Dozee Secures $6M Funding to Disrupt Indian Healthcare with Contactless Monitoring System
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 saw participation from existing investors like 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. With this fresh infusion of capital, Dozee aims to scale its operations across the country and provide a springboard for global expansion.
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). 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. Its Early Warning System (EWS) tracks the trends of 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 flagship product – the Dozee Contactless Vital Signs (VS) Measurement system – recently received US FDA 510(k) clearance, further demonstrating the company’s commitment to innovation and quality. With this latest funding round, Dozee plans to expand further in the Indian market, invest more 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.
With the tagline “HarBedDozeeBed” (Every bed is a Dozee bed), Dozee aims to unburden the Indian healthcare system and make quality healthcare accessible to all. The company’s innovative technology has 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 the recent funding round, Dozee is well on its way to revolutionizing the Indian healthcare industry with its innovative contactless monitoring system.