Investors: Prime Venture Partners, YourNest Venture Capital & 3One4 Capital
Bengaluru, 15 September 2020: , Dozee India’s First Contactless Remote Health MonitoringStartup, has raised INR 12.5 crorefrom Prime Venture Partners, YourNest Venture Capital and . 3one4 Capital Exclusively designed & manufactured in India, Dozee is already seeing a strong adoption for remote patient care, both in Hospitals and at Home. The startup will use the fresh capital to expand market outreach and bring real-time vitals monitoring at the forefront of digital healthcare in India. Dozee will also use the funds to enhance product capabilities, complete FDA and other global certifications, and enhance user experience for both physicians and patients.
Dozee, the brainchild of IIT graduates Mudit Dandwate and Gaurav Parchani has been productized after five years of deep research conducted in partnership with leading hospitals, notably NIMHANS and Sri Jayadeva Institute. Dozee is already being used by over 30 healthcare institutes, including Kauvery Hospital, IGMC Nagpur, ILS Kolkata, Chengalpattu Medical College, Kingsway Hospital, and Ministry of Ayush. Retail consumers are using Dozee in over 1000 homesto monitor the elderly and more than hundreds of people are using Dozee to keep track of their own health for chronic conditions. During the ongoing COVID-19 pandemic, over 1200 Dozees have been deployed in over 20 quarantine centresacross eight states. Dozee has so far monitored over 4000COVID-19 patients in institutional settings, saving more than 6000 nursing hours.
Dozee tracks key vitals of the human body such as Heart Rate, Respiration Rate, Oxygen Saturation, Sleep Stages, Stress-Recovery and more with a medical-grade 98.4% accuracy.The contactless sensor, placed under the mattress captures real-time body vitals without using any external wires or touching the user’s body. The sensor captures micro-vibrations produced by the body every time the heart pumps blood, during inhalation, exhalation, muscle twitches, tremors and body movements. An AI-powered, Early Warning System then converts these signals into biomarkers and uses the data to present an analysis of the patient’s health through a smartphone app, for retail users.
Hospitals are using Dozee to convert any bed into a Step Down ICU to continuously monitor a patient’s cardiac and respiratory cycles, and notify the care team of any abnormalities that may be detected before it becomes critical. Doctors & healthcare teams can monitor the heart and respiratory health of their patients in a single screen on the Sens Health Platform. The doctor can optimize and focus on critical patients and set personalized and custom alerts to detect any abnormality in the vital parameters.
Dozee works on a technology called Ballistocardiography (BCG), a non-invasive method that tracks vibrations from every heartbeat, respiration & smallest of body movements. Dozee has built a proprietary Advanced Health Intelligence System that extracts biomarkers and vital parameters from the noisy vibration data captured by the sensors. The AI system helps is identifying health deterioration through abnormalities across all vital parameters Dozee measures. In many cases, the AI system has successfully predicted early health deterioration in conditions ranging from fever to heart failure, even before the patient could see the symptoms.
Mudit Dandwate, CEO & cofounder, Dozee
“Healthcare is a basic necessity and everyone deserves quality care. Over the last 5 years led by intense R&D, our focus has been to hone Dozee as the most convenient, accurate, and cost-effective health monitor that can easily reach masses. We are thrilled to get support from brilliant product thinkers and market experts in PrimeVP, YourNest and 3one4, in our growth journey to touch a billion lives.”
Sanjay Swamy, Managing Partner, Prime Venture Partners
“Dozee is an exceptional story on how a team has created a mountain of Intellectual Property through the toughest of times and is now proven, certified and ready for “PrimeTime” (no pun intended). Continuous and touchless vitals monitoring is an essential service- whether you are in the next room, a mile away or halfway across the world. We’re thrilled to back Mudit and Gaurav and be part of a journey of what promises to be a breakthrough startup, alongside YourNest and 3One4.”
Dr. Vivek Mansingh, General Partner, YourNest
“Today, healthcare is only serving the top one third of the world population. To democratize healthcare and make it available to everyone across the world, technology will play a critical role. Dozee is a deep tech startup from India that moves the needle in this direction. Using its proprietary sensing technology and advanced AI algorithms, Dozee not only can provide quality healthcare to millions of individuals, but also, by precisely monitoring the vitals of users at home & hospitals, can improve their health & avoid escalations by allowing for timely interventions.”
Pranav Pai, Managing Partner, 3One4 Capital
“Recent events have accelerated the need for realtime vitals sensing, home health care, and continuum care. Dozee has shown tremendous agility in this context to combine deep technology and healthcare expertise into a scalable and sustainable sensor and data platform in the form of their step down ICU system. We are excited to partner with the Dozee team as they bring together their collective experience across health and technology to build the future infrastructure for Indian Healthcare.”
Dozee is India’s First Contactless Remote Health Monitoring Startup that monitors heart health, respiration, sleep quality and stress levels with 98.4% accuracy as compared to medical devices. Dozee’s AI-based module Advanced Health Intelligence, detects early signs of health deterioration by continuously assessing user’s vitals data and conducting a risk analysis. Dozee was launched in October 2015 by IIT graduates Mudit Dandwate and Gaurav Parchani and has till date raised over INR 19 crore. They have been awarded grants by the GoI’s BIRAC, IKP Knowledge Park, Sine IIT Bombay, ACT and Bill & Melinda Gates Foundation. The start-up has also filed several patents on detecting and predicting respiratory, cardiac & neurological patterns & providing in-depth analysis of vital signals for early warning of health deterioration. For more details, please visit: https://www.dozee.store/
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