The fund will come on board as a cofounder of the Gurgaon-headquartered startup alongside Ankur Jain, former chief product officer at BharatPe, and GV Sanjay Reddy, chairperson of Reddy Ventures.
The investment was concluded last week, for an undisclosed amount, Jain and Reddy told ET. They did not share the amount AI Fund has invested and the stake it acquired.
People aware of the development said Ng’s fund has acquired a 20-30% stake in the company founded in January this year.
“AI is transforming healthcare, and Jivi takes an important step toward more equitable, precise, and personalised care,” said Andrew Ng, managing general partner at AI Fund. “Ankur and team are at the forefront of this transformation and are developing accessible and intelligent tools. AI Fund is excited to advance this vision together with Jivi.”
Speaking to ET in August, Ng had said, “We seem to be fortunate to come across a lot of exciting opportunities to build valuable AI projects.”
He had further said India has a significant opportunity to build AI solutions to solve problems in particular sectors. “The biggest opportunity for India is to look at the sectors where the Indian economy is already strong and figure out the applications of AI to those sectors that enable it to maintain its advantages,” he had said.
Jivi’s AI products include a health assistant for consumers, which will make healthcare more accessible, and a copilot for doctors that will help ease the burden on the healthcare system, said Jain, chief executive of Jivi.
Reddy added that the aim is to keep the core of Jivi’s offerings available for free to the public, and that additional features will be developed to eventually help monetise the products.
Source: The Economic Times
#healthcarestartup #startup #dseide #healthcarefunding
The investment was concluded last week, for an undisclosed amount, Jain and Reddy told ET. They did not share the amount AI Fund has invested and the stake it acquired.
People aware of the development said Ng’s fund has acquired a 20-30% stake in the company founded in January this year.
“AI is transforming healthcare, and Jivi takes an important step toward more equitable, precise, and personalised care,” said Andrew Ng, managing general partner at AI Fund. “Ankur and team are at the forefront of this transformation and are developing accessible and intelligent tools. AI Fund is excited to advance this vision together with Jivi.”
Speaking to ET in August, Ng had said, “We seem to be fortunate to come across a lot of exciting opportunities to build valuable AI projects.”
He had further said India has a significant opportunity to build AI solutions to solve problems in particular sectors. “The biggest opportunity for India is to look at the sectors where the Indian economy is already strong and figure out the applications of AI to those sectors that enable it to maintain its advantages,” he had said.
Jivi’s AI products include a health assistant for consumers, which will make healthcare more accessible, and a copilot for doctors that will help ease the burden on the healthcare system, said Jain, chief executive of Jivi.
Reddy added that the aim is to keep the core of Jivi’s offerings available for free to the public, and that additional features will be developed to eventually help monetise the products.
Source: The Economic Times
#healthcarestartup #startup #dseide #healthcarefunding
The fund will come on board as a cofounder of the Gurgaon-headquartered startup alongside Ankur Jain, former chief product officer at BharatPe, and GV Sanjay Reddy, chairperson of Reddy Ventures.
The investment was concluded last week, for an undisclosed amount, Jain and Reddy told ET. They did not share the amount AI Fund has invested and the stake it acquired.
People aware of the development said Ng’s fund has acquired a 20-30% stake in the company founded in January this year.
“AI is transforming healthcare, and Jivi takes an important step toward more equitable, precise, and personalised care,” said Andrew Ng, managing general partner at AI Fund. “Ankur and team are at the forefront of this transformation and are developing accessible and intelligent tools. AI Fund is excited to advance this vision together with Jivi.”
Speaking to ET in August, Ng had said, “We seem to be fortunate to come across a lot of exciting opportunities to build valuable AI projects.”
He had further said India has a significant opportunity to build AI solutions to solve problems in particular sectors. “The biggest opportunity for India is to look at the sectors where the Indian economy is already strong and figure out the applications of AI to those sectors that enable it to maintain its advantages,” he had said.
Jivi’s AI products include a health assistant for consumers, which will make healthcare more accessible, and a copilot for doctors that will help ease the burden on the healthcare system, said Jain, chief executive of Jivi.
Reddy added that the aim is to keep the core of Jivi’s offerings available for free to the public, and that additional features will be developed to eventually help monetise the products.
Source: The Economic Times
#healthcarestartup #startup #dseide #healthcarefunding
