Exclusive: Cooey – An IoT Platform To Satiate Your Health Monitoring Needs Attracts $470k In Angel Funding




Exclusive: Cooey – An IoT Platform To Satiate Your Health Monitoring Needs Attracts $470k In Angel Funding

With on-line healthcare at growth, you could discover a big selection of offerings just on a click these days. Even, a few startups, going a step beforehand are trying to make those services greater personalized. But what about people who are nevertheless reluctant to go to docs except it will become an emergency or to keep their scientific statistics? The problem will become extreme if the character is suffering from a few chronic ailment and requires each day interest to his drug treatments and vitals.

In order to resolve this, Manu Madhusudanan, an Engineering graduate who earlier had labored with Yahoo and Microsoft, lately released an IoT platform, Cooey. According to the information, there are 30 Mn diabetic and 130 Mn hypertension patients in India. The Bangalore-based totally platform presently objectives Antenatal and persistent patients requiring routine services. The concept is to be an give up to cease family health monitoring platform to gather (device), keep, analyze and offer insights of essential symptoms for sufferers.

Till now, Health IT consists of Hospital Information System (HIS) and different products/apps, however nonetheless there may be a missing final mile link – Engagement with patient. Cooey is that missing shoe in this whole procedure. It’s the third platform for continual affected person fitness control. “third Platform is about engaging patients to fitness management gadget and imparting focused services to them. We are the usage of IoT Ecosystem to permit and fill this hole,” stated Manu.

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The web platform is extra like a shopping portal where one should purchase the bluetooth enabled devices along with Blood Pressure Monitor, Smart body analyser and Smart Glucometer. The vitals measured from these devices are transferred robotically to the cellular app into the centralized cloud storage. This feature permits the patient’s caretaker to hold an eye at the fluctuations, despite the fact that he/she is sitting overseas.

Manu in addition defined this by means of citing an example. Today, whilst someone is going to a doctor and take the medicines, normally, he might prevent taking them until he begins feeling worse. With Cooey, even the humans looking after the patient can often log his information, get the detailed evaluation and percentage them with the medical doctor mechanically. This allows them to maintain a clean medical history and thereby get an accurate prognosis.

The tool can prompt the person to order recurring medicines before they run out. It provides the service “Smart help”, which enables the patients in getting customized suggestions and guidelines. Also, with resultant analysis, one could maintain tune of their fitness problems and manage the vitals on his personal concurrently.

Currently, Cooey is focussed at the B2B2C area and going ahead it plans to service clients immediately.

The founders are partnering with three health facility chains for the home care and antenatal care. In addition, the founders have recently closed a seed investment of around $470k (INR three Cr) from Subhash Goyal, President, Digital Circuits.

Technical Aspects and Current Status

Angularjs, J2ee and MongoDB are used within the tech stack. All offerings are exposed as REST based API as a part of the platform. This allows 0.33 birthday celebration integration easy. All the gadgets have Android and iPhone SDK.

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At present, the devices are to be had handiest on pre-order and could be launched in batches. Also, the habitual medicine shipping provider could be to be had in later months. Globally, the portal competes with WiThings and IHealth. However, as in line with Manu, their wonderful benefit is being comparatively cheap and carefully integrated stop to quit answer with personalization for persistent patients.

Market Opportunity and Plans Ahead

According to a studies, eighty % of the market remains captured by means of retail. However, it's miles expected that by 2020, addressable marketplace length for chronic sufferers in top eleven city towns, with access to telephone will reach $five Bn in India.

The group is getting access to a large quantity of information comprising of medical kingdom, medicines used, lab reviews, and so forth of its customers. This would assist them in growing dynamic profiles of people thereby allowing them to indicate medical doctors to the human beings, as the job portals recommend jobs based on CVs of the human beings. “ In Long Term we need to be the LinkedIn of Medical Profiles with Personalized Offering to the Patients. The statistics we accumulate will empower the future,” said Manu.

Editor’s Take

Since the IoT idea got here in 1999, plenty has been modified. Many industries such as Oil and gasoline, transportation,FMCG, and so on., have were given extreme differences which include Healthcare. There is want for systems which have attain to common masses and cooey is certainly one of them.



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