Yuga Labs, a leading AI-driven healthcare technology company, recently announced the successful closing of its $16 million Series A funding round led by TwelveFold, a venture capital firm. The funding round was also joined by existing investors such as Sequoia Capital India, Lightspeed India Partners, and Beenext.
Yuga Labs was founded in 2018 with the mission to make healthcare more accessible and affordable for everyone. The company has developed an AI-driven platform that helps healthcare providers and patients make better decisions about their health. The platform uses natural language processing and machine learning to analyze medical data and provide insights to healthcare providers.
The new funding will be used to expand the company’s product offerings and strengthen its presence in the healthcare industry. It will also be used to accelerate the development of its AI-driven platform and to hire more talent.
Yuga Labs CEO, Prashant Singh, said that the new funding will help the company reach its goal of becoming the leading AI-driven healthcare technology company in India. He added that the company is committed to making healthcare more accessible and affordable for everyone and that the new funding will help them achieve this goal.
The TwelveFold team is excited to be part of Yuga Labs’ journey. The venture capital firm believes that Yuga Labs is well-positioned to become a leader in the healthcare industry and that its AI-driven platform will revolutionize the way healthcare is delivered.
Yuga Labs’ success is a testament to the potential of AI-driven technology in the healthcare industry. With the new funding, the company is well-positioned to become a leader in the industry and to make healthcare more accessible and affordable for everyone.
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