IIT Madras-incubated Plenome Technologies raises ₹6.5 crore in seed funding
The investors include Ovington Capital Partners, a Luxembourg-based investment firm, which has taken on the mantle of lead investor; AADI, an UAE-based firm that specialises in trading and distribution of plant, machinery, and capital equipment; and Manish Gandhi, who has previously invested in iconic startups, ranging from ePlane and CynLr to GoStop, LegalKart, and Fermbox.
Founded by IIT Madras faculty Prabhu Rajagopal, a Shanti Swarup Bhatnagar awardee, Plenome addresses the challenge of developing digital applications that can protect the privacy of users and security of records, while ensuring interoperability across organisations, geographies, and smooth operations at scale. The co-founders are: IIT Madras MS (Entrepreneurship) student Vijayaraja Rathinasamy, an embedded systems expert, and IIT Madras Graduate Anirudh Varna, a blockchain expert.
The startup emerged from Mr. Rajagopal's research group on Automation and Data Engineering at IIT Madras' Center for Nondestructive Evaluation. Plenome's BlockTrack 'OraganEase solution' for managing sensitive organ donation databases is already being deployed in trial runs in partnership with the apex body for organ transplants in a South Indian State.
Plenome is also pioneering a novel pay-per-use model for conducting remote elections in large organisations, using its record-setting blockchain-based 'BlockVote' software. This software was already successfully deployed for the IIT Madras student elections.
Additionally, Plenome is conducting trial runs of 'Ashwin', a suite of AI-powered electronic data capture, record maintenance, and insight generation platforms in the dental specialisation within healthcare, and is seeking to extend this to eyecare, cosmetic, and fertility segments. Ashwin offers voice-enabled electronic data capture through input in several Indic and foreign languages.
Prabhu Rajagopal, founder-chairman, Plenome Technologies, and faculty, Department of Mechanical Engineering, IIT Madras, said, 'Our work improves access to healthcare in remote locations while enabling interoperability and insight generation based on structured medical records. Our work on remote elections is very exciting, offering the possibility of voting through mobile devices from any location.'
Vijayaraja Rathinasamy, co-founder of Plenome, said, 'At Plenome, we are driven by the conviction that technology should be purposeful and inclusive, reaching those at the margins and delivering outcomes that are tangible, equitable, and sustainable.' Anirudh Varna, co-founder of Plenome, added, 'By decentralising critical systems, from healthcare diagnostics to secure voting, we are putting power directly into people's hands. We are looking forward to scale our Ashwin and BlockVote platforms globally.'
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