In a strategic round led by computer scientist Andrew Ng, the AI Fund has given AI platform for healthcare ‘Jivi’ an undisclosed sum of money.

Ankur Jain, the previous chief product officer of the financial business BharatPe, was expected to introduce his new AI healthcare startup in April of this year, according to an exclusive report by Entrackr.

Jivi blends physician validation with AI-powered diagnostics. Personalized insights are provided through the use of a sophisticated agentic architecture to help patients through the diagnosis, treatment, and preventative care journeys.

It develops tailored health reports with symptoms, possible diseases, and available treatments, and it gives patients fast, dependable, and accurate responses to their health-related concerns. It covers more than 20 medical specializations.

Among the last three months, the Gurugram-based company has operated with more than 100 Indian physicals, hospitals and doctors.

The AI Fund is backed by well-known investors including Sequoia Capital and SoftBank Group. It is well-known for its investments in businesses like the podcast production platform Podcastle and the financial research tool Octagon AI.

This makes sense because, according to a Nasscom-BCG analysis, the value of India's AI sector is expected to increase from US$10 billion in 2024 to US$22 billion by 2027. According to the estimate, products and startups will share 15–17% of the market with the financial services industry.

The surge of AI in India can be directly connected to the strategic efforts of government to make the country as a digital nation. A metropolis in India, Hyderabad has hosted the Global AI summit 2024 recently. The 2-day summit centered on "Making AI Work for Everyone”, that underscored diverse ways to leverage the revolutionary potential of AI in all sectors while also spearheading the AI ethics and considerations.