Sunday, March 3

Twitter Founder Invests in Delhi based AI Startup

Twitter Co-founder Biz Stone has invested in his “personal capacity” in a Delhi based health startup that makes use of an artificial intelligence bot in its app, as he wants to contribute to a future where AI is seen as a “positive enhancement of humanity”.

“Visit”, founded in 2016 is an on-demand healthcare service provider that facilitates consultation from a pool of medical specialist and general physicians to its users.

The startup has recently introduced an AI-based “chatbot” which acts as a digital assistant to provide “smart help” to patients in accessing doctor’s consultation.

Indian investors Rohit Bansal and Kunal Bahl, co-founders of Snapdeal have also invested in their personal capacity in Visit.

Vaibhav Singh, Co-founder, and Head at Visit said,

This is country’s first AI-integrated health app and we had pitched to our investors highlighting this aspect only.

 

Visit facilitates a symbiotic relationship between AI and doctors, that results in a hugely positive impact for patients, said Stone, one of the three Silicon Valley-based investors.

Earlier in May 2016, Visit had raised seed funding from MapMyIndia, a Flipkart backed company that builds GIS & GPS based software.

The “Visit” is the second bet for Biz Stone in India. He had earlier led Series A investment of $3 million in Lookup, a local mobile messaging app back in May 2015.Unfortunately, the investment did not prove beneficial for the co-founder and was acquired by Blume-funded NowFloats in January 2016.

Stone is also co-heading Medium apart from Twitter, which is a social publishing network and Jelly HQ. He is also an angel investor and advisor in a pool of startups such as Square, Slack, Medium, Nest, Beyond Meat, Pinterest, Intercom, and Faraday.