The new funds will be used to boost the company's growth and operations within India and expand into several emerging markets and established markets such as the US.

Additionally, the company said the funds will be used to further enhance its innovative AI platform, Radar, to improve its co-pilot features using data.

The co-founders said, “Our goal is to grow our business and continue to transform critical care delivery in India and global markets. We are committed to our vision of leveraging AI and advanced technology to ensure that the "High-quality care should be accessible to all, regardless of age." Dr. Dhruv Joshi and Dr. Dilip Raman said in a statement.

CloudPhysician is a full-stack AI and operations company that partners with hospitals to manage patients in their ICUs and emergency departments.

"They are building an India-first business that has the opportunity to become the world's first independent, innovative business in this space," said Mohit Bhatnagar, managing director of Peak

Founded in 2017, CloudPhysician has now expanded its partnership to over 200 hospitals across 23 states in the country, caring for over 1 lakh patients.