Turbostart leads $1 million investment in Ai Health Highway
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Investment in Ai Health Highway: Turbostart has invested $1 million in Ai Health Highway as part of a $1.5 million pre-Series A funding round, which also includes contributions from Rainmatter by Zerodha, The Chennai Angels, and other angel investors.
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Product Innovation: Ai Health Highway’s flagship product, AiSteth, is India’s first AI-enabled stethoscope designed to enhance cardiac care by facilitating the interpretation of heart sounds, aiming for early detection of critical conditions.
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Healthcare Accessibility: The AiSteth integrates into existing medical workflows and aims to make healthcare more accessible and affordable, particularly in underserved communities, contributing to the global effort to reduce premature deaths from non-communicable diseases (NCDs).
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Strategic Goals: Ai Health Highway aims to decrease NCD-related premature deaths by 30% by 2030 through improved early detection and intervention strategies.
- Leadership Praise: Both Venkat Raju, CEO of Turbostart, and Dr. Satish S Jeevannavar, Founder of Ai Health Highway, emphasize the importance of this investment in transforming healthcare access and addressing the challenges of global health.
Turbostart, a global venture capital platform, has invested $1 million in Ai Health Highway as part of its pre-Series A funding round.
The funding is part of a larger $1.5 million round that includes notable co-investments from Rainmatter by Zerodha, The Chennai Angels, BITS BioCyTiH Foundation, and other angel investors.
The financial backing will help Ai Health Highway strengthen its presence in India and accelerate its regulatory approvals globally. Moreover, it will enable the expansion of its AI and machine learning (AI/ML) solutions in the cardio-respiratory domain.
Ai Health Highway’s flagship product
Ai Health Highway’s flagship product, AiSteth, is India’s first AI-enabled stethoscope. This innovative tool is transforming the landscape of cardiac care by helping healthcare professionals and even non-specialists interpret heart sounds for early detection of life-threatening conditions.
AiSteth leverages advanced artificial intelligence and signal processing to convert traditional stethoscopes into more sophisticated diagnostic tools. This allows healthcare providers to make more informed clinical decisions, potentially saving lives through early intervention.
Expanding healthcare access with AI
The AiSteth stethoscope integrates easily into existing medical workflows, offering high-quality heart sound capture, analysis, and data-sharing capabilities. It makes healthcare more accessible and affordable, especially in underserved communities.
As part of Ai Health Highway’s larger mission, the company aims to reduce global premature deaths caused by non-communicable diseases (NCDs), which are responsible for over 41 million deaths each year. Their goal is to decrease these deaths by 30% by 2030, focusing on early detection and intervention.
Leadership comments
Commenting on the investment, Venkat Raju, Founder and CEO of Turbostart, said, “We are thrilled to support Ai Health Highway and its exceptional founding team, who bring together a powerful blend of medical expertise, business acumen, and technological innovation. Their work goes beyond upgrading the stethoscope – they’re reimagining screening tools to make healthcare more accessible in the modern age. Their smart stethoscope technology has the potential to bring quality screenings to underserved communities, democratizing access to early detection. We are excited to see how they will transform healthcare accessibility, creating meaningful impact in an industry where change is not just welcome, but necessary.”
Dr. (Maj) Satish S Jeevannavar, Founder of Ai Health Highway, added, “We are delighted to announce Turbostart as the Lead Investor for our Pre-Series A round, joined by co-investors Rainmatter by Zerodha and BITS BioCyTiH Foundation. Our existing investors, The Chennai Angels, along with other angel investors, have also participated in this round. We are thrilled to collaborate with Turbostart on this vital mission to tackle NCDs. The expertise of their seasoned professionals and Centers of Excellence will be invaluable as we navigate the complex global healthcare landscape.”
Here is the summarized information based on the provided article:
Funds:
- Turbostart – Lead Investor
- Rainmatter by Zerodha – Co-investor
- The Chennai Angels – Co-investor
- BITS BioCyTiH Foundation – Co-investor
- Other Angel Investors – Co-investors
Investors:
- Turbostart
- Rainmatter by Zerodha
- The Chennai Angels
- BITS BioCyTiH Foundation
- Other Angel Investors (Unnamed)
Startup:
- Ai Health Highway
Founders:
- Dr. (Maj) Satish S Jeevannavar – Founder of Ai Health Highway
- Venkat Raju – Founder and CEO of Turbostart
Fundraise Series:
- Pre-Series A
- Total raised: $1.5 Million
- Turbostart invested: $1 Million