Attune Technologies secures $10m in Series B funding from Qualcomm Ventures

In a move to boost its global footprint, healthcare software solutions provider Attune Technologies has secured $10 million in Series B funding from Qualcomm Ventures and Norwest Venture Partners. The firm plans to use the money to provide software solution to 25,000 hospitals and labs in international markets like Africa, West Asia and South-East Asia in the next three years. Prior to this, the company had raised $6 million in its Series A funding from Norwest Venture Partners in December 2010 and $1 million from Singapore-based Angel Investors from 2010 to 2012.  The latest round of funding would also enable Attune Technologies to expedite its expansion programmes in India where it currently offers a cloud-based platform to over 200 hospitals, laboratories and clinics through 2,500 centers with over 10 million patient records. “Technology is at the core of what we do at Attune. We are constantly upgrading our technology and innovating new solutions to make healthcare affordable, seamless and efficient for the entire healthcare value chain,” said Arvind Kumar, Founder and CEO. Founded in 2008, Attune Technologies delivers an integrated cloud-based platform for healthcare delivery. Its technology platform can serve a single GP clinic up to a national HIS/EMR network. The company has acquired 200 clients globally and its platform interfaces with over 1100 devices such as lab analyzers and ICU machines to absorb labs into the health network. Qualcomm’s Strategic Fund Attune Technologies is the first investment from Qualcomm’s Strategic Fund. In September, during a meeting with Prime Minister Narendra Modi at the Digital Economy event in San Jose, Qualcomm Ventures announced plans to invest up to  $150 million  to Indian startup companies across all stages as part of its commitment to India. Since 2007, Qualcomm has been investing in Indian startups. There are more than 20 Indian companies as part of its global portfolio across the mobile ecosystem and include hardware, software platforms, e-commerce, healthcare, location based services and retail technology. Aligned with the government’s Digital India initiative, Qualcomm aims to work closely with the Attune Technologies team as they work to address the digital divide in healthcare across India, as well as globally, said  Karthee Madasamy, Vice President, Qualcomm Ventures India**.**