Qure.ai, an India-based healthtech company specializing in AI-driven solutions for early disease detection, has secured $65 million in Series D funding.
Investors
The round was led by Lightspeed Venture Partners and 360 ONE Asset Management. Merck’s Global Health Innovation Fund, Kae Capital, and existing investors, including Novo Holdings participated.
Lightspeed Venture Partners is a multi-stage venture capital firm with $25 billion in assets under management (AUM) globally. The firm accelerates disruptive innovations and trends across the enterprise, consumer, health, and fintech sectors. Over the past two decades, Lightspeed has backed hundreds of entrepreneurs and helped build more than 500 companies worldwide.
360 ONE Asset Management (formerly IIFL Asset Management) is a global asset management firm focused on alternative and public markets investments. Headquartered in Mumbai, India, the firm manages around $63 billion in AUM.
Qure.ai Use of Funds
The funds will help Qure.ai expand in the US and other markets, enhance its AI models, and pursue acquisitions.
About Qure.ai
Founded in 2016 by Prashant Warier, Qure.ai provides AI solutions designed to assist healthcare professionals in diagnosing and treating diseases. The company uses deep learning and AI to make healthcare more accessible and equitable for patients worldwide. Qure.ai has deployed AI-augmented detection for tuberculosis (TB), lung cancer, and stroke across 3,000+ sites in over 90 countries, with several products already cleared by US and EU regulators.
Funding Details
Company: Qure.ai Technologies Private Limited
Raised: $65.0M
Round: Series D
Funding Date: September 2024
Lead Investors: Lightspeed Venture Partners, 360 ONE Asset Management
Additional Investors: Merck’s Global Health Innovation Fund, Kae Capital, Novo Holdings
Company Website: https://www.qure.ai/
Software Category: AI Disease Detection and Management
Source: https://economictimes.indiatimes.com/tech/funding/lightspeed-leads-65-million-round-by-india-ai-diagnostics-startup-qure-ai/articleshow/113607128.cms?from=mdr#google_vignette