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Dozee closes additional funding to drive transformation in Indian healthcare infrastructure

April 14, 2023
2 mins

We are thrilled to share that Dozee, India's 1st AI-based Contactless Remote Patient Monitoring (RPM) & Early Warning System (EWS), has successfully raised $6M in funding from 3one4 Capital, Prime Venture Partners, YourNest Venture Capital, State Bank of India, and Dinesh Mody Ventures.

Dozee has established a presence in over 380 hospitals covering more than 40 districts, and its recent achievement of US FDA 510(k) clearance for its flagship Remote Patient Monitoring product - Dozee Contactless Vital Signs (VS) Measurement system - exemplifies the company's strong commitment to the 'Make in India, Made for the World' movement.

With this fresh funding, Dozee plans to expand further in the Indian market, invest more in its differentiated R&D capabilities, and continue its expansion.

"The current Series A2 fund-raise is a part of the company’s plan to further its reach to every nook and corner of the country and to begin the era of ‘Made in India’ products in the global market. Our growth momentum demonstrates accelerating progress toward our goal of making ‘HarBedDozeeBed’ the future of Indian healthcare infrastructure," said Mr. Mudit Dandwate, CEO & Co-Founder, Dozee.

Dozee enables healthcare workers to remotely monitor patients’ vital parameters such as heart rate, respiration rate, blood pressure, blood oxygen saturation levels, temperature, and ECG. Dozee’s Early Warning System (EWS) tracks the trends of vital parameters and provides alerts to healthcare providers for early detection of patients' clinical deterioration, enabling timely medical intervention.

Research done by independent consulting firm Sattva shows that for every ~100 Dozee connected beds, it can save ~144 lives and ~80% of the time taken for vitals by nurses and reduce ICU ALOS by ~1.3 days. Earlier this year, Dozee partnered with British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, to upgrade 6,000 hospital beds in ~140 public hospitals across India and in other regions to transform the public healthcare landscape.

Dozee is poised to further improve the quality of critical care facilities in India and beyond. We are proud partners of the Dozee on their journey towards transforming the healthcare industry through its  innovative IP and collaborative expansion model.

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