Top 11 AI and ML startups in Healthcare Industry

June 29, 2022

Healthcare is a global industry with trillions of dollars in tow. In recent times, the healthcare business is amplifying through artificial intelligence (AI) and machine learning (ML). Due to the advent of AI and ML in the healthcare industry, the landscape has witnessed a radical transformation. There is a whole range of startups that are leading this transformation. Read on to know more...

11 AI and ML Startups in Healthcare Industry

Given below are the top 11 AI and ML startups in the healthcare industry

1.      Niramai (Niramai Health Analytix)

Niramai Health Analytix was founded in 2016 in Bengaluru, Karnataka. Niramai has developed an AI-based system called Thermalytix. Notably, Thermalytix uses artificial  intelligence along with a high-resolution thermal sensor that detects early-stage breast cancer. The core of the technology of Thermalytix is based on algorithms of machine learning. The AI-based medico-software device is affordable, portable and automated. It makes cancer screening feasible at a clinical level. 

2. was founded in 2016 in Mumbai. The company uses artificial intelligence to make affordable and accessible solutions for healthcare. platform uses algorithms in deep learning for interpreting the images provided by radiology and scans of the chest and head, and POQUS in a short time. also has solutions for controlling epidemic or pandemic outbreaks like COVID-19 and tuberculosis.

3.      HealthifyMe

HealthifyMe was founded in 2012 in Bengaluru, Karnataka. The company was founded with an objective to open up Indians to digital healthcare. HealthifyMe uses an AI-based VA-BOT (virtual assistant bot), Ria, which attends to user queries regarding health, nutrition and fitness. The bot can speak and text in 10 different Indian languages. Ria also provides dietary tips and tracks calorie intake using artificial intelligence.

4.      PharmEasy

PharmEasy was founded in 2015 in Mumbai, Maharashtra. The company has developed an application that connects users with the pharmacies near their respective residential areas. This app is smartphone-based and it connects subscribers and pharmacies on one platform where they also get their medical supplies delivered right to their homes.

PharmEasy uses many machine learning and big data tools, including libraries like Tensorflow and Kafka or Hadoop and Hive. There are more than 80,000 medical pharmacies all across 1200-plus cities in India registered with PharmEasy.

5.      SigTuple Technologies

SigTuple Technologies was founded in 2015 in Bengaluru. SigTuple has automated the manual analysis and review of all types of medical data using artificial intelligence. SigTuple mainly operates in pathology and ophthalmology. It also offers automated medical solutions like the digital microscope and an AI platform for handling all this medical data.

6.      OncoStem Diagnostics

OncoStem was founded in 2011 in Bengaluru, Karnataka. OncoStem Diagnostics integrates machine learning algorithms for analysing tumours’ aggressiveness and identifies the probability of recurrence over a period of five years. It also has a flagship product CanAssist, which uses the data of the support vector statistical models to assign risk scores to cancer. 

7.      Artelus

Artelus was founded in 2015 in Bengaluru, Karnataka. The healthcare tech start-up used deep learning for screening diabetic retinopathy. Artelus has 502 operation locations in India, Dubai and the U.S. Till now Artelus has screened 81,000-plus patients. The healthcare start-up has also developed an AI-powered contactless diabetic retinopathy screening system.  

8.      Tricog

Tricog was founded in Bengaluru, Karnataka in 2014. Its flagship products are InstaECG, a cloud-connected device for ECG analysis and InstaEcho, a cardiac product for quick and accurate ECHO diagnosis. Tricog has made its presence felt in 12-plus countries, assisting over 2,600 medical professionals, helping three crore patients and saving more than  90,000 lives. Tricog was also awarded the NASSCOM AI Game Changer Award in 2018. 

9.      Consure Medical

Consure Medical was founded in 2012 in New Delhi. Consure Medical is known for developing a technologically innovative platform for managing, diagnosing and treating various gastrointestinal disorders. It has multiple AI-enabled healthcare facilities that have simplified the otherwise complicated medical procedure. It comes as no surprise that Consure Medical is one of the topmost Indian healthcare AI companies. Consure provides solutions to hidden clinical needs. It has helped to improve clinical results, reduced healthcare costs and increased the coverage of services.

10.  CrelioHealth/LiveHealth

CrelioHealth, formerly LiveHealth, was founded in 2013 in Pune, Maharashtra. LiveHealth is a group of young techies who have made one of the best AI systems in healthcare diagnostics. The AI tool helps in managing your medical records in one place and digitalises your medical records as well. The company’s vision is to analyse all the medical data related to you at the healthcare ecosystem’s centre. It aims to connect healthcare providers and customers in one online environment.

11.  Lybrate

Lybrate was founded in 2014 in New Delhi, India. It is the first medical online platform for digital consultation from doctors. Lybrate offers an online app through which patients and doctors can connect for online consultation and also book laboratory tests.

The Final Word-

The infusion of technology has brought new and some radical changes to the healthcare sector over the years. Moreover, this journey will continue at a faster pace as more and more companies are entering this space. In a nutshell, the future of this industry looks promising. 

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Cloud GPUs are typically more powerful than on-premises GPU instances. The cost of renting a cloud GPU is generally lower than the cost of purchasing an on-premise GPU. 

Cloud platforms offer fast access to high performance compute and deep learning algorithms, which makes it simpler to start using machine learning models and get early insights into your data. 

Cloud GPUs are better for machine learning because they have lower latency, which is important because the time it takes a neural network to learn from data affects its accuracy. Furthermore, cloud GPUs allow users to take advantage of large-scale training datasets without having to build and maintain their own infrastructure.

On Premises GPUs are better for machine learning if you need high performance or require access to cutting-edge technologies not available in the public cloud. For example, on-premises hardware can be used for deep learning applications that require high memory bandwidth and low latency.

Cloud GPUs: Cloud GPUs are remote data centers where you can rent unused GPU resources. This allows you to run your models on a massive scale, without having to install and manage a local machine learning cluster.

Lower TCO: Cloud GPUs require no upfront investment, making them ideal for companies that are looking to reduce their overall capital expenses. Furthermore, the cost of maintenance and upgrades is also low since it takes place in the cloud rather than on-premises.

Scalability & Flexibility: With cloud-based GPU resources, businesses can scale up or down as needed without any penalty. This ensures that they have the resources they need when demand spikes but also saves them money when there is little or no demand for those resources at all times.

Enhanced Capacity Planning Capabilities: Cloud GPU platforms allow businesses to better plan for future demands by providing estimates of how much processing power will be required in the next 12 months and beyond based on past data points such as workloads run and successes achieved with similar models/algorithms etc... 

Security & Compliance : Since cloud GPUs reside in a remote datacenter separate from your business' core systems, you are ensured peace of mind when it comes to security and compliance matters (eigenvector scanning / firewalls / SELinux etc...) 

Reduced Total Cost Of Ownership (TCO) over time due to pay-as-you-go pricing model which allows you only spend what you actually use vs traditional software licensing models where significant upfront investments are made.

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Impact of the Strong Dollar: Cloud Costs Increasing, Be Indian Buy Indian

Indian SMEs and startups are feeling the effects of the high dollar. These businesses use hyperscalers(MNC Cloud) who cannot modify their rates to account for the changing exchange rate. For certain companies, even a little shift in the currency rate may have a significant effect on their bottom line. Did you know, when the INR-USD exchange rate moved from 60 to 70 in December 2015, it had an impact of around 20% on Digital Innovation?

As the rupee is inching closer to 82 per dollar, the strong dollar has directly impacted the costs of cloud services for Indian businesses. The high cost of storage and computing power, along with bandwidth charges from overseas vendors, has led to a huge increase in the effective rate of these services. This is especially true for startups and SMEs that rely on cloud computing to store and process user data. With the strong dollar continuing to impact the cost of cloud services, it is essential for Indian companies to evaluate their options and adopt local alternatives wherever possible. This blog post will discuss how the strong dollar impacts cloud costs, as well as potential Indian alternatives you can explore in response to this global economic trend. 

What is a Strong Dollar?

A strong US dollar($) is a term used to describe a situation where a US’s currency has appreciated in value compared to other major currencies. This can be due to a variety of factors, including interest rate changes, a country’s current account deficit, and investor sentiment. When a currency appreciates, it means that it is worth more. A strong dollar makes imports more expensive, while making exports cheaper. Strong dollars have been a growing trend in the past couple of years. As the US Federal Reserve continues to hike interest rates, the dollar strengthens further. The rising value of the dollar means that the cost of cloud services, especially from hyperscalers based in the US, will rise as well. 

Increase in Cloud Costs Due to Strong Dollar

Cloud services are essential for modern businesses, as they provide easy access to software, storage, and computing resources. Cloud services are delivered over the internet and are typically charged on a per-use basis. This makes them incredibly convenient for businesses, as they can pay for only the resources they actually use. Cloud computing allows businesses to scale their resources up or down, depending on their current business needs. This makes it suitable for startups, where demand is uncertain, or large enterprises with global operations. Cloud computing is also inherently scalable and allows businesses to quickly react to changing business needs. Cloud computing is a very competitive industry and providers offer attractive prices to attract customers. However, these prices have been impacted by the strong dollar. The dollar has strengthened by 15-20% against the Indian rupee in the last few years. As a result, the costs of services such as storage and bandwidth have increased for Indian companies. Vendors charge their Indian customers in Indian rupees, taking into account the exchange rate. This has resulted in a significant rise in the costs of these services for Indian companies.

Why are Cloud Services Becoming More Expensive?

Cloud services are priced in US dollars. When the dollar is strong, the effective price of services will be higher in Indian rupees, as the cost is not re-adjusted. There are a couple of reasons for this price discrepancy. First, Indian customers will have to pay the same prices as American customers, despite a weaker Indian rupee. Second, vendors have to ensure that they make a profit.

Possible Indian Alternatives to Cloud Services

If you're looking for a cost-effective substitute for services provided by the U.S.-based suppliers, consider E2E Cloud, an Indian cloud service provider. When it comes to cloud services, E2E Cloud provides everything that startups and SMEs could possibly need.

The table below lists some of these services and compares their cost against their US equivalents. 

According to the data in the table above, Indian E2E Cloud Services are much cheaper than their American equivalents. The difference in price between some of these options is substantial. When compared to the prices charged by suppliers in the United States, E2E Cloud's bandwidth costs are surprisingly low. Although not all E2E Cloud services will be noticeably less expensive. Using Indian services, however, has an additional, crucial perk: data sovereignty.


The price of cloud services will rise as the US Dollar appreciates. Indian businesses will need to find ways to counteract the strong dollar's impact on their bottom lines. To do this, one must use E2E Cloud. The availability of E2E Cloud services in INR currency is a bonus on top of the already substantial cost savings. An effective protection against the negative effects of a strong dollar.

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Actions CEOs can take to get the value in Cloud Computing

It is not a new thing to say that a major transition is on the way. The transition in which businesses will rely heavily on cloud infrastructure rather than having their own physical IT structure. All of this is due to the cost savings and increased productivity that cloud technology brings to these businesses. Each technological advancement comes with a certain level of risk. Which must be handled carefully in order to ensure the long-term viability of the technology and the benefits it provides.

And CEOs are the primary motivators and decision-makers in any major shift or technological migration in the organization. In the twenty-first century, which is a data-driven century, it is up to the company's leader to decide what and how his/her organization will perform, overcome the risk and succeed in the coming days.

In this blog, we are going to address a few of the actions that CEOs can take to get value in cloud Computing.

  1. A Coordinated Effort

As the saying goes, the more you avoid the risk, the closer it gets. So, if CEOs and their management teams have yet to take an active part or give the necessary attention that their migration journey to the cloud requires, now is the best time to start top-team support for the cloud enablement required to expedite digital strategy, digitalization of the organization, 

The CEO's position is critical because no one else can mediate between the many stakeholders involved, including the CIO, CTO, CFO, chief human-resources officer (CHRO), chief information security officer (CISO), and business-unit leaders.

The move to cloud computing is a collective-action challenge, requiring a coordinated effort throughout an organization's leadership staff. In other words, it's a question of orchestration, and only CEOs can wield the baton. To accelerate the transition to the cloud, CEOs should ask their CIO and CTO what assistance they require to guide the business on the path.

     2. Enhancing business interactions 

To achieve the speed and agility that cloud platforms offer, regular engagement is required between IT managers and their counterparts in business units and functions, particularly those who control products and competence areas. CEOs must encourage company executives to choose qualified decision-makers to serve as product owners for each business capability.

  1. Be Agile

If your organization wants to benefit from the cloud, your IT department, if it isn't already, must become more agile. This entails more than simply transitioning development teams to agile product models. Agile IT also entails bringing agility to your IT infrastructure and operations by transitioning infrastructure and security teams from reactive, "ticket-driven" operations to proactive models in which scrum teams create application programme interfaces (APIs) that service businesses and developers can consume.

  1. Recruiting new employees 

CIOs and CTOs are currently in the lead due to their outstanding efforts in the aftermath of the epidemic. The CEOs must ensure that these executives maintain their momentum while they conduct the cloud transformation. 

Also, Cloud technology necessitates the hire of a highly skilled team of engineers, who are few in number but extremely expensive. As a result, it is envisaged that the CHRO's normal hiring procedures will need to be adjusted in order to attract the proper expertise. Company CEOs may facilitate this by appropriate involvement since this will be critical in deciding the success of the cloud transition.

  1. Model of Business Sustainability 

Funding is a critical component of shifting to the cloud. You will be creating various changes in your sector, from changing the way you now do business to utilizing new infrastructure. As a result, you'll have to spend on infrastructure, tools, and technologies. As CEO, you must develop a business strategy that ensures that every investment provides a satisfactory return on investment for your company. Then, evaluate your investments in order to optimise business development and value.

  1. Taking risks into consideration 

Risk is inherent in all aspects of corporate technology. Companies must be aware of the risks associated with cloud adoption in order to reduce security, resilience, and compliance problems. This includes, among other things, engaging in comprehensive talks about the appropriate procedures for matching risk appetite with technological environment decisions. Getting the business to take the correct risk tone will necessitate special attention from the CEO.

It's easy to allow concerns about security, resilience, and compliance to stall a cloud operation. Instead of allowing risks to derail progress, CEOs should insist on a realistic risk appetite that represents the company plan, while situating cloud computing risks within the context of current on-premises computing risks and demanding choices for risk mitigation in the cloud.


In conclusion, the benefits of cloud computing may be obtained through a high-level approach. A smooth collaboration between the CEO, CIO, and CTO may transform a digital transformation journey into a profitable avenue for the company.

CEOs must consider long-term cloud computing strategy and ensure that the organization is provided with the funding and resources for cloud adoption. The right communication is critical in cloud migration: employees should get these communications from C-suite executives in order to build confidence and guarantee adherence to governance requirements. Simply installing the cloud will not provide value for a company. Higher-level executives (particularly the CEO) must take the lead in the digital transformation path.

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