Bangalore-based Tricog Health Services has raised an undisclosed amount in Series A funding from Inventus Capital Partners, Blume Ventures and a host of angel investors. The money will be used to further develop technology and market reach.
Tricog Health was founded in January 2015 by a team of medical experts and technologists with an aim to help preserve people’s lives through technology.
As per Dr Charit Bhograj, DM (Cardiology), Founder and CEO of Tricog, “In India alone, 5 million people suffer heart attacks every year and 3 million of these don’t survive. The average time it takes to diagnose a heart attack in urban India is 360 mins. The chances of survival with this delay is a mere 20%. If this delay were reduced to 90 min, the survival probability jumps to 80%. Tricog’s aim is to change that patient’s 80% chance of death to an 80% chance of staying alive.”
Tricog’s solution involves installing a cloud connected ECG machine in primary and secondary care medical centres – clinics, polyclinics, nursing homes and hospitals. The moment a doctor takes a patient’s ECG, the information is sent to their centrally located hub where a qualified expert is available 24/7. So every time an ECG is performed with Tricog’s cloud-connected ECG device, a Tricog specialist interprets it and sends the report through an SMS as well as a message on their mobile app.
Since start of operations in February 2015, Tricog has expanded to close to 250 clinics, nursing homes and hospitals in 12 cities and towns, both urban and rural. This funding round will help Tricog expand to cover all major cities and towns during 2016-17.
The key to scaling the service are machine learning and signal processing algorithms that ease the interpretation task for the doctors. “Advanced algorithms and data visualization help our expert doctors, ensuring accuracy and speed. The next step would be to unleash the potential for the algorithm to be used in personal health devices and wearable devices.” said Dr Charit.
“Machine learning, and associated technologies, are increasingly being deployed for large, multidisciplinary, data intensive problems. The team we are backing at Tricog is amongst the most balanced we have come across at a Series A stage company. We look forward to partnering with the Tricog team to build a large and sustainable enterprise.” said Parag Dhol, Managing Director, Inventus.
Speaking about Tricog, Sanjay Nath, Managing Director of Blume says, “We were impressed by the very real pain point the experienced team at Tricog is solving – using technology to help save lives of patients facing cardiovascular disease. Tricog’s deep data and algorithm-driven platform, augmented by a communicator (a proprietary hardware device manufactured by them) can reach patients in urban areas, Tier II and III cities, and even remote locations. Blume is excited to partner with Dr Charit and the Tricog team in their journey to be a ‘virtual cardiologist’, providing real-time and accurate diagnoses, and timely cardiovascular care to potentially millions of Indians.”