Med tech co SigTuple raises Rs 38.6 cr to develop affordable disease screening solutions

BENGALURU: SigTuple, an artificial intelligence-based medical technology startup, has raised $5.8 million (Rs 38.6 crore approximately) led by Accel Partners along with institutional investors such as IDG Ventures India, VH Capital, Endiya Partners and Pi Ventures. Other prominent investors such as Amit Singhal, senior vice-president of engineering at Uber, Kris Gopalakrishnan and SD Shibulal (Axilor Ventures) have also joined them. Flipkart cofounders Sachin Bansal and Binny Bansal, who along with Accel led a seed round of $740,000 in October 2015, have also invested again. SigTuple will use the latest round of funding to expand the team, take the product to user-adoption stage followed by commercialisation, and obtain regulatory clearances for global markets. "Our goal is to develop intelligent, scalable and affordable disease screening solutions which can empower the medical experts and facilitate quality healthcare delivery.Our initial focus is on the solutions for the screening tests so that we can positively impact a larger population not only in India but globally," said Rohit Kumar Pandey, chief executive of SigTuple.