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Dozee raised around $6M in a Series A round to conduct research and development to develop new products and improve the platform’s capabilities. Dozee’s Remote Patient Monitoring system is gaining traction, with over 216 hospitals in India partnering with the company in the last six months.
Dozee, a healthcare startup, has raised Rs.44 crore (approx. USD 6M) in a Series A funding round led by Prime Venture Partners. Other participants include YourNest Venture Capital and 3one4 Capital.
The money will go toward R&D to develop new products and improve the platform’s capabilities. Also, Dozee will expand its HDU (High Dependency Unit) ward monitoring, home monitoring and provide a cloud-based continuum of care.
The firm has set an ambitious aim of collaborating with over 1,000 hospitals throughout India to assist them in upgrading critical care infrastructure through remote patient monitoring. It also aims to put its technology in over 50,000 step-down ICUs and build up 24×7 Central Monitoring Cells in these hospitals, allowing them to swiftly supplement essential HDUs and ICUs while saving over one million nursing hours each month.
During the pandemic, India was left with a shortage of key resources like doctors, nurses, and ICU facilities. Under these circumstances, our technology transformed critical care by converting regular hospital beds into step-down ICU in less than two minutes at a fraction of a cost, saving nursing hours and providing AI-powered alerts.Mudit Dandwate, CEO and co-founder of Dozee
He also mentioned that Dozee’s Remote Patient Monitoring technology sees significant acceptance, with over 216 hospitals throughout India working with the business in the last six months. It has installed its platform in over 5,000 beds in hospitals to monitor patients continually and improve patient care and clinical results.
Investing in Dozee was both an opportunity and a responsibility! Rarely do you find a perfect blend of investing in an attractive technology business that can be truly transformative to people’s lives at scale.Sanjay Swamy, the founding managing partner at Prime Venture Partners