Artificial intelligence-based healthcare startup ekincare has secured $3.6 million in a Series A funding round led by a new investor. The round has also seen participation from existing investors like venture capital firm Venture East, Eight Roads Ventures and Hyderabad-based Touchstone Equities.
This latest funding takes the total capital raised by ekincare to $5.6 million. The startup helps companies efficiently administer benefits, optimise their healthcare spends and show health outcomes using its AI-based assistant.
The fresh capital will be used by the company to boost its technological platform, business development and marketing. The funds will further be utilized to expand its portfolio of offerings for the corporate health benefits market.
Kiran Kalakuntla, CEO and Founder, ekincare, said, “Our patent-pending technology recognises patterns across disparate health data sets, discerning differences between consumer segments and behaviour to engage people better.”
Srikanth Sundarajan, Partner at Venture East, stated, “The firm was confident in committing itself to ekincare because of the growth from its initial investment in terms of patient engagement, employer adoption and revenue growth.”
Founded by Kalakuntla and Srikanth Samudrala in 2014, ekincare helps firms create measurable wellness programmes and reduce healthcare costs.
