ten3T will reportedly use the funds to expand the usability of their product called Cicer for ambulance monitoring, pharmacovigilance studies and homes.
ten3T Healthcare Pvt. Ltd, a Bengaluru based medical wearable device startup, has reportedly raised an unrevealed amount in a pre-Series A funding round. The funding round was led by early-stage ITI Growth Opportunities Venture Fund of Investment Trust of India Group, a financial services group supported by Sun Pharmaceutical Industries Ltd.
According to Indian Web 2, the existing investor Pi Ventures, an early stage technology fund, participated in the round. The angel investors such as Raghu Tara, Founding Member, Sling Media; Bhupen Shah, Co-founder, Sling Media; and Raghavendra Prasad and Krishna Prasad Chitrapura, Co-founders, QikWell, were the other investors who participated in the round.
Other investors like Deepinder Singh Dhingra, Chief Product Officer, Noodle.ai; Rama Voruganti, Senior Technologist; Ikuto Higashi, a serial angel investor in medical startups in Japan, India and the US; and Vijay Chandru, Co-founder, Strand Life Sciences, also participated in the funding round.
ten3T will reportedly use the funds to expand the usability of their product called Cicer for ambulance monitoring, pharmacovigilance studies and homes. Cicer is a palm-sized wearable device to monitor real-time ECG (electrocardiography), respiration, temperature and pulse, and streams the reports in real time to the doctor’s tablet and the nursing station.
The device empowers several smaller nursing homes without an ICU (intensive care unit) to offer ICU-equivalent services to the patients even when they are at their home or walking around. Cicer can be used to get a spot ECG, that is, an instant reading, or can be worn for hours (like a Holter monitor, a wearable device that keeps track of the heart rhythm).
ten3T has claimed that Cicer has already completed monitoring of more than 10,000 patients at hospitals and home, covering more than 750 hospital beds.