Indian healthtech startup Clinics On Cloud has raised $12.5M in a Series A round led by Dubai-based Model42, a health and wellness growth platform backed by Enlightened Minds Investments. The funding values the company at $62.5M, according to the announcement.
Clinics On Cloud said it will use the capital to strengthen its artificial intelligence capabilities, expand research and development, and scale its network of connected micro-clinics.
The company plans to establish the UAE as its global operations hub as it expands into Africa, the United States and Southeast Asia. It also aims to build partnerships with healthcare providers and technology companies to support the deployment of medical screening tools and AI-powered applications.
Founded in 2018 in Pune, Clinics On Cloud develops connected medical devices, wellness lounges, mobile clinics and medical units. Its services combine preventive screening, AI-powered insights and telemedicine.
According to the company, it has deployed more than 3,500 units and delivered over 12 million medical screenings and surgical procedures across eight countries. Its customers and users include hospitals, government health centres, corporate facilities, rural communities and India’s defence institutions.
Founder and CEO Abhay Agarwal said the investment would support the company’s goal of making healthcare more accessible regardless of geography.
Source: Jawlah
