Home India A startup founded by IIIT-Hyderabad alumni receives $69 million in funding

A startup founded by IIIT-Hyderabad alumni receives $69 million in funding

A startup founded by IIIT-Hyderabad alumni receives  million in funding

Investment group GEM Global Yield LLC has invested $69 million in BlueSemi. In less than 60 seconds, the business plans to introduce a health tech product that measures six vital signs, including glucose levels, electrocardiograms (ECGs), heart rates, blood pressure, and body temperature.

Key Highlight:

  • Investment group GEM Global Yield LLC has invested $69 million in BlueSemi.
  • The startup plans to release a health tech product in the next two months that checks six vitals, including blood glucose, ECG, heart rate, blood pressure, Spo2, and temperature, non-invasively in less than 60 seconds.
  • The product can be tested out at the company‚Äôs Experience Center in Hyderabad.

Investment group GEM Global Yield LLC has invested $69 million in BlueSemi, an incubated startup founded by Sunil Kumar Maddikatla, alumni of the International Institute of Information Technology, Hyderabad (IIIT-H).

The startup plans to release a health tech product in the next two months that checks six vitals, including blood glucose, ECG, heart rate, blood pressure, Spo2, and temperature, non-invasively in less than 60 seconds in less than two months.

As the CEO of BlueSemi, Sunil, explains, the product’s main selling point is that it is the size of a mobile phone and can be used by numerous people, making it a unique selling point.

The product can be tested out at the company’s Experience Center in Hyderabad. ‘ “Currently, it is only open to a select group of industry influencers. Bangalore, Delhi, and Mumbai are all ready to get their own Experience Centers shortly “The CEO of Bluesemi added to the statement.

Sunil argued that, even though Covid-19 has claimed many lives, the virus’s mortality rates pale compared to those of other common infections. Diabetes and other chronic health conditions, such as heart disease, kill many more individuals than they used to. Sunil cited data from the Indian government, which stated that Indians acquired an average of 8 kilos in the last year.

In the spirit of Ikigai, the Japanese concept of enhancing work and life, we began designing this technology,” he stated, citing Ikigai. According to IIIT-H alums, they developed the world’s first wireless and contactless thermal scanning device (SENS) that eliminates the need for human intervention in checking body temperatures, which is typically seen in the traditional hand-held thermal guns deployed at malls, offices, and other public spaces.

To help people who couldn’t get to a doctor, BlueSemi developed a piece of thermal scanning equipment that didn’t require any human intervention: SENS.

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3 COMMENTS

  1. […] A startup founded by IIIT-Hyderabad alumni receives $69 million in fundingInvestment group GEM Global Yield LLC has invested $69 million in BlueSemi. In less than 60 seconds, the Keeping up with the times, IITs accept stock donations from alumniIndian Institute of Technology, Delhi alumni, has contributed $1 million in business stock to the school. IITs and ICMR have partnered for Make-in-India product development and commercializationThe Indian Institutes of Technology (IITs) and the Indian Council of Medical Research (ICMR) have formed IIT Bombay is India’s top university, ranking 42 in QS Asia University Rankings 2022Today, Quacquarelli Symonds issued the 2022 QS Asia University Rankings. IIT Bombay earned a score of 71 out Labs at IIT Indore will be virtually accessible to students of other institutionsThanks to the institute, students from other academic institutions will be able to use IIT Indore’s modern IIT-Madras has set up an incubation cell modeled after Stanford UniversityThe Indian Institute of Technology-Madras incubation cell is based on the one at Stanford University. The IIT Delhi receives the Clarivate India Research Excellence Citation Award 2021Since 2004, Clarivate has identified and rewarded India’s most prominent research institutes and researchers IIT-Madras Researchers Park and St Andrews University are collaborating on renewable energyIn this project, the government of the United Kingdom is funding the dissemination of information and […]

  2. […] A startup founded by IIIT-Hyderabad alumni receives $69 million in fundingInvestment group GEM Global Yield LLC has invested $69 million in BlueSemi. In less than 60 seconds, the Keeping up with the times, IITs accept stock donations from alumniIndian Institute of Technology, Delhi alumni, has contributed $1 million in business stock to the school. IITs and ICMR have partnered for Make-in-India product development and commercializationThe Indian Institutes of Technology (IITs) and the Indian Council of Medical Research (ICMR) have formed IIT Bombay is India’s top university, ranking 42 in QS Asia University Rankings 2022Today, Quacquarelli Symonds issued the 2022 QS Asia University Rankings. IIT Bombay earned a score of 71 out Labs at IIT Indore will be virtually accessible to students of other institutionsThanks to the institute, students from other academic institutions will be able to use IIT Indore’s modern IIT-Madras has set up an incubation cell modeled after Stanford UniversityThe Indian Institute of Technology-Madras incubation cell is based on the one at Stanford University. The IIT Delhi receives the Clarivate India Research Excellence Citation Award 2021Since 2004, Clarivate has identified and rewarded India’s most prominent research institutes and researchers IIT-Madras Researchers Park and St Andrews University are collaborating on renewable energyIn this project, the government of the United Kingdom is funding the dissemination of information and […]

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