Brain health startup Ivory raised $1 M from IIM-A Ventures and Capital A
IIM-A Ventures and Capital A co-led a $1 million funding round for the brain health startup Ivory. Additionally, 1Crowd, Stanford Angels, and angel investors Dr. Sanjay Arora, Adarsh Narahari, and Juhi Bhatnagar participated in the round.
The agetech startup raised $500K in a fresh round earlier in February 2024, which was led by Capital A, an early-stage venture capital fund.
The money raised will be used to expand the scale’s distribution throughout India and enhance its cognitive assessment technology. The group intends to invest in research to set cognitive health standards for Indian populations, develop AI capabilities for customized evaluations, and enter new areas.
Ivory, a company founded in October 2022 by Isaac John and Rahul Krishnan, specializes in the early identification of cognitive decline using digital tests grounded in neuroscience. In addition to developing preventive measures against neurodegenerative diseases, the company seeks to address the underdiagnosis of cognitive impairment.
Through its app, the startup offers clinical-grade cognitive screening, and it collaborates with psychologists, insurance companies, Ather Energy, WeWork, and PUMA, among other businesses.
Along with appearing on Shark Tank India Season 4, Ivory also published a report on brain health. Through its app, Ivory provides brain training and FDA-registered evaluations. Investors like 1Crowd, Stanford Angels, and TDV Partners also support it.
