Latest news with #SumanSingh
Entrepreneur
a day ago
- Business
- Entrepreneur
iTuring.ai, Pristyn Care, and Olto Raise Funding for Growth
The below brands have announced their latest funding rounds. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Secures USD 5 Mn to Expand AI Platform for BFSI Sector Bengaluru-based enterprise AI firm has raised USD 5 million in a Series A funding round led by Dallas Venture Capital and Mela Ventures. This follows a prior investment of USD 1.19 million in the same round from SenseAI and Pentathlon Ventures, with additional support from Ghosal Ventures. Founded in 2018 by Suman Singh, Amit Kumar, Mohammed Nawas, and Srivalsan Ponnachath, offers a proprietary, zero-code platform tailored to the needs of the banking, financial services and insurance sector. The startup plans to use the funds to accelerate the rollout of this platform, which enables institutions to automate each stage of data science and machine learning processes. "Our vision from day one was to empower financial institutions to automate the full lifecycle of AI model development, deployment, and governance with a transparent, explainable, and audit-ready solution," said Suman Singh, founder and CEO of platform addresses the complex regulatory and operational requirements of the BFSI industry. It integrates automation across data preparation, model development, deployment, and ongoing monitoring within a single, compliant framework. The platform currently serves clients in India, South Africa, and the United States. In the US, it has formed a strategic alliance with a leading global payment platform to support revenue growth and reduce operational costs. Clients in the BFSI sector have reported faster project execution and a notable decrease in manual work, along with measurable improvements in predictive accuracy, according to the company. Pristyn Care Bags USD 4 Mn to Expand Hospital Network Pristyn Care, a healthcare provider focused on surgeries, has raised USD 4 million in a new funding round aimed at expanding its owned hospital network. The investment comes from existing backers Peak XV Partners and Hummingbird Ventures, according to company sources and regulatory documents reviewed by Entrackr. The company's board recently approved the issue of 34,280 Series E1 compulsorily convertible preference shares at a price of INR 10,038.16 each. This share price matches the previous round, indicating that Pristyn Care's valuation remains unchanged. This funding is part of a broader plan, as the company is reportedly in discussions to raise up to USD 100 million from both new and current investors. To support future fundraising and expansion, Pristyn Care has increased its authorised capital. In recent months, the company has opened eight new hospitals, bringing its operational footprint to around 200,000 square feet with approximately 450 beds. The firm plans to double this capacity by December 2025 with more than 10 additional hospitals in the pipeline. For the fiscal year ending March 2024, Pristyn Care reported a 30 percent rise in operating revenue to INR 600 crore. Losses for the period remained stable at INR 381 crore. AI Startup Olto Raises USD 5.1 Mn San Francisco-based AI startup Olto has secured USD 5.1 million in a pre-seed funding round led by Nexus Venture Partners and The General Partnership. The round also drew participation from Afore Capital, Recall Capital, Ligature, FirstHand, and several prominent founders and technology leaders. Olto aims to streamline the B2B sales process by using artificial intelligence to automatically generate context-aware demo environments and interactive product tours. Its platform enables sales teams to deliver tailored experiences across live calls, outbound messages, and inbound leads, eliminating the need for manual setup. The company was founded by former Amazon executives Kintan Brahmbhatt and Jean-Baptiste Chaput, along with founding engineer Pranav Midha. Brahmbhatt, who co-founded Amazon Music and led Amazon's podcasting division, is also known for co-inventing Prime Video's X-Ray feature. "At Amazon, we pioneered just-in-time personalisation to change the way consumers engage with media," said Brahmbhatt, who now serves as Olto's CEO. "With Olto, we're bringing that same magic to B2B software." Olto's AI-native platform integrates directly with customer relationship management systems and live products, enabling teams to create highly personalised demos. According to the company, the platform reduces demo preparation time by up to 80 percent while increasing conversion rates.
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Business Standard
a day ago
- Business
- Business Standard
AI platform iTuring raises $5 million Series A for financial services push
an artificial intelligence and machine learning platform targeting the banking and insurance sectors, has secured $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures. The enterprise-grade platform, formerly known as CyborgIntell, develops AI solutions specifically for banking, financial services, and insurance companies. The capital will help iTuring expand its footprint in the BFSI sector, where demand for AI-powered solutions continues to grow as financial institutions seek to automate processes and enhance customer experiences through machine learning capabilities. The new capital will also be directed towards advanced product development and expansion of the US team. 'This funding allows us to accelerate our mission and bring AI-driven ROI to our clients faster,' said Suman Singh, founder and chief executive of iTuring. 'We are now focused on building autonomous, agentic AI to solve last-mile challenges in customer acquisition, collections, underwriting, and fraud prevention.' The platform addresses the sector's complexity by integrating advanced automation for data preparation, feature engineering, model development, deployment, and ongoing monitoring. This is done all within a unified environment that meets the sector's demanding regulatory and audit requirements. The company delivers its AI and ML platform to clients across India, South Africa, and the United States. In the US, it has established a strategic partnership with one of the world's leading payment platforms, enabling them to drive customer revenue growth and realise significant cost savings. 'The team is compressing months of data-science effort into hours. They are doing it through a true no-code, enterprise-grade AutoML and decision-AI platform,' said Gokul Dixit, Partner at Dallas Venture Capital. 'We believe this 'AI-as-a-decision-fabric' theme will define the next decade of enterprise software and we are thrilled to partner with iTuring.' The DVC Advantage Programme will connect to a global network of advisors, partners, and new market opportunities, while Mela Ventures brings deep enterprise expertise and hands-on guidance in scaling operations and business development. Together, these partnerships are set to amplify proven impact, accelerating innovation and expanding the reach of its compliant, explainable AI solutions across the financial sector. 'We believe some of the most valuable AI companies of the next decade would differentiate themselves on vertical specialisation, being deeply embedded in workflows, solving high-impact and domain-specific problems,' said Parthasarathy NS, managing partner at Mela Ventures. 'The BFSI sector's complexity, regulatory intensity, and data richness make it the perfect proving ground for domain-trained AI systems.'
Indian Express
2 days ago
- Health
- Indian Express
Efforts on to reopen GMSH-16 drug de-addiction centre closed for 5 years
The Chandigarh administration has once again initiated efforts to reopen the drug de-addiction centre at Government Multi-Specialty Hospital (GMSH), Sector 16, which has remained closed for the last five years. The health department has been asked to make arrangements, but due to a shortage of psychiatrists, the centre is yet to become operational. According to Dr Suman Singh, Director of Health Services, a proposal has already been sent to the administration for the recruitment of two psychiatrists. She mentioned that the department currently has only two psychiatrists who are already overloaded with patient cases, making it impossible to run the de-addiction centre with the existing staff. Therefore, additional dedicated staff is essential. This de-addiction centre at GMSH was first opened around 10 years ago but had to be shut during the Covid-19 pandemic when the facility was converted into a Covid care centre. Since then, the lack of psychiatrists and other staff has prevented its reopening. The facility is equipped with 10 beds, but to operate efficiently, it requires 24×7 staff, including psychiatrists and clinical psychologists. As only two psychiatrists are available for all psychiatric and addiction cases, managing the high patient load from the entire region is a challenge. Drug and alcohol abuse remain a major issue in this region, contributing to the rising number of addiction patients. Despite the rising numbers, PGI remains the only public institution offering full-scale addiction treatment, while GMCH-32 and GMSH-16 offer basic psychiatric services. In 2023, PGI's Drug De-addiction and Treatment Centre recorded 36,683 OPD visits, 12,570 from Chandigarh and 24,112 from neighbouring states. Approximately 246 patients were admitted for inpatient treatment, with a significant number from Punjab. In Punjab, the highest use is of opioids, with synthetic drugs now also being used more frequently. Subodh B N, Additional Professor, Department of Psychiatry, PGI, says that a decade ago, 80 per cent of cases were of alcohol dependency. Still, now the percentage is 50, as the use of opioids and cannabis has increased, with PGI offering patients Opioid Substitution Therapy. Doctors stress that without dedicated staff and proper infrastructure, the situation will continue to push patients toward unregulated private de-addiction centres, especially in Punjab. Reopening GMSH's de-addiction centre remains a critical need, but hiring qualified professionals continues to be a major hurdle.
Indian Express
05-07-2025
- Health
- Indian Express
2 dengue cases in Chandigarh, admin begins efforts to control mosquito breeding
The onset of monsoon brings with itself several mosquito-borne diseases like malaria and dengue fever, gastrointestinal and liver infections, respiratory and skin diseases, with the primary cause being contamination of water and food. According to Dr Suman Singh, Director of Health Services, Chandigarh Administration, several activities to control breeding are underway across the city, be it house-to-house surveys for water stagnation, collection of unclean water, leakage in water pipes etc. 'So far, apart from flu cases, only two cases of dengue have been reported in Chandigarh. Sprays for mosquito control and fogging have also been started,' Singh said, adding that show-cause notices and challans are being issued to offices, establishments, buildings who do not adhere to measures to control mosquito breeding. Dr Rakesh Kochhar, former head, department of gastroenterology, PGIMER, Chandigarh, explained that waterborne intestinal infections occur due to mixing of faeces and urine of humans and animals with drinking water, be it ground water or tap water supply, or food. Such infections include cholera, typhoid, bacillary dysentery, E. coli infection, and viral gastroenteritis. 'These infections can cause diarrhoea, abdominal pain, vomiting with or without fever. Partaking roadside cut fruit or street food and juice or other liquids can cause gastroenteritis. In a hot and humid climate bacteria in dairy products, poultry and meats can multiply rapidly, causing serious illness,' he explained. Contaminated water can also cause jaundice due to hepatitis A and E viruses, while malaria and dengue are spread by parasites transmitted through mosquitoes which multiply in stagnant water. Kochhar suggested avoiding roadside juice, shakes, cut fruit and chutney, undercooked and stale food, foods with cream, curd, cheese and mayonnaise, and chicken, fish and meat which is not stored at a proper temperature. 'If a person has a high fever or the fever that lasts beyond 48 hours, please consult a specialist. Ensure clean water for drinking, wash hands before eating food, eat fresh food, raw non-vegetarian food should be frozen, do not eat roadside cut fruit juices, shakes and smoothies. Have oral rehydration solution, packaged lassi, coconut water, boiled water and have vaccination for typhoid and Hepatitis A,' Kochhar recommended.
Indian Express
23-06-2025
- Health
- Indian Express
As NCDs continue to burden public health, Chandigarh health dept drive aims 100% screening
Under the National Programme for Prevention and Control of non-communicable diseases (NCDs), the mandate is to ensure 100 per cent screening of all 30 years plus population for diseases like diabetes, hypertension, oral, breast and cervical cancers. As early identification and action are vital for prevention, the Health Department of Chandigarh is organising population-based and opportunistic screening for individuals above 30 years of age in the health and wellness centres, and other facilities in Chandigarh, with a major footfall for NCD screening seen at the centres, with free tests, medicines and follow-up. The mass screenings are done as the NCDs are affecting every age group, thereby becoming a major public health concern. 'Apart from NCDs, we also focused on TB and HIV testing. This drive enhanced public awareness and encouraged maximum community outreach, including door-to-door visits of front-line workers to increase coverage,' Dr Suman Singh, director, Health Services, said. The screening target of hypertension and diabetes was 4,51,030, and the screening achievement was 102.76 per cent for hypertension and 102.89 per cent for diabetes. 'As part of the NCD data calculated till now, as many as 49,130 people, which is 10.6 per cent of the target, were diagnosed as hypertensive, and 31,558 or 6.8 per cent were diagnosed diabetic on screening and have been put on treatment,' Singh shared. Diabetes has assumed epidemic proportions, with India now known as the diabetes capital of the world. The risk of diabetes is increasing rapidly, even in young people, with many diagnosed between the ages of 20 and 40, Dr Ashu Rastogi, Associate Professor, Department of Endocrinology, PGIMER said. This is unlike Western countries, where diabetes typically manifests after the age of 60. The reasons for this include a genetic predisposition and lifestyle factors like modern-day stress, a sedentary routine, reliance on fast food, and a lack of regular exercise. 'One in every four new diabetes patients is below 40 years of age. Apart from an unhealthy diet, lack of sleep, and inadequate physical activity are also contributing to the high numbers,' Rastogi added. Hypertension (HTN) or high blood pressure, explained Rajesh Vijayvergiya, Department of Cardiology at PGIMER, is a term when the individual's blood pressure is more than 140 mmHg systolic and or more than 90 mmHg diastolic blood pressure. For an adult individual, the blood pressure should be less than 140/90mmHg. 'A high prevalence of HTN in urban populations is because of certain unhealthy lifestyles adopted by urbanites, such as lack of physical activity, obesity, increased salt intake by consuming junk and canned foods, and smoking and alcohol consumption, which increase the prevalence of diabetes and increase stress,' Vijayvergiya highlighted. Most often, HTN does not cause any symptoms and is also known as a silent killer. There are a few symptoms, such as persistent headache, blurring of vision, tiredness, dizziness or spontaneous bleeding from the nose or within the eye, which can suggest underlying high blood pressure. 'Everyone should have his/her blood pressure measured once at the age of 18-20 years, and then to be repeated every 5 years to make an early diagnosis of high blood pressure. Obesity, lack of physical activities/exercise, increased salt and alcohol intake, smoking, high consumption of salt-rich food such as junk and packed foods, pickles, sauces, processed cheese, frozen meals etc, advanced age and genetic susceptibility are a few of the risk factors for HTN,' Vijayvergiya underscored. The expert added that HTN is one of the major risk factors for cardiovascular diseases such as heart attacks, heart failure, brain strokes, lower limb claudication, loss of vision etc. 'To manage HTN, decrease your body weight to achieve a body mass index (BMI) of less than 25 kg/m2. Good food habits include low salt intake (less than 5 g/day), stop smoking and alcohol consumption; increase intake of fruits, vegetables and pulses; and avoid salt-rich food,' Vijayvergiya recommended.
