Reveal HealthTech, a healthtech SaaS platform, has raised $4 million in seed funding from W Health Ventures.
The startup plans to use the raised capital to scale its operations, hire talent and develop its service suite, establish a wider customer base and shore up its foundational technology capabilities.
Reveal HealthTech | Healthtech SaaS Platform
Founded by Sanchit Mullick, Salim Afshar and Andrew Bravo, Reveal HealthTech offers specialized engineering, clinical model, and strategy support to healthcare organizations across the globe, especially in the US.
With its specialized healthcare talent and domain knowledge, the healthcare technology firm allows its clients to develop technology solutions without worrying about outsourcing or issues related to compliance with local norms.
Speaking about the development, Sanchit Mullick, Founder and CEO of Reveal HealthTech, said,
“… W Health Ventures’ global expertise and focus on the healthtech sector gives us an inside track on the challenges faced by the industry and will help accelerate our journey to being an industry-leading player in this domain.”
The healthcare technology firm claims to partner with 1.5 Lakh engineers who have built products for the US healthcare industry. Reveal HealthTech also claims to collaborate with senior technology talent in India and to have a ‘large specialized talent pool’ of US tech experts outside America.
Commenting on the development, Pankaj Jethwani, Partner at W Health Ventures, said,
“Reveal’s differentiated approach makes them the ideal player to catalyse the positive change towards a tech-driven healthcare ecosystem. We’re thrilled to partner with Sanchit and his leadership team, who possess extensive expertise in technology, healthcare strategy, and care delivery.”
W Health Ventures is a healthcare-focused VC firm that invests in US and India-based companies addressing critical unmet healthcare needs to improve care delivery by leveraging technology. Reveal HealthTech is its first investment in the healthcare technology services segment.
The healthcare SaaS segment is estimated to become a $3.5 Bn market opportunity by 2025, as per a report by Inc42. Last week, HealthPlix Technologies Pvt Ltd, which runs an artificial intelligence-based medical records platform, raised $22 million (around Rs 181 crore) in its Series C funding round.
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