Startup & Entrepreneurship
Bangalore-based Tricog raises RS 12 crore
Aiming to scale up the country and develop the technology, Bangalore-based Tricog Health Services has reportedly raised around Rs 12 crore from venture capital firms Inventus Capital Partners and Blume Ventures in its Series-A round funding.
It raised another Rs 2 crore from angel investors.
Tricog manufactures cloud-connected ECG devices for faster and accurate diagnosis of heart conditions. They use technology to help patients gain access to quick, accurate and affordable diagnosis, which can lead to significant mortality reduction.
Dr Charit Bhograj, the co-founder of Tricog, said, “Our device helps not only in reducing the time for diagnosis but also ensures accuracy. We have filed a patent for our technology, all of which we built in Bengaluru.”
The Tricog ECG devices, strategically located at local clinics help doctors detect heart complications within minutes of your arrival. After collection of ECG results, the diagnosis is shared with both the patient and the doctor in real-time. The system is designed to additionally enable continuity of care at a tertiary centre when required.
Parag Dhol, MD Invetus mentioned, “Data-intensive problems are getting disrupted by machine-learning, which will soon be the case in every single industry,”
“It was also the inter-disciplinary nature of the team that we liked. It is a complete team,” Dhol added.
Founded in January 2015 by a team comprising Dr Charit Bhograj, PhDs Dr Zainul Charbiwala and Dr Udayan Dasgupta and software architect Abhinav Gujjar, Tricog has manufactured its own hardware.
The company has already installed 250 devices in hospitals and clinics in Karnataka and has also conducted trials in countries such as Malaysia and the Philippines.
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