Mumbai: Endimension Technology has raised Rs 6 crore in a pre-Series A round led by Tipping Point Companies. Other investors in this round include Sucseed Indovation, SINE IIT Bombay and individual angel investors.
The funds will be used to boost artificial intelligence (AI) research and development, team expansion and software improvement. These strategic investments aim to strengthen its market position, accelerate growth and establish Endimension as an industry leader.
Ivy Chin, Partner at Inflection Point Ventures, said: “The Indian diagnostic radiology market, which has grown at a CAGR of over 15 per cent over the last decade, has been highly focused on equipment and infrastructure. The need Underestimated is the number of qualified professionals, i.e. radiologists, to manage this growing demand. There has been growth in level I, II and III teams, but the prohibitive availability and costs of trained radiologists exacerbate the problem of demand. exceeds the supply situation.
Endimension is focused on leveraging AI to facilitate faster assessment and diagnosis, employing generative AI to streamline report generation and reduce the time required by radiologists. IPV is confident that this investment “It will contribute to the improvement of the industry.”
He global market The use of AI in medical imaging is expected to grow significantly in the coming years. In 2024, the market size is estimated to be around $5.86 billion and is projected to reach $20.4 billion by 2029, with a compound annual growth rate (CAGR) of 28.32 percent (Ref: Mordor Intelli ). This growth is driven by increasing demand for early and accurate diagnoses, growing awareness of chronic diseases requiring imaging services, and increasing adoption of artificial intelligence technologies in healthcare.
Leveraging this, the startup has established itself as an end-to-end AI platform for radiological diagnosis, which is distinguished by its seamless integration, multiple customization options, and ability to accurately diagnose a wide range of conditions, leading to better patient outcomes. Endimension’s platform has processed over one million scans to date and is currently deployed in 400 hospitals and diagnostic centers across multiple regions, improving its accessibility.
