Endimension Technology raises Rs 6 crore in Pre-Series A round, ET HealthWorld

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Mumbai: Endimension Technology has raised Rs 6 crore in a Pre-Series A round led by Inflection Point Ventures. Other investors in this round include Sucseed Indovation, SINE IIT Bombay and individual angel investors.

The funds will be utilised to fuel artificial intelligence (AI) research and development, team expansion, and software enhancement. These strategic investments aim to bolster their market position, accelerate growth, and establish Endimension as an industry leader.

Ivy Chin, Partner, Inflection Point Ventures, said, “The Indian radio-diagnosis market, growing at a CAGR of 15+ per cent over the last decade, has got a lot of focus on equipment & infrastructure. The under-stated need is that of qualified professionals, ie radiologists, to manage this burgeoning demand. There has been growth across tier I, II & III for equipment, but the availability and prohibitive costs of trained radiologists exacerbates the problem of demand outstripping supply situation.

Endimension focuses on leveraging AI to facilitate faster assessment and diagnosis, employing generative AI to streamline report generation and reduce the time required by radiologists. IPV is confident that this investment will contribute towards the betterment of the industry”.

The global market for AI in medical imaging is expected to grow significantly in the coming years. In 2024, the market size is estimated to be around $5.86 billion and is projected to reach $20.40 billion by 2029, with a compound annual growth rate (CAGR) of 28.32 per cent (Ref: Mordor Intelli). This growth is driven by the increasing demand for early and accurate diagnosis, the rising awareness about chronic diseases requiring imaging services, and the growing adoption of AI technologies in healthcare.

Capitalising on this, the startup has established itself as an end-to-end AI platform for radiology diagnosis, distinguished by its seamless integration, multiple customisation options, and ability to diagnose a wide range of conditions with precision, leading to improved patient outcomes. Endimension’s platform has processed over one million scans to date and is currently deployed in 400 hospitals and diagnostic centres across multiple regions, enhancing their accessibility.