Published By : 21 Oct 2015 | Published By : QYRESEARCH
After Indian Prime Minister Narendra Modi’s recent visit to Silicon Valley, when he had a meeting with Dr. Paul Jacobs, the executive chairman of Qualcomm, as a part of a series of meetings with head honchos of tech companies for evangelizing startups, Qualcomm has announced a fund of US$150 million for investing in Indian startups.
Today, a Chennai-based startup company became the first beneficiary of the fund. Attune Technologies, the company that benefited from Qualcomm’s fund, is a startup company that strives to bring Internet of Things (IoT) to India’s healthcare industry. Attune announced that it has received US$10 million from Qualcomm Ventures in the series B funding along with the participation of the existing investor of Attune, Norwest Venture Partners. Norwest had earlier invested US$1 million in Attune Technologies between 2010 and 2012.
The cloud based software of Attune technologies connects devices in the healthcare industry such as ICU machines and lab analyzers to healthcare networks. The system provides diagnostic labs, clinics, and hospitals instant access to medical data that is integrated from multiple sources.
Currently, the company’s cloud based networking software is being used by nearly 200 hospitals in India. Attune is planning to expand its market reach to healthcare sector in West Asia, Africa, and Southeast Asia with the new funds.
Attune is also working in co-ordination with the Indian government in a project for collecting machine data from health centers in rural areas to understand where medical help needs to be provided. The company believes that the move can help in preventing the spread of epidemics across rural areas in the country. Plus, there are many other ways in which added compatibility can be added to healthcare systems and the overall healthcare scenario can be more positive in the country with the help of e-health and big data concepts.