Healthtech startups ABI Health & Multiplier Solutions raises $1.5 Mn each in seed funding from Norwest Venture Partners


ABI Health and Multiplier provide innovative patient engagement and collaboration solutions to healthcare providers

Bengaluru-based ABI Health, part of AB Innovative and Hyderabad-based Multiplier Solutions has raised $1.5 Mn each in seed funding from Norwest Venture Partners.

Norway venture Partners has invested in startups with the intent of merging both entities and is likely to take place over the next 12-18 months.

Bangalore-based ABI Health was  founded in 2013 by Balaji Sundarajan and Ajit Veerappan. It provides a suite of healthcare products and services to healthcare providers.

Its solutions include Spectra cloud PACS, a HTML 5 DICOM viewer; Live Doctor, a tele-medicine application; HIT Integration Engine and Home health platform, for patient data capture. Services ofered include: Healthcare Application Development, Healthcare Consulting, Interoperability, Mobility Services, and Product Engineering.

Hyderabad-based Multiplier Solutions was also founded in the same year by Vikram Kumar and Saumya Prakash . The Hyderabad-based startup works with seven leading healthcare chains and pharmaceuticals companies in India, the UAE, Oman and Iraq. It offers a product platform that uses artificial intelligence and machine learning to provide improved diagnostics and predicts clinical outcomes to its users.

Also Read:  Reliance Infosystems announces partnership with RackNap to drive Microsoft cloud adoption in Africa

Mohan Kumar, Partner at Norwest Venture Partners said…

“This is part of our connected healthcare network vision, and we keep looking for innovative health tech startups.”

“Both, Multiplier and ABI provide innovative patient engagement and collaboration solutions to healthcare providers… Together, they provide a suite of products for connecting hospitals, laboratories, medical clinics, doctors and patients into a network,” he added.

Ajit Veerappan, founder and Managing Director, ABI Health said…

“We are moving away from the traditional markets, where you have your films or CDs, to the cloud and web, completely. There is no need for huge investments in hardware and software. We take care of the entire image management for a hospital or a network of hospitals.”

The managements of both companies have already started collaborating on various projects.