Dozee, India’s first contactless Remote Patient Monitoring (RPM) & AI-based Early Warning System (EWS), has raised $6 million in its Series A2 funding round. The funding round was led by existing investors Prime Venture Partners, 3one4 Capital, and YourNest VC, along with new investors including State Bank of India, J&A Partners Family Office, and Dinesh Mody Ventures. This latest capital infusion will enable Dozee to scale up its innovative healthcare technology across India.
Dozee’s innovative technology aims to bridge the healthcare gaps in India and other developing countries by using contactless Remote Patient Monitoring (RPM) and AI-based Early Warning System (EWS). With its flagship product – the Dozee Contactless Vital Signs (VS) Measurement system – the company enables healthcare workers to remotely monitor patients’ vital parameters like heart rate, respiration rate, blood pressure, blood oxygen saturation levels, temperature, and ECG. The system tracks the trends of these vital parameters and provides alerts to healthcare providers for early detection of patients’ clinical deterioration, enabling timely medical intervention.
Dozee has established a presence in over 380+ hospitals covering 50+ districts and its technology has already won several awards, including the Marico Innovation Foundation Award, FICCI Gold Award for digital innovation in healthcare, and the Anjani Mashelkar Inclusive Innovation Award (AMIIA). With this fresh capital infusion, Dozee plans to expand its operations across India, invest in R&D capabilities, and upgrade 6,000 hospital beds across 140 public hospitals in India and other regions to transform the public healthcare landscape.
The COVID-19 pandemic has highlighted the need for innovative healthcare technology, and Dozee’s technology has played a vital role in managing the health of COVID-19 patients. With this latest funding round, Dozee aims to continue its mission to revolutionize the Indian healthcare industry and become a leader in the global market. The company’s tagline “HarBedDozeeBed” (Every bed is a Dozee bed) demonstrates its commitment to unburdening the Indian healthcare system and making quality healthcare accessible to all.
Dozee’s vision of “Make in India, Made for the World” has led to the development of innovative technology that meets global standards for patient safety, data security, privacy, and reliability. The recent US FDA 510(k) clearance for its flagship Remote Patient Monitoring product – Dozee Contactless Vital Signs (VS) Measurement system – further demonstrates the company’s commitment to innovation and quality. With this latest funding round, Dozee is well on its way to achieving its vision of making healthcare accessible to all and transforming the public healthcare landscape.