India’s HiLabs raises $39m to clean up healthcare data via AI

HiLabs co-founders Amit Garg (left) and Neel Butala / Photo credit: HiLabs

Healthcare plans often drown in a flood of vital but messy data, which can come from various sources like doctor’s notes and lab results. It’s a common occurrence across the industry, making it hard to organize and analyze information efficiently.

This is where India-based HiLabs comes in. The AI-powered healthcare solutions company says that its MCheck technology can process and clean up clinical data 100 times faster than humans.

Founded by Amit Garg and Neel Butala, HiLabs has gained US$39 million in a series B investment round led by Eight Roads Ventures and Denali Growth Partners. F-Prime Capital also participated.

HiLabs runs AI and machine learning R&D centers in Pune and Bangalore, employing over 150 experts from reputable Indian institutions. Aside from further developing MCheck, the company also plans to use the new funds to expand its product team.

In a statement, Garg said HiLabs is entering the “next phase of growth.”

“We stand poised to propel our AI technology forward, empowering healthcare organizations to make swift, informed decisions based on data that’s not just clean, but readily available when it matters most,” he added.

India is seeing a rise in its healthtech market, which could reach US$35 billion by 2030 – a whopping 14x increase from 2022.

Eight Roads Ventures injected US$250 million into a dedicated fund for healthcare in India in May 2022.

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