Product Name: Cardiotrack
Name of Organization: Uber Diagnostics
At the helm: Ashim Roy and Avin Agarwal
Year of Incorporation: 2013
Website: Uber Diagnostics
Vertical/Horizontal Play: Healthcare vertical
Innovation: As it became operational in 2012, Uber Diagnostics realized that lack of cardiac diagnostic facilities both in terms of expensive equipment and expertise at the family care level was making it difficult to provide good cardiac healthcare in India’s urban, rural and tier 2 cities. The ability to understand the output of the machines was another challenge as was the paucity of cardiologists. The company decided to develop an innovative solution that was low-cost, simple-to-use by a physician and whose output could be made available to a cardiologist or its Artificial Intelligence (AI) platform to get a quick and efficient diagnosis.
About the product: The company’s automated, disruptive healthcare diagnostics solution, Cardiotrack, uses AI, Machine Learning and Data Analytics to analyze the scans of ECGs to provide accurate predictive diagnosis and interpretation for faster cardiac intervention. It ensures that even if a cardiologist is not immediately available, an accurate diagnosis is done to save a life.
Journey so far: Ashim Roy and Avin Agarwal had a chance meeting that led the duo to discuss the gaps in the domain of cardiovascular diseases in India. The two decided to do something about it together and conceived the idea of the company. Initially, the organization faced many challenges including its inability to develop an in-house AI platform owing to lack of expertise, time and funding. It licensed a solution from a French company to deliver it at the ground level.
The company took a bank loan and after its clinical trials were over, went to overseas investors in Singapore to fund its venture.
Way forward: Uber is looking to develop its own AI once it can raise the necessary funds. It will set up its own R&D team for AI and expand its solution by adding the parameters of diabetes and hypertension. Uber will also look beyond India and target the US market.