Get All Access for $5/mo

In-Med Prognostics Raises $2.13 Million Led By Exxora The fund raised will be used to stabilize and expand the product portfolio and tap global markets

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

In-Med Prognostics, an AI company with expertise in multi-modal data and image processing, has raised $2.13 million led by Exxora along with the participation from prominent angels. The fund raised will be used to stabilize and expand the product portfolio and tap global markets.

"We are beyond thrilled about putting this investment to good use and strengthen and broaden our product suite and go further in our mission to bring accessible state of the art AI based healthcare tools to the emerging world and beyond. Many thanks to our incredibly supportive investor. We look forward to continuing to prove you right! Thanks also to our wonderful team and ecosystem partners without whom none of this would be possible," said Dr. Latha Poonamallee, co-founder, In-Med Prognostics.

The company offers AI powered image processing proprietary software for neurologist decision support and radiologist workflow enhancement. The company is the first in the world to provide ethnicity specific neuro assessment reports and multi-modal data processing capability to develop integrated digital biomarkers, claimed by the firm in a statement.

"Med-tech is seeing some amazing opportunities and we continue to invest in start-ups like In-Med Prognostics that are providing innovative solutions in the area of preventive brain health using AI and deep learning (DL). Our endeavour at Exxora is to support innovators who are able to address unmet needs and create social impact globally," said Sriram Natarajan, Exxora.

Founded by Latha Poonamallee, Rajesh Purushottam and Al Curran, In-Med Prognostics leverages deep learning algorithms and machine learning to provide time saving accurate Neuro analysis which aids in assessment and early detection of neurological disorders such as Dementia, Alzheimer's and Parkinson's at affordable prices.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
News and Trends

Metropolis Healthcare Acquires Core Diagnostics for INR 246.8 Cr

The deal will be financed through a combination of cash and equity, with 55% of the transaction in cash and the remaining 45% through an equity swap.

Side Hustle

At Age 15, He Used Facebook Marketplace to Start a Side Hustle — Then It Became Something Much Bigger: 'Raised Over $1.6 Million'

Dylan Zajac, now a 21-year-old senior at Babson College, wanted to bridge the digital divide.

Business News

OpenAI Just Released Its Text-to-Video Generator, Sora. Here's How the New AI Could Impact Small Businesses and Creators.

Sora has a variety of use cases for businesses, from social media campaigns to video creation.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

Machines Are Surpassing Humans in Intelligence. What We Do Next Will Define the Future of Humanity, Says This Legendary Tech Leader.

Craig Mundie, co-author of "Genesis: Artificial Intelligence, Hope and The Human Spirit" dives into the unrivaled power of AI.

Growing a Business

This Cozy Coffee and Garden Shop Has Become a Staple in Its Community By Following 5 Smart Strategies

Maypop is a combination coffee and garden shop where a blend of community building and customer service creates an unforgettable experience.