Pune-based health-tech company Rises.ai, today announced that it has raised seed funding led by Angel Investors from Kuwait and USA.
Rises Analytics Solutions is an AI (artificial intelligence) and Blockchain integrated high-tech start-up focused on healthcare-oriented solutions. Rises has developed medical treatment response assessment modules and AI solutions for Cancer, TB, COVID-19 and other pulmonary conditions. Rises’ algorithm analyses medical data like X-Ray, CT, MRI and EMR.
GetFive Corporate Advisors LLP, an Ahmedabad-based boutique Investment Banking and M&A Transaction Advisory firm helped Rises Analytics Solutions Pvt. Ltd. to secure the seed funding from the Angel Investors.
This capital infusion will help accelerate Rises Analytics Solutions Pvt. Ltd.’s growth and market expansion. The funds from the seed round will be used for product enhancement, enhancing the Technical team and improving market outreach.
Rises.ai team is aiming to get several large Hospitals and Diagnostics clinics onboard in the coming months. Next step would be to explore setting up of a footprint in the US market making good the opportunity that the US funding offers them while working cementing the several strategic partnerships being explored in the region.
Commenting on the announcement, Ajit Despande, Managing Director, Rises Analytics Solutions Pvt. Ltd., said, “We approached GetFive team for raising of our seed capital and they helped us not only in raising the funds but the kind of guidance that we received in fine-tuning our business model and improving our customer outreach roadmap was the real icing on the cake. The GetFive team worked as strategic partners with us rather than advisors.”
“It was a pleasure working with Mr. Ajit Deshpande and his team. What they are bringing to market within AI solutions to Medical Imaging segment is revolutionary and we are totally convinced on the concept and the value it will bring. Our due diligence corroborated the same. I feel it was this conviction and Mr. Ajit Deshpande’s passion that was the fuel behind completing this project in record 3 months”, said, Shrikant Goyal, Founding Member and Managing Partner, GetFive Corporate Advisors LLP.