Ivory raises $1 Mn led by IIM-A Ventures and Capital A

Brain health startup Ivory has raised $1 million in a funding round co-led by IIM-A Ventures and Capital A. The round also saw participation from 1Crowd, Stanford Angels, and angel investors, including Dr. Sanjay Arora, Adarsh Narahari, and Juhi Bhatnagar.

Earlier in February 2024, the agetech startup had raised $500K in a new round led by early-stage VC fund Capital A. 

The proceeds will be used to improve its cognitive assessment technology and scale distribution across India. The team plans to expand into new regions, enhance AI capabilities for personalized assessments, and invest in research to establish cognitive health benchmarks for Indian populations.

Founded in October 2022 by Issac John and Rahul Krishnan, Ivory focuses on the early detection of cognitive decline through digital assessments based on neuroscience. The company aims to address the underdiagnosis of cognitive impairment and build preventive tools against neurodegenerative diseases.

The startup provides clinical-grade cognitive screening through its app and partners with clinicians, psychologists, insurance firms, and companies like Ather Energy, WeWork, and PUMA.

Ivory also released a Brain Health Report and appeared on Shark Tank India Season 4. Ivory offers FDA-registered assessments and brain training through its app. It is also backed by investors including 1Crowd, Stanford Angels, and TDV Partners.