India Business News: Bengaluru-based Sarvam AI raises $41 million in series A funding led by Lightspeed, with participation from Peak XV Partners and Khosla Ventures. The
Ketryx raised $14 million in Series A funds. The startups sells a platform designed around FDA regulations and quality standards that automates much of the work required from medical device companies’ development and quality teams.
Bright Uro raised $23 million in Series A funds to help achieve FDA clearance for its urodynamics system and launch the product in the U.S. Should it be cleared, the system will become the first product on the market able perform urodynamic monitoring wirelessly and without a catheter, the company's CEO said.
Allara raised $10 million in a Series A funding round led by GV. The startup offers membership-based virtual services to treat women's chronic hormonal conditions, such as PCOS and endometriosis. CEO Rachel Blank former executive at Ro and investor at General Catalyst founded the company partly due to the difficulty she experienced arriving at her own PCOS diagnosis.