Indian AI healthcare startup Jivi raises new funding led by Andrew Ng-led AI fund

Andrew Ng’s AI Fund announced Tuesday its first investment in an Indian AI healthcare startup, Jivi. While the fund didn’t reveal the exact financials, this marks a significant step in its expansion into India’s AI-driven healthcare sector.

According to a recent Nasscom-BCG report, India’s AI market is set to more than double, reaching up to $22 billion by 2027. Startups and product-based solutions are expected to claim 15-17% of that market, competing closely with financial services.

Founded by Ankur Jain and Sanjay Reddy, Jivi aims to reshape healthcare with its conversational AI platform. The company claimed that its flagship AI model, Jivi MedX, outperformed both Google’s Med-PaLM 2 and OpenAI’s GPT-4 on the Open Medical LLM Leaderboard.

“Our proprietary AI model, Jivi MedX, leads the industry by surpassing Google’s Med-PaLM 2 and OpenAI’s GPT-4 on the Open Medical LLM Leaderboard. Built on advanced agentic AI architecture, our conversational AI platform integrates voice, images, and medical history to provide real-time, personalized diagnoses and treatment plans,” Jivi said on its website.

Based in Gurugram, Jivi’s platform helps identify possible diagnoses, suggests treatments, and handles admin tasks like generating health reports. Jivi’s website highlights that the platform integrates voice, images, and medical history to offer real-time, personalized healthcare solutions.

AI Fund, which counts Sequoia Capital and SoftBank Group among its backers, has previously invested in podcast-production platform Podcastle and research tool Octagon AI. Andrew Ng, the fund’s managing general partner, has a rich background, having led major AI initiatives at Google and Baidu before stepping down. He also joined Amazon’s board earlier this year, Reuters reported.

Jivi added that its mission is to make healthcare more accessible, serving both patients in rural areas and those in cutting-edge urban hospitals.