Brain Health Startup Ivory and Construction Tech Platform MatBook Secure Fresh Funding Rounds

• Ivory has raised USD 1 million in a new funding round.
• The brain health startup is enhancing its clinical-grade technology.
• Funding will support Ivory’s expansion across India and beyond.
• MatBook secures USD 750,000 to innovate construction technology.
• The construction tech platform aims to streamline supply chains.
• MatBook’s tools promote green building compliance.

Ivory’s Commitment to Cognitive Health Innovations

Brain Health Startup Ivory Secures New Funding for Growth Ivory, a Mumbai-based brain health startup, has successfully raised USD 1 million in its latest funding initiative that was co-led by IIMA Ventures and Capital A. Other notable participants in this round include 1Crowd, Stanford Angels, and several angel investors like Dr. Sanjay Arora, Adarsh Narahari, and Juhi Bhatnagar. The fresh capital is earmarked for enhancing Ivory’s innovative clinical-grade digital assessment technology as well as expanding its distribution network across India.

Innovative Approach to Brain Health Management

With its establishment back in October 2022 by Issac John (CEO) and Rahul Krishnan (CPO), Ivory is focused on addressing cognitive decline through early detection and proactive management of brain health. The startup provides FDA-registered cognitive assessments and personalized brain training programs via its mobile app, which has caught the attention of many. Ivory combines disciplines like neuroscience, neuropsychology, and data science to enable users to monitor, train, and ultimately enhance their brain health. This approach has attracted partnerships with esteemed brands like Ather Energy, WeWork, and PUMA.

MatBook Aims to Revolutionize Construction Efficiency

Issac John, co-founder and CEO, emphasized that Ivory is on a mission to prioritize brain health as much as physical health. He believes that as individuals reach their 40s and beyond, having a platform like Ivory ready to help in early detection of cognitive risks will significantly alleviate healthcare burdens within society. Recently, they released India’s first-ever Brain Health Report and made a notable appearance on Shark Tank India Season 4, which has elevated their visibility tremendously. The company is now strategically investing in enhancing their AI capacities, branching out geographically, and conducting longitudinal research tailored to Indian populations to truly revolutionize the approach towards brain health in the country. As for MatBook, the construction tech startup, it has successfully raised USD 750,000 in a pre-seed funding round that saw backing from Seedstars International Ventures, Fluent Ventures, and Everywhere Ventures, as well as numerous angel investors connected to giants like Autodesk and Amazon. The funding will go towards improving their AI-driven platform and extending operations in the United States while also expanding their tech, sales, and operational teams.

Funding Secured for Expansions and Innovations

Founded by Harsh Badera, Nasir Hussain, Raghav Malhotra, and Shubham Sharma, MatBook is determined to resolve persistent supply chain bottlenecks faced in the construction industry. The platform uniquely ties US contractors and distributors with verified manufacturers while providing integrated logistics, quality assurance, and financing options. Featuring tools like Environmental Product Declarations, MatBook is also making strides towards supporting green building compliance, a much-needed initiative in these eco-conscious times. The plan is to roll out credit solutions and broaden their manufacturing network to further ease procurement processes, which should also lead to a notable decrease in project delays. These developments in both Ivory and MatBook sow seeds of hope for innovation in their respective fields, setting the stage for what could potentially transform brain health management and construction efficiency as we know them.

In summary, both Ivory and MatBook are showcasing the power of innovative solutions in their targeted sectors. Ivory’s approach to brain health reflects a significant shift towards proactive care, while MatBook’s efforts address long-standing inefficiencies in construction. Together, these funding rounds signify not only momentum for these startups but also a broader trend towards embracing technology for better health and construction practices.