Niramai | Pixr8 News

Funding is a very important part of business and without funding, it is quite difficult for startups to grow. Funding provides the base to startups. This week, we saw various funding activities, out of which the maximum funds were raised by an insurance company. The maximum funds raised were $200 million. Let us now have a full view of the important and the top five funding activities of the week. 1) Bright Health Minneapolis-headquartered insurance startup Bright Health has raised funds amounting to $200 million in Series C funding round. The round was led by Tom Valdivia, a former Definity Health executive. The valuation of the company, following the round has reached at $950 million. New investors Declaration Partners and Meritech Capital participated in ...

Healthtech startup Niramai has secured funds around $6-7 million in a funding round. The round was led by existing investors Pi Ventures, Axilor, Ankur Capital and Flipkart cofounder Binny Bansal. Niramai Health Analytix is building an artificial intelligence (AI)-based tool for a non-invasive, non-touch, non-radiation approach to detect breast cancer. The technology, called Thermalytix, helps remove the technological, logistical and cost barriers for breast cancer screening among women. Niramai was founded in 2016 by Geetha Manjunath, who has 25 years of experience in areas such as data analytics, machine-learning and cloud computing, and Nidhi Mathur, with experience in business planning, strategy and product management. Both the cofounders had previously worked with Xerox Research...

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Top Five Funding of the Week (26th Nov – 1st Dec)

HealthTech Firm Niramai Secures $6-7 million from Exisiting Backers