Clinics on Cloud Invests in Healthtech Startup Inolabs.ai

The investment by Clinics on Cloud aims to foster advancements in preventive healthcare and artificial intelligence integration within the healthcare sector.

Pune-based Clinics on Cloud has invested $0.5 million in Bengaluru-based healthtech startup Inolabs.ai, operating under Inovatrik Technologies. 

The investment by Clinics on Cloud aims to foster advancements in preventive healthcare and artificial intelligence integration within the healthcare sector. 

Founded in 2019 by Limton Xavier and Uthiramoorthy, Inovatrik Technologies is a Bengaluru-based IT services and consulting firm dedicated to simplifying customer operations and development. 

The startup's strategic portfolio encompasses Enterprise IT Solutions & AI/ML, IoT/Renewable Energy, and VR/AR & Metaverse, promising ongoing growth and industry impact.

By partnering with Inolabs.ai, the company seeks to leverage cutting-edge technology to enhance patient care outcomes and drive innovation in the field of healthcare delivery.

Commenting on the investment, Limton Xavier, chief architect & cofounder of Inovatrik Technologies, said, "Inolabs.ai helps healthcare clients start their AI journey effectively by partnering with the right hardware providers and experts."

Clinics on Cloud, manufacturers of health ATMs/kiosks, develop advanced solutions for preventive healthcare and improve patient outcomes.

Sharing insights, Dr Rahul Singh, CEO, Clinics on Cloud, said, "Partnering with Inolabs.ai aligns with our focus on leveraging technology to enhance patient care. This investment reflects our confidence in their innovative approach to preventive healthcare."

Investment Trends in the Health tech Sector

The investment by Clinics on Cloud in Inolabs.ai reflects the broader trend of increased funding activity in the health-tech sector. 

Recently, Medulance, a platform providing emergency healthcare services, secured $3 million in Series A funding, with Alkemi Growth Capital leading the investment. 

The funding round saw participation from Dexter Capital, Aman Gupta, and Namita Thapar.

The infusion of funds is earmarked for expanding its presence nationwide and enhancing emergency management technology to address critical service execution challenges.

Similarly, Mumbai-based FlashAid, an insurtech startup focused on healthcare, closed a $2.5 million pre-Series A funding round, co-led by Piper Serica Angel Fund and SOSV. This funding will facilitate FlashAid's expansion plans and further development of its technology infrastructure.

Similarly, Butterfly Learnings, specializing in pediatric behavioral and developmental health, secured approximately $3.8 million in its Series A round last week. This investment is expected to facilitate expanding its technology-enabled therapy programs for neurodiverse children.