ImageProVision Technology a Pune based image analysis startup raised an undisclosed amount of funding from Satish Jamdar, an angel investor and former managing director of Blue Star.
The funds will be used in strengthening their presence in the pharma sector. It plans to enter into sectors including medical imaging and biotechnology, and to get more clients as well.
It was founded in 2010 by Prithviraj Jadhav and Sandeep Kulkarni. It makes products which allows company to analyse and extract data drawn from images. It focuses on detail analysis and processing of images, along with the development of image processing applications.
Its products caters to wide range of industries including agriculture, pharmaceuticals, life sciences, defence, etc. Its clients include Glenmark, Dr Reddy’s and Lupin. It renders precision services towards 3D imaging, industrial vision processing and video processing.
Sandeep Kulkarni, Partner & Director at ImageProVision Technology, said,
“The company has been profitable from the start, and has been growing at a healthy rate in the last two years. In the last year, our revenue has increased three times and we continue to remain profitable.”