5C Network, a digital diagnostics startup backed by Tata 1mg raised $4.6 M
Existing investors Unitus Ventures and Axilor Ventures, as well as angel investors, joined the round that was led by Celesta Capital.
The new funding will be used by 5C Network to expand and strengthen its diagnostic clientele as well as to hire more personnel and build out its data science and clinical teams.
According to 5C Network, its Prodigi platform sends radiological findings to 2,000 hospitals and diagnostic centres annually across 300 locations in the nation.
On Wednesday, October 12, healthtech company 5C Network announced that it has secured around $4.6 M in a Series A fundraising round, which was headed by venture capital firm Celesta Capital.
Existing investors Unitus Ventures and Axilor Ventures, as well as angel investors Ajay Gupta, Rohit Razdan, and Shiv Tallam, participated in the round as well.
The healthtech platform’s fundraising effort follows a strategic investment by Tata 1mg of an undisclosed sum in the firm in March of this year.
The new funding will be used by 5C Network to expand and deepen its diagnostic customer base as well as to hire more people and build up its infrastructure for its data science and clinical teams.
“We are building the world’s best Al-powered diagnostic reporting platform, Prodigi, and developing the smartest algorithms to route every scan to the best qualified, available radiologist online. We expect this to scale significantly over the coming quarters,” 5C Network CEO Kalyan Sivasailam said.
