Total amount raised
$48.9 Million
Latest funding date
08/01/2024
Location
SigTuple has successfully raised funding over eight rounds, with the latest being a Series C round. The company is backed by 19 investors, including Endiya Partners and SIDBI Venture Capital.
Keep reading to explore the intricacies of SigTuple's fundraising journey and the investors backing this innovative platform.
What Is SigTuple?
SigTuple is a private company based in Bangalore, Karnataka, India, specializing in building intelligent solutions for medical diagnosis using state-of-the-art machine learning techniques. The company operates in various industries, including Analytics, Artificial Intelligence, Big Data, Health Care, Machine Learning, and Software.
Founded in 2015, SigTuple has grown to employ between 101-250 people. The company has successfully raised funding over eight rounds, with the latest being a Series C round. SigTuple is backed by 19 investors, including Endiya Partners and SIDBI Venture Capital.
How Much Funding Has SigTuple Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of AI-driven solutions for medical diagnostics.
- Series A
- Amount Raised: USD 5.8 million
- Date: February 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale up operations and further develop AI-based diagnostic tools.
- Grant
- Amount Raised: USD 15,000
- Date: February 2018
- Lead Investors: NetApp Excellerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage innovation and product development.
- Series B
- Amount Raised: USD 19 million
- Date: June 2018
- Lead Investors: Accel, Chiratae Ventures, IDG Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product portfolio and enter new markets.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: June 2018
- Lead Investors: Trifecta Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional working capital for operational needs.
- Series C
- Amount Raised: USD 16 million
- Date: April 2019
- Lead Investors: iLabs Capital, Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product development and regulatory clearances.
- Series C
- Amount Raised: USD 4.3 million
- Date: March 2023
- Lead Investors: Accel, Endiya Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the product portfolio and market reach.
- Extended Series C
- Amount Raised: USD 4 million
- Date: August 2024
- Lead Investors: SIDBI Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support regulatory clearances, expand the product offering, and promote geographic expansion.
Total Amount Raised: Over USD 49.1 million. Current Valuation: Not publicly disclosed.
Key Investors
- SIDBI Venture Capital
- Details: SIDBI Venture Capital is a venture capital firm that focuses on funding small and medium enterprises (SMEs) in India. They led the recent extended Series C funding round for SigTuple.
- Investment Focus Areas: Technology, healthcare, manufacturing.
- Notable Investments: Specific notable investments are not mentioned.
- Endiya Partners
- Details: Endiya Partners is a venture capital firm that invests in early-stage startups. They have been consistent investors in SigTuple, participating in both the initial and extended Series C rounds.
- Investment Focus Areas: Healthcare, technology, consumer services.
- Notable Investments: SigTuple, Darwinbox, Kissht.
- Accel
- Details: Accel is a global venture capital firm that invests in seed, early, and growth-stage companies. They co-led the initial Series C round for SigTuple.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Facebook, Dropbox, Flipkart.
- Chiratae Ventures
- Details: Chiratae Ventures is a venture capital firm that invests in early and growth-stage technology companies. They were key investors in SigTuple's Series B round.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Myntra, Lenskart, CureFit.
- IDG Capital
- Details: IDG Capital is a global investment firm that focuses on private equity and venture capital. They participated in SigTuple's Series B round.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Xiaomi, Meituan, Tencent.
What's Next for SigTuple?
SigTuple stands on the brink of significant opportunities, driven by its recent funding and strategic plans. The company is poised to expand its geographical footprint into Europe and the Americas, leveraging its AI-driven diagnostic tools. This expansion, coupled with the launch of new products, positions SigTuple to capture a substantial share of the growing AI healthcare market.
Future fundraising rounds are likely as SigTuple continues to innovate and enter new markets. The company’s ability to attract strategic investors will be crucial in supporting its ambitious growth plans. However, navigating regulatory landscapes and competing with established players in the AI medical technology space will be challenging. Ensuring product reliability and scalability will be key to maintaining market trust and achieving long-term success.
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