Hyderabad, India-based HealthTech startup Confido has raised $3 million funding in seed round led by Together Fund and saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and several other healthcare operators.
Read also – bolttech Raises Series C Funding led by Dragon Fund to drive continued expansion
New financing will be used to develop and improve the company’s AI tech and grow in surgeries, orthopedics, dentistry, and pediatrics. Secondly, Confido plans to grow the organization through the formation of partnerships with all types of enterprises.
Read also – DITP Partners with renowned chef Wolfgang Puck
Chetan Reddy, CEO of Confido Health, said, “The US healthcare industry spends roughly $1 trillion on staffing, yet there is a shortage of 30 million workers in the country. That is a sharp problem that we have identified, and we are building a software product, what we call artificial intelligence (AI) digital workers, to fill this staffing gap. Whenever there is a need for workers, we plug in our (digital) workers who will perform those tasks related to administrative activities efficiently.”
Shubham Gupta, cofounder and general partner at Together Fund, said, “By building healthcare AI Agents to tackle complex administrative workflows and deliver tangible results, they (Confido Health) are poised to solve the workforce shortages and cost pressures, and become the essential infrastructure for modern healthcare operations.”
About Confido Health
Confido Health was founded in 2022 by Chetan Reddy and Vichar Shroff, Confido Health helps healthcare providers reduce administrative work and focus more on clinical work, enabling them to improve patient outcomes.
