Latest news with #PlenomeTechnologies
The Hindu
6 hours ago
- Business
- The Hindu
IIT Madras-incubated Plenome Technologies raises ₹6.5 crore in seed funding
IIT Madras-incubated startup Plenome Technologies, which develops disruptive solutions for secure data management at scale, has raised ₹6.5 crore in seed funding from Indian and foreign investors. The investors include Ovington Capital Partners, a Luxembourg-based investment firm, which has taken on the mantle of lead investor; AADI, an UAE-based firm that specialises in trading and distribution of plant, machinery, and capital equipment; and Manish Gandhi, who has previously invested in iconic startups, ranging from ePlane and CynLr to GoStop, LegalKart, and Fermbox. Founded by IIT Madras faculty Prabhu Rajagopal, a Shanti Swarup Bhatnagar awardee, Plenome addresses the challenge of developing digital applications that can protect the privacy of users and security of records, while ensuring interoperability across organisations, geographies, and smooth operations at scale. The co-founders are: IIT Madras MS (Entrepreneurship) student Vijayaraja Rathinasamy, an embedded systems expert, and IIT Madras Graduate Anirudh Varna, a blockchain expert. The startup emerged from Mr. Rajagopal's research group on Automation and Data Engineering at IIT Madras' Center for Nondestructive Evaluation. Plenome's BlockTrack 'OraganEase solution' for managing sensitive organ donation databases is already being deployed in trial runs in partnership with the apex body for organ transplants in a South Indian State. Plenome is also pioneering a novel pay-per-use model for conducting remote elections in large organisations, using its record-setting blockchain-based 'BlockVote' software. This software was already successfully deployed for the IIT Madras student elections. Additionally, Plenome is conducting trial runs of 'Ashwin', a suite of AI-powered electronic data capture, record maintenance, and insight generation platforms in the dental specialisation within healthcare, and is seeking to extend this to eyecare, cosmetic, and fertility segments. Ashwin offers voice-enabled electronic data capture through input in several Indic and foreign languages. Prabhu Rajagopal, founder-chairman, Plenome Technologies, and faculty, Department of Mechanical Engineering, IIT Madras, said, 'Our work improves access to healthcare in remote locations while enabling interoperability and insight generation based on structured medical records. Our work on remote elections is very exciting, offering the possibility of voting through mobile devices from any location.' Vijayaraja Rathinasamy, co-founder of Plenome, said, 'At Plenome, we are driven by the conviction that technology should be purposeful and inclusive, reaching those at the margins and delivering outcomes that are tangible, equitable, and sustainable.' Anirudh Varna, co-founder of Plenome, added, 'By decentralising critical systems, from healthcare diagnostics to secure voting, we are putting power directly into people's hands. We are looking forward to scale our Ashwin and BlockVote platforms globally.'
Time of India
a day ago
- Business
- Time of India
IIT Madras-incubated Plenome bags Rs 6.5crore funding
Plenome founders Anirudh Varna, Prabhu Rajagopal and Vijayaraja Rathinasamy and others. CHENNAI: IIT Madras-incubated Plenome Technologies, a blockchain-based data management startup, has raised a seed funding of Rs 6.5 crore from Ovington Capital Partners, a Luxembourg-based investment firm, UAE-based AADI, and veteran investor Manish Gandhi. Founded by IIT Madras faculty and serial entrepreneur Prabhu Rajagopal, along with Vijayaraja Rathinasamy and Anirudh Varna, it develops blockchain-based applications to protect users' privacy and security of records. Speaking to TOI, Rajagopal said the startup would initially focus on healthcare data, targeting customers in the US, the UK and the UAE market, where the regulatory environment is mature. 'Enterprises have started to increasingly focus on data security and cybersecurity after major security breaches. With the adoption of AI, there are more risks such as data poisoning, where AI models are deliberately fed with misinformation,' he said. Plenome plans to work with hospitals and clinics directly as well as with healthcare software platforms. It is developing an AI-SaaS platform for structured record creation and insight generation. The startup is conducting trial runs for an AI-based electronic data capture, record maintenance and insight generation platforms in the dental specialisation within healthcare, Rajagopal said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Emerging from the research group on automation and data engineering at IIT-M, Plenome develops blockchain-based solutions for applications in safety-critical fields. It is based on a patented architecture. Plenome is also developing a distributed artificial intelligence (AI) protocol, where multiple agents work together to solve a problem. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
