Company Research Report: Dozee
Company Overview
Name: Dozee
Mission: To enhance patient safety through continuous and contactless vital monitoring, leveraging AI technology for early warning systems and comprehensive medical data security.
Founded: 2015
Founders: Mudit Dandwate and Gaurav Parchani
Key People:
- Mudit Dandwate (CEO and Co-founder)
- Gaurav Parchani (Co-founder)
- Romit Shankar (Head of Product)
- Amar Dani (Head of Data Science)
- Devaiah Somayanda (Head of HR)
- Bhupinder Singh Pawa (Head, QARA)
- Pooja Kadambi (Head - Innovations and Clinical Research)
Headquarters: Bengaluru, India
Number of Employees: No information is available
Revenue: No information is available
Known For: Dozee is known for its contactless remote patient monitoring (RPM) solutions and AI-based early warning systems (EWS).
Products
Overview
- Contactless Remote Patient Monitoring (RPM) System: Utilizes ballistocardiography sensors placed under mattresses to capture vital signs like heart rate, respiration rate, blood pressure, and more.
- AI-based Early Warning System (EWS): Analyzes patient data to provide early warnings for potential health deteriorations.
Detailed Product Information
Contactless Remote Patient Monitoring (RPM)
Description:
The RPM system uses a sensor sheet placed under the mattress to capture micro-vibrations from heartbeats, respiration, and body movement.
Key Features:
- Contactless Monitoring: Ballistocardiography technique captures vital signs without physical contact.
- High Accuracy: Proven to be 98.4% as accurate as medical-grade devices.
- Vital Parameters Monitored: Heart rate, respiration rate, non-contact blood pressure (NcBP), oxygen saturation (O2 Sat), non-invasive blood pressure (NiBP), 2-lead ECG, and temperature.
- Data Processing: Vital data is sent to a secure cloud and converted into meaningful bio-markers accessible via SecureRPM applications.
AI-based Early Warning System (EWS)
Description:
EWS uses AI to analyze patient data, providing timely alerts and reports to healthcare workers.
Key Features:
- Customizable Alerts: Alerts can be tailored according to patient needs for early intervention.
- Real-time Reports: Provides real-time data and reports for immediate access.
- Patient Safety: Aims to reduce critical events by early detection and continuous monitoring.
Recent Developments
New Products and Updates
- US-FDA Approval: Dozee VS Measurement System received US-FDA 510K clearance on December 21, 2022.
Funding
- Series A2 Funding Round: On April 4, 2023, Dozee raised $6 million from Prime Ventures, 3one4 Capital, YourNest VC, State Bank of India, and new investors like J&A Partners Family Office and Dinesh Mody Ventures.
- Purpose of Funding: To expand in the Indian market, deepen R&D capabilities, and support global expansion.
- Previous Funding: Raised $10 million in January 2022 and Rs 44 crore in Series A in 2021. In total, the company has raised $24 million.
Partnerships
- British International Investment (BII): On January 10, 2023, partnered to upgrade 6,000 hospital beds in 140 public hospitals in India and other regions. This partnership supports the MillionICU initiative to install one million step-down ICU beds across India.
- Impact of Partnership: Expected to alleviate healthcare worker workloads, reduce nurse burnout, and improve overall healthcare quality.
Technological Advancements
- Continuous Innovations: Hired key personnel across product, data science, and clinical research departments, indicating an emphasis on innovation and product development.
- Study and Impact Assessments: A study by Sattva Consulting highlighted the benefits of Dozee's technology in saving nursing time, reducing ICU stay lengths, and improving patient care.
Market Penetration
- Current Reach: More than 380 hospitals across 50 districts in India.
- Future Plans: Targets to extend services to over 2,000 hospitals in more than 100 districts in the next two years.
Customer Testimonials
- Impact on Hospitals: Significant reductions in Code Blue events and improvements in patient monitoring efficiency have been reported by multiple hospital leaders using Dozee's technology.
Summary
Dozee is a pioneer in the healthcare technology space specializing in contactless remote patient monitoring and AI-based early warning systems. With significant advancements and partnerships, the company is poised to transform the public healthcare landscape in India and beyond.