Monitra Healthcare Raises $500K in Pre-Series A Funding for Remote Cardiac Monitoring

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Monitra Healthcare, a Hyderabad-based company, has successfully raised $500,000 in pre-series A funding for its remote cardiac monitoring platform. The funding round was led by 91Ventures and Lavni Ventures, with participation from ACG World, AWE funds, and notable individuals such as Lakshmi Narayanan, Kishore Ganji, and Arvind Ramamurthy. This funding will support Monitra Healthcare’s next phase of growth, including expanding into international markets, establishing monitoring centers, and developing AI technology for early diagnosis of cardiac disorders.

Monitra Healthcare aims to address the challenges in monitoring cardiac arrhythmia by providing a convenient and high-quality diagnostic platform. Its flagship product, upBeat®, is designed to help physicians diagnose unexplained fainting and palpitations accurately. The platform utilizes an adhesive patch that transmits real-time data to the cloud, accompanied by a big data solution and comprehensive review layer to ensure accurate diagnosis.

The funding received from various investors demonstrates the trust and confidence in Monitra Healthcare’s management team and their ability to solve critical healthcare issues. The company has previously received grants from Biotechnology Ignition Grant, USISTEF, BIPP, SPARSH, and is backed by Indian Angel Network and Nomads.

Monitra Healthcare plans to expand its operations across India, enter international markets, and monitor various biomarkers related to heart health, such as brain strokes, oxygen saturation, blood pressure, and respiratory rate. The company’s vision for the next five years is to acquire and analyze biosignals from the human body to derive clinical insights and improve healthcare delivery.

This recent funding round marks an important milestone in Monitra Healthcare’s journey and highlights the growing demand for innovative solutions in cardiac monitoring. With their advanced technology and strong investor support, Monitra Healthcare is well-positioned to make a significant impact in the healthcare industry, both in India and globally.

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Disclaimer: This article is generated and presented by OpenAI’s GPT-3 model, and does not reflect the opinions or views of the publishers. No copyright infringement is intended.

Frequently Asked Questions (FAQs) Related to the Above News

What is Monitra Healthcare?

Monitra Healthcare is a Hyderabad-based company known for its remote cardiac monitoring platform. They are focused on providing convenient and high-quality diagnostic solutions for cardiac arrhythmia.

What is their flagship product?

Their flagship product is upBeat®, a platform designed to help physicians accurately diagnose unexplained fainting and palpitations. It utilizes an adhesive patch that transmits real-time data to the cloud for comprehensive analysis.

What is the purpose of the pre-series A funding?

The pre-series A funding of $500,000 will support Monitra Healthcare's next phase of growth. It will aid in expanding their operations into international markets, establishing monitoring centers, and developing AI technology for early diagnosis of cardiac disorders.

Who led the funding round and who were the other participants?

The funding round was led by 91Ventures and Lavni Ventures. Other participants included ACG World, AWE funds, and notable individuals such as Lakshmi Narayanan, Kishore Ganji, and Arvind Ramamurthy.

What grants and support has Monitra Healthcare received previously?

Monitra Healthcare has received grants from various sources such as Biotechnology Ignition Grant, USISTEF, BIPP, and SPARSH. They are also backed by Indian Angel Network and Nomads.

What are Monitra Healthcare's future plans?

Monitra Healthcare plans to expand its operations across India and enter international markets. They also aim to monitor various biomarkers related to heart health, such as brain strokes, oxygen saturation, blood pressure, and respiratory rate. Their long-term vision is to acquire and analyze biosignals from the human body to improve healthcare delivery.

How significant is the recent funding round for Monitra Healthcare?

The recent funding round marks an important milestone in Monitra Healthcare's journey and showcases the growing demand for innovative cardiac monitoring solutions. With strong investor support and advanced technology, the company is well-positioned to make a significant impact in the healthcare industry both in India and globally.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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