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Heaps Health Solutions raises $7.45 million in Series A round

Mumbai: Artificial intelligence (AI)-driven healthtech startup Heaps Health Solutions has raised $7.45 million in Series A funding round led by NVS Wealth Managers.

Heaps, a network-as-a-service provider that offers AI-based patient engagement platforms to insurers, hospitals and corporations, said it plans to deploy the fresh capital for expanding its team, accelerate product development and optimisation, and to penetrate further into existing and newer markets.

“Heaps aims to revolutionise healthcare delivery and payment models at a global level,” its founder and CEO Suman Katragadda said. “We have taken utmost care, in securing the data privacy and confidentiality and we will be using the data, to turn them into actionable insights for payers, providers and patients.”

The company leverages advanced data analytics, artificial intelligence and machine learning (ML) to revolutionise healthcare delivery and payment models. It works with key stakeholders such as patients, payers (insurance companies), providers (hospitals) and large corporations.

The platform enables patient care management and coordination. Its ML and AI features enable customising care management plans for each patient or policyholder.

Heaps currently operates in India and the USA and has a strong pipeline of demand from other countries such as South Africa, Bangladesh and the UAE, it said in a release.

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“Heaps is one of the most high-tech, intelligent, comprehensive and scalable platforms in the healthcare sector and should create a large success story,” said Nalin Shah, managing director of NVS Wealth Managers.

“We are very impressed with their holistic strategy of leveraging advanced data analytics using AI and ML technology in building a well-calibrated, proven and globally scalable business model,” said Rajiv Dadlani from the Family Office of Rajiv Dadlani Group. “There is a large, inherent and unmet global need for Heaps’ SaaS platform amongst patients, insurance companies, hospitals and large corporates.”

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