Businessfortnight had an interview with Shubu.ai, an AI-based company headquartered in Bangalore and founded by IIT Kharagpur alumni and backed by prominent healthcare investors with more than two decades of experience in the Healthcare domain. With the mission is to improve the efficiency of hospital processes by leveraging cutting-edge AI techniques and providing Machine Learning-based tools and software products that integrate seamlessly with any cloud-based HIMS and EMR solution being used by the Hospital.
Here is an insight into full interview:
What is Shubu.ai? What are its mission and vision?
Shubhu.ai is an AI-based company headquartered in Bangalore and founded by IIT Kharagpur alumni and backed by prominent healthcare investors with more than two decades of experience in the Healthcare domain. The mission is to improve the efficiency of hospital processes by leveraging cutting edge AI techniques and providing Machine Learning-based tools and software products that integrate seamlessly with any cloud-based HIMS and EMR solution being used by the Hospital. The vision is to accelerate the digitization of patient data in the Indian healthcare ecosystem by providing AI-driven tools and techniques
How did you come up with the business/start-up idea?
It all started when I was in the USA pursuing my master’s degree from Carnegie Mellon University and for paying off my education loan, I used to do some freelancing work. Luckily, I got an interesting Machine Learning and Big Data project
from an Australian start-up, that’s when the idea of becoming an entrepreneur popped up in my mind. The idea behind this application was to optimize marketing in bigger organizations through data analysis.
After that, I worked on various ideas, none of which actually took off but in hindsight, the failures laid the foundation for building Shubu.ai. Before Shubu, I had started working on an AI-driven appointment management application, but over time, working with doctors I realized that doctors, on one hand, are so educated, and on the other hand they are tech-averse since
they are so engaged with solving patients’ problems and don’t have sufficient time to use such complicated applications which haven’t been built keeping the Doctors into consideration. So, we decided to make something simple and user-friendly for them.
We also observed that they do not like typing due to which a lot of patient data is not captured correctly. Hence, we decided to build a voice-based application that can understand medical terminology and different accents very accurately.
How was the company’s journey since its inception?
It was a roller coaster ride since the inception of the product because getting the accuracy of speech-to-text was one of the most challenging tasks for us. Our team worked day and night to attain more than 95% accuracy in less than 4 months with
minimal data. Another big challenge was to make the system HMIS independent with zero integration time. Now our system is fully integrable with any web-based HMIS with zero codings on the HMIS side.
How many customers does Shubu.ai serve on average?
Shubu.ai serves on average 40 doctors as of now.
Where you see your company 5 years from now?
We see ourselves serving several large hospital chains in India and abroad.
What are your expansion plans for strategic growth?
We are planning to expand PAN India and Globally.
Has Shubhu.ai received any funding so far?
Yes, Shubu.ai was selected in a HealthTech incubator program wherein the team got introduced to Dr Prasanna Venkatesh of NU Hospitals, Bengaluru. After the funding round of 1 Million USD, the company is planning to expand product and marketing teams across India.