Sensex tumbles over 500 points in early trade; index majors HDFC Bank, HUL track losses-Business News , Firstpost”

Sensex tumbles over 500 points in early trade; index majors HDFC Bank, HUL track losses-Business News , Firstpost”

April 22, 2021
Net profit rises 14.9% to ₹9,246 crore; revenue at ₹43,705 crore-Business News , Firstpost”

Net profit rises 14.9% to ₹9,246 crore; revenue at ₹43,705 crore-Business News , Firstpost”

April 21, 2021

Bengaluru based digital Radiology platform 5C Network (India) Private Limited has raised $1.2 million (Rs 8.84 crore) in its pre-Series A funding round from existing investors Unitus Ventures and Axilor Ventures. With the current round, the startup has raised Rs 13 crore in funding to date. 5C Network, which was founded by Kalyan Sivasailam and Syed Ahmed, allows hospitals and diagnostics centres to upload scans to the cloud where automated data extraction and analysis is done by its proprietary algorithm.

The startup says it has partnered with over 600 hospitals and diagnostic centres across 27 states in India. These hospitals and diagnostics centres send more than 100,000 cases a month to the company for diagnosis. In the next one year, 5C Network aims to expand its client base to over 2,500 hospitals and diagnostic centres. In the past six months, the company said it recorded about 3,300 scans per day amid the coronavirus pandemic.

Through the use of its platform and artificial intelligence (AI) algorithms, the company claims that it reduces the turnaround time for a radiology report from the typical 48 hours to just 42 minutes while ensuring the highest degree of accuracy. This allows hospitals to significantly reduce their “door-to-needle” time, especially for critical cases, making sure that patients receive life-saving intervention faster, it claims.

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.



Source link

Previous Post

Artificial Intelligence platform Mihup raises $1.5 million in Series A funding round led by Accel

Next Post

Tatas reject Shapoorji Pallonji Group’s share-swap separation proposal, call it ‘nonsense’

Next Post
Tatas reject Shapoorji Pallonji Group’s share-swap separation proposal, call it ‘nonsense’

Tatas reject Shapoorji Pallonji Group's share-swap separation proposal, call it 'nonsense'

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

TikTok will no longer access user clipboards after iOS 14 beta exposes apps

TikTok will no longer access user clipboards after iOS 14 beta exposes apps

10 months ago
DEREK SHERINIAN launches ‘Empyrean Sky’, first track taken from new album ‘The Phoenix’

DEREK SHERINIAN launches ‘Empyrean Sky’, first track taken from new album ‘The Phoenix’

9 months ago
Sensex gains over 200 points in early trade; Nifty nears 14,800

Sensex gains over 200 points in early trade; Nifty nears 14,800

2 months ago
New swine flu with pandemic potential found in China: Study, United States News & Top Stories

New swine flu with pandemic potential found in China: Study, United States News & Top Stories

10 months ago

FOLLOW US

  • 85 Followers
  • 29.5k Followers
  • 113k Subscribers

BROWSE BY CATEGORIES

  • Business
  • Culture
  • Entertainment
  • Lifestyle
  • Music
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Tech
  • Travel
  • World News

BROWSE BY TOPICS

2018 League Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan Istana Negara Market Stories National Exam Visit Bali

POPULAR NEWS

  • Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    Kris Jenner Spills Details About Her Sex Life With Corey Gamble: Watch

    0 shares
    Share 0 Tweet 0
  • Common Saints Release New Single “Idol Eyes”

    0 shares
    Share 0 Tweet 0
  • Sam Heughan & Graham McTavish Are Men in Kilts for Travel Show

    0 shares
    Share 0 Tweet 0
  • KRISTIN LASH & JAKOB GREY Team Up On “Sleeping With The Lights On”

    0 shares
    Share 0 Tweet 0
  • SEVENTEEN REVEALS PROMOTION SCHEDULE FOR ; SEMICOLON

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers

© 2020 Scoftware.com

No Result
View All Result
  • Home
  • Politics
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 Scoftware.com

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Terms and Conditions - Privacy Policy