Investments, News

Attune Technologies Secures $10M Funding from Qualcomm and Norwest VP

Attune Technologies won Frost & Sullivan – 2015 India Healthcare IT Services Emerging Company of the Year Award. (Source)

Attune Technologies won Frost & Sullivan – 2015 India Healthcare IT Services Emerging Company of the Year Award. (Source)

Chennai based healthcare technology company, Attune Technologies has secured an amount of $10 million in Series B funding from Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and Norwest Venture Partners.

Raised investment will be used to fuel the company’s growth in India – where it currently offers a cloud based platform to over 200 hospitals, laboratories and clinics through 2500 centers with over 10 million patient records. It will also utilize the funds to accelerate its expansion into international markets like Africa, West Asia and South-East Asia. The company also aims to revolutionize healthcare by offering its software solution to 25,000 hospitals and labs across the globe in the next 3 years.

Founded in 2009 by Arvind KumarRamakrishnan VMohanaraj Paramagurusamy and Anand Gnanaraj, Attune Technologies is a healthcare information technology company that delivers an integrated cloud-based platform for healthcare delivery organizations. The platform interfaces with over 1100 devices such as lab analyzers and ICU machines to absorb labs into the health network. It can serve a single GP clinic up to a national HIS/EMR network.

In December 2010, the company had raised $6 million in its Series A funding from Norwest Venture Partners and $1 million from Singapore-based Angel Investors.

In September 2015, Qualcomm announced its plans of investing an amount of $150 million in Indian start-up companies across all stages as part of its commitment to India. Qualcomm Ventures will advise and direct Qualcomm’s activities with respect to these strategic investments. Attune Technologies is the first investment from this Strategic Fund.

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