Cent Raises $15 Million to Build Preventive Health Platform for India
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Cent, an Indian health technology startup, has raised $15 million in a Series A funding round. The round was co-led by Blume Ventures and SPC. The company plans to use the money to build a full-stack preventive health platform for people across India.
Preventive health means finding and managing health problems early, before they become serious illnesses. Cent's platform will use artificial intelligence to support diagnostic tests, which are the tests doctors use to identify diseases. The company says the platform will be designed to reach people in many parts of the country, not only in big cities.
A Series A round is usually an early stage of investment, in which a company receives funding to grow its products and expand its operations. Investors in this round are betting that the company can scale its services over time. The funding will help Cent develop its technology and increase the reach of its care services.
Health experts in India have long said that preventive care can reduce the pressure on hospitals and lower long-term medical costs for families. Cent's expansion will be closely watched by investors and healthcare companies as more digital health services enter the Indian market.
Sources: BusinessLine
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