Attune Technologies, a healthcare information technology product company, has raised $6 million in a Series A funding from Norwest Venture Partners for an undisclosed equity stake.

The company's product is currently used in hospitals, labs, imaging centres, day care centres, dialysis centres and clinics. It has logged in over two million patient records to date.

Arvind Kumar, CEO and Director, Attune, told newspersons that the money would be used for product development, scaling up business opportunities in India, ASEAN, West Asia and Africa. Headquartered in Singapore with a product development centre in India, Attune has 65 employees – 55 in Chennai and the rest in Indonesia and the Philippines. It is expanding its product development team, and sales and marketing team, he said.

Attune’s ‘cloud-based’ hospital information system (HIS) and lab information system (LIS) is based on its Health Kernel platform. Diagnostics chains such as Metropolis and Medall are using Attune’s LIS to track samples from the point of collection all the way to storage. In addition, Kamatchi Memorial and Kurinji hospitals use the HIS to automate the complete hospital processes, he said.

Mohan Kumar, Partner, Norwest Venture Partners, said that investment was a bet on Attune’s ‘strong’ management team. The US-based venture capital firm manages over $3.7 billion in capital and has funded over 500 companies globally. It has subsidiaries in Mumbai and Bangalore.

It makes early-to-late stage venture and growth equity investment across various sectors, including technology, information services, business services, healthcare and financial services, he said.

raja.simhan@thehindu.co.in

(This article was published on December 10, 2012)
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