Accel, IDG lead $19M Series B round for SigTuple
Artificial Intelligence (AI) based health tech startup SigTuple has raised $19 million in its Series B round led by Accel Partners and IDG Ventures. Existing investors of the Bengaluru-based startup such as Endiya Partners, pi Ventures, Binny Bansal along with their new investors VH Capital, Axilor Ventures and Trifecta Capital, also participated in the round.
The fresh funds will be allocated for research and development, conducting clinical trials, products distribution and expanding its footprint into other markets. Besides, the startup is looking for a sales and support teams as well. Founded in 2015, SigTuple has built hardware and software using artificial intelligence technology to digitize pathological tests. The startup has developed a low-cost system for scanning blood, urine and semen samples, which uses AI to recognise microscopic images of blood cells. Using its own software, the machine can recognise blood samples to quantify normal and abnormal cells and to track sperm cells.