Niramai, a Bangalore-based startup which uses Artificial Intelligence to screen for breast cancer, has received seed funding. Pi ventures along with Axilor Ventures, 500 Startups, Ankur Capital and Flipkart co-founder Binny Bansal participated in the funding round.
According to the company’s website, it has developed a new cancer screening software that uses machine intelligence over thermography images to enable a low-cost, easy to use, portable solution and requires minimal human supervision.
Two women founded the company last year — Geeta Manjunath and Nidhi Mathur. The solution they have developed will help women detect cancer five years before the lump even starts forming, says CEO Manjunath. Usually, women go for a check-up only when they can detect a lump in their breast.
Breast cancer is the leading cause of death from cancer among women in India.
The technology is an alternative to traditional mammography and emits no radiation, and needs no expensive equipment.
“I believe Niramai will enable easy adoption for early cancer screening and will play a key role in improving outcomes in our ongoing battle against breast cancer. I am delighted to support this initiative,” says Dr Kiran Mazumdar Shaw, Chairperson and MD of Biocon Ltd.
Happy to announce our fourth investment, Niramai, aiming to revolutionise early stage screening of breast cancer.…https://t.co/QHAucUq8sQ
— Manish Singhal (@manish_saarthi) April 24, 2017
“Mortality rates among breast cancer patients is very high in India. Our solution is portable, low-cost, very safe, privacy-sensitive and can detect cancer at a very early stage, making it very suitable for regular preventive health checkup as well as screening camps,” says Manjunath.
Also Read: Google Can Use Artificial Intelligence To Identify Breast Cancer