Confido Health, a healthtech startup, has successfully raised $3 million (approximately INR 25.5 crore) in its seed funding round, led by Together Fund.
The funding round also saw contributions from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and several other healthcare investors.
The company intends to utilize the new capital to enhance its AI technology stack and expand its reach across additional medical specialties, including surgery, orthopedics, dentistry, and pediatrics. Furthermore, Confido Health plans to accelerate its growth by pursuing strategic enterprise partnerships.
Founded in 2022 by Chetan Reddy and Vichar Shroff, Confido Health aims to alleviate administrative burdens for healthcare providers through AI-driven automation. The platform leverages AI-powered digital workers to handle tasks such as appointment scheduling, insurance verification, and care coordination. These digital workers can seamlessly integrate with existing healthcare systems in under five minutes via no-code deployment, facilitating comprehensive end-to-end task automation.
“When developing Confido Health, our focus was on addressing the real needs of healthcare providers: tools that go beyond task automation to fully assume the operational workload,” said Reddy.
Confido Health currently serves over 50,000 patients monthly across more than 50 locations.
This funding announcement comes amid a surge of activity in the healthtech space, as several startups have attracted significant investments recently. For example, Healthify, a Bengaluru-based healthtech company, raised an additional $20 million in its Pre-Series D round, bringing its total to $45 million in October. Similarly, in September, medtech company Qure.ai secured $65 million in a Series D round led by Lightspeed Venture Partners and 360 ONE Asset Management.
In August, SigTuple, a medtech startup, raised $4 million in an extended Series C round led by Sidbi Venture Capital to enhance its product offerings and support its expansion. That same month, Visit Health, an online healthcare service provider, raised INR 250 crore (approximately $29.8 million) from PB Fintech’s arm, Docprime Technologies, through a combination of capital infusion and secondary share purchase.
Health-tech unicorn Innovaccer, meanwhile, was reportedly in discussions with US-based insurer Kaiser Permanente for a potential funding round in the range of $200 million to $250 million, comprising both primary and secondary capital.
According to media reports, the health-tech startups raised over $7 billion across 886 deals between 2014 and H1 2024.
