In the Series A round, Pune-based health-tech startup DeepTek raised USD 10 million (INR 77 crore) on March 7, 2022. The funding came from Tata Capital Healthcare Fund II (TCHF II) and other investors. 

In addition, Pune-based Pentathlon Ventures and Gurgaon-based GHV participated in the round. 

DeepTek’s Utilization of Funds-

The fresh capital will allow the firm to invest in further global outreach. This funding will go a long way to secure regulatory approvals.

Besides, DeepTek will focus on building its AI tools. The tools will analyse accurately and improve the productivity of radiology diagnosis.

Previously, the health-tech startup raised funding from an IT-based firm in Japan, NTT DATA.

What the founder has to say-

Dr Amit Kharat, Co-founder and CEO of Deeptek, said, “DeepTek’s AI-enabled radiology solutions transform radiology operations, enabling productivity growth by 3x to 5x.”

He added, “Today, through our offerings, we touch over 500,000 patients every year and are well poised to grow from here.”

What the investor has to say-

Visalakshi Chandramouli, managing partner, Tata Capital Healthcare Fund, said, “DeepTek is among the few radiology AI companies with cutting-edge medical imaging offerings and successful track record of commercial adoption.”

Vikram Upadhyaya, founder, GHV Group, said, “Leveraging GHV’s Digital Transformation Platform through Industry Co-creation, several startups and Enterprises are reaping the benefits and achieving a win-win long term sustainable association and a strategic value creation, not only for their respective bottom lines but also for the industry as a whole. I have known Ajit for a long time now and appreciate his commendable track record. While investing in early-stage businesses, we have always placed a high emphasis on team, and Ajit not only brings great experience but also a great process-oriented approach of building great businesses.”

About DeepTek

Ajit Patil and Amit Kharat brought Deeptek into existence in 2017. DeepTek is a Pune-based health-tech startup engaged in the medical imaging artificial intelligence (AI) space.  With its disruptive AI solutions, the company is pioneering the radiology space.

Their AI-powered technology enables hospitals and healthcare institutions to obtain enhanced reports along with highly accurate and efficient radiology scans. 

Their brand Augmento is a cloud PACS solution for radiology imaging. Besides, it offers Teleradiology solutions and GENKI-X-RAY. In addition, they provide CT scans based AI-powered solutions for public health screening. 

Deeptek’s customer base includes hospitals and imaging centres across India, Japan, Singapore, the Philippines, and other Asia-Pacific countries.

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Jasleen Bhatia works as a content writer for VCBay News. She is pursuing her final semester in Bachelor of Business Administration from IIPS, DAVV. Driven by her keen interest in entrepreneurship and finance, she writes business-related articles.

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