HBox.ai, a healthtech firm, has raised $700,000 in a seed fundraising round led by Arali Ventures to expand its market reach and product stack. HBox, which was founded in 2021, launched its initial offering, ‘Remote Patient Monitoring-as-a-Service,’ with one clinic in March 2021. HBox has signed customers in eight US states since then, resulting in a contracted base of two lakh Medicare beneficiaries.
Arali Ventures, which was founded by experienced tech experts, has invested in 12 seed stage enterprise/B2B software firms since its inception in 2019. HBox.ai is their second investment in the healthtech business; their first was in Oivi, a Norwegian medical equipment firm. Wiz Freight, FinBox, Wingman, Unbox Robotics, CynLr, and Insent are among the enterprise tech businesses in their portfolio. AI
“Adoption of technology in healthcare is starting to challenge traditional care delivery patterns in the entire $3T US healthcare market,” said Banu Prasad Dhanakoti, Co-founder and CEO of HBox Inc. HBox is at the vanguard of this disruption, developing a virtual first care network and platform by reinventing care delivery through technology and an innovative partnership-based business model with existing care providers.”
Arali Ventures is a seed-stage venture capital firm focused on innovative enterprise technology startups.
HBox is a virtual care platform for general and speciality clinic physicians based in the United States. HBox has customers and activities in eight US states, as well as a strong product team based in India. The team has a wealth of experience in the field of healthcare technology.