Chennai-based HealthTech Startup LifeSigns Raises Fresh Funding
LifeSigns iMS (a brand by LS Devices Pvt. Ltd.), a Chennai-based healthtech startup developing a digital wireless patient monitoring solution platform, has raised an undisclosed amount in a Pre-Series A round. Several investors participated in the funding round, including Dr. SP Ganesan, a well-known Pathologist from Chennai with 40+ years of experience.
As per the startup, the raised funds will be used to accelerate its iMS platform and for India-wide expansion.
LifeSigns | Wireless Patient Monitoring
Founded by Hari Subramaniam and Shouri Akkineni, LifeSigns provides technological solutions for patient monitoring in hospitals, at home and in ambulances. The firm, with its solutions, brings high-quality, clinical-grade patient vital data continuously to healthcare professionals anywhere, anytime, at a reasonable cost.
The firm has developed a wireless, multi-patient, multi-parameter remote monitoring solution for hospitals, ambulance care, and home monitoring. Its custom alerts help detect and report any deterioration in patient condition.
Speaking about the development, Hari Subramaniam, Founder & Director of LS Devices Pvt. Ltd, said,
“We have been assisting hospitals become smarter, more technologically advanced, with leaner infrastructure and at lower costs. As we continue to develop technologies that help in improving clinical outcomes, lesser code blues/oranges, better patient safety, drive positive change in the healthcare segment. We remain committed to innovation and excellence. The new fund entering the system will allow us to work more on technology and Human Resource to enhance the user experience, bring more efficiency in clinical data delivery, lower infrastructure spend, bring down cost of healthcare, benefitting the patient and providers.”
The firm claims to be the first company to bring cutting-edge remote monitoring solutions to India, with an exclusive set of 21 USA patents.
LifeSigns has collaborated with private and public government hospitals across India. With a presence in 48+ hospitals, its solutions are managing close to 5100+ beds deployed on 28000+ patients, including the largest private hospital chain and largest public hospital, helping them deliver better cost-efficient patient care with the most modern technology.
Recently, the Chennai-based healthtech startup partnered with Kerala-based Amala Hospital, a leading multi-disciplinary chain of hospitals, to launch a new and innovative smart ward with wearable wireless technology of LifeSigns.
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