Medical tech startup Inito raises $6 million in funding round led by Fireside Ventures

Medical technology startup Inito on Thursday said it has raised $6 million in a Series A funding round led by Fireside Ventures.

The Bengaluru-based company, launched in 2015, helps women track fertility hormones and provides personalised analytics on reproductive health through its flagship product, the Fertility Monitor.

Inito's technology uses a combination of hardware, biotechnology and machine learning to improve the accuracy, reliability and density of test strips, allowing them to measure multiple parameters on a single testing platform.


The company will use the fresh funds to push the global expansion of its hormone test, build on its analytics using artificial intelligence (AI), and invest in R&D for new tests. In the long term, the company aims to offer diagnostic tests to address various health concerns through a smartphone-based platform.

"The partnership with Fireside Ventures has not only provided crucial financial backing but also valuable mentorship and strategic guidance, enabling Inito to build a leading consumer health tech brand for the world from India," cofounders Aayush Rai and Varun AV said in a joint statement.