Healthtech startup Tricog Health raises $8.5 million
Heart centred healthtech startup Tricog Health said it has raised $8.5 million in a funding round, dubbed Series B2, from Omron Health Care and Sony Innovation Fund, among other investors. The round also saw participation by returning investors The University of Tokyo Edge Capital, Inventus Partners and SG Innovate. The Series B2 round marks an overall raise of $30 million for the Bengaluru-based startup.
“With this round, we are committed to expanding our reach to Asia and Africa and our footprint in the US healthcare market. Furthermore, our strategic partnerships will allow us, for the first time, to address the needs of heart patients at home,” said founder and CEO Charit Bhograj.
Tricog’s TriCare platform is an integrated solution for chronic disease management. Post-treatment, it enables remote management of heart disease using medical data from connected devices at home and wearable devices such as the Apple Watch.
The company states it is addressing a growing, $110 billion market opportunity using its platform. Serving heart patients through its enterprise clients, Tricog Health aims to make cardiac diagnosis and management accessible and affordable by expanding partnerships with government and private healthcare networks, such as diagnostic labs and hospitals.
The company was founded in 2015 by Bhograj (Chief Executive Officer), Dr Zainul Charbiwala (Chief Technology Officer) and Dr Udayan Dasgupta (Chief Data Scientist). Tricog Health is presently clocking $7 million in annual recurring revenue, and aims to double the figure over the next year and a half, Bhograj told.
Tricog’s platform has been deployed in over 5,000 catheterisation labs, hospitals, clinics and diagnostic centres to help diagnose and manage patients with critical cardiac diseases, including heart attacks. It has screened 12 million patients and detected half a million serious heart patients so far, the statement added.
The company, which currently works with multiple state governments, including Goa and Karnataka, helps general physicians with tools that enable them to function as cardiologists in detecting problems with the heart, Bhograj told.
The company is powered by an artificial intelligence engine which aids in the diagnosis of 140 different heart diseases and has 57 doctors on board. Another set of enterprises that Tricog Health works with involves individual clinics and nursing homes.
The company last raised funding in 2019, when it got an infusion of $10 million. “It has been a very challenging fundraising scene. We commenced our conversations around September of 2022, and were done with the latest round only in March.” Beyond Tricog Health, Sony Innovation Fund’s other investments in India include GetVantage, ImpactGuru, MedFin, MedPay, Slice and WeRize.
“With this round, we are committed to expanding our reach to Asia and Africa and our footprint in the US healthcare market. Furthermore, our strategic partnerships will allow us, for the first time, to address the needs of heart patients at home,” said founder and CEO Charit Bhograj.
Tricog’s TriCare platform is an integrated solution for chronic disease management. Post-treatment, it enables remote management of heart disease using medical data from connected devices at home and wearable devices such as the Apple Watch.
The company states it is addressing a growing, $110 billion market opportunity using its platform. Serving heart patients through its enterprise clients, Tricog Health aims to make cardiac diagnosis and management accessible and affordable by expanding partnerships with government and private healthcare networks, such as diagnostic labs and hospitals.
The company was founded in 2015 by Bhograj (Chief Executive Officer), Dr Zainul Charbiwala (Chief Technology Officer) and Dr Udayan Dasgupta (Chief Data Scientist). Tricog Health is presently clocking $7 million in annual recurring revenue, and aims to double the figure over the next year and a half, Bhograj told.
Tricog’s platform has been deployed in over 5,000 catheterisation labs, hospitals, clinics and diagnostic centres to help diagnose and manage patients with critical cardiac diseases, including heart attacks. It has screened 12 million patients and detected half a million serious heart patients so far, the statement added.
The company, which currently works with multiple state governments, including Goa and Karnataka, helps general physicians with tools that enable them to function as cardiologists in detecting problems with the heart, Bhograj told.
The company is powered by an artificial intelligence engine which aids in the diagnosis of 140 different heart diseases and has 57 doctors on board. Another set of enterprises that Tricog Health works with involves individual clinics and nursing homes.
The company last raised funding in 2019, when it got an infusion of $10 million. “It has been a very challenging fundraising scene. We commenced our conversations around September of 2022, and were done with the latest round only in March.” Beyond Tricog Health, Sony Innovation Fund’s other investments in India include GetVantage, ImpactGuru, MedFin, MedPay, Slice and WeRize.
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