Indian AI-driven skincare app CureSkin scores $5M in Collection A funding

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CureSkin, an AI-enabled magnificence and private care app in India, has snapped up $5 million in a Collection A investing spherical led by JSW Ventures. 

The newest fund provides to the $500,000 that the startup has raised in January 2020 in a funding spherical led by AI enterprise fund SenseAI. 

WHAT IT DOES

Based in 2017, CureSkin is a dermatology app that makes use of AI to supply professional and personalised therapy plans for pores and skin, hair, physique and different private care considerations. 

By way of the app, customers can get their images analysed for pores and skin circumstances comparable to pimples, darkish spots, pigmentation, and wrinkles. The know-how was developed utilizing a database of thousands and thousands of photographs, and based on the corporate’s claims, is ready to detect pores and skin circumstances throughout completely different pores and skin varieties with excessive accuracy. Its therapy plans additionally include free weight-reduction plan and way of life steering.

Obtainable on each Android and iOS gadgets, CureSkin is staffed by over 10 dermatologists and round 25 pores and skin advisors who’ve served about 200,000 customers.

WHAT IT’S FOR

In India, there may be one registered dermatologist for each 100,000 folks, based on the Indian Affiliation of Dermatologists, Venereologists, and Leprologists. “There’s a giant market want for outcome-oriented, specialist look after pores and skin and hair circumstances,” CureSkin CEO and co-founder Guna Kakulapati famous. 

Primarily based on a media launch, CureSkin will use its recent funds to develop into adjoining classes, enhance its person base, and additional spend money on know-how. 

MARKET SNAPSHOT

AI has been more and more utilized in dermatology in recent times. In Might final 12 months, Google mentioned it has been constructing an AI in a web-based utility that scans a person’s picture and identifies their pores and skin considerations. In the identical month, a human scanning tech developer in Australia, Superior Human Imaging, obtained a CE Mark for the dermatology AI element in its DermaScan SaaS platform, which detects pores and skin circumstances from a smartphone-captured picture. 

In different funding information, Berlin-based Formel Pores and skin, which runs a telemedicine platform for dermatology, raised €30 million ($32.5 million) in a Collection A spherical in January.



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