8chili, a pioneering deep tech company based in San Ramon, California, and Bangalore, has raised an undisclosed amount from strategic investor and mentor Karna D Shinde.
Through this funding, the company aims to accelerate its research and development efforts, expand its market reach, and forge key partnerships within the healthcare industry.
8chili, a pioneering deep tech company based in San Ramon, California, and Bangalore, has raised an undisclosed amount from strategic investor and mentor Karna D Shinde.
8chili is known for its innovative VR platform, HintVRTM, designed to deliver immersive training experiences for quality and compliance needs in the healthcare and life science sectors. HintVRTM is an end-to-end enterprise platform powered by an SDK, enabling organisations to create 3D training simulations 80 per cent faster than traditional methods. The platform has demonstrated tangible results, including reduced error rates and faster competency times, as evidenced by multiple case studies.
"His (Karna D. Shinde) strategic insight and financial backing will enable us to accelerate our research and development efforts, expand our market reach, and forge key partnerships within the healthcare industry," said Aravind Upadhyaya, Founder and CEO of 8Chili."
Karna D. Shinde said, "With their strong track record and clear focus on delivering impactful solutions, I see great potential for 8chili to make a significant mark in the workforce training industry.”
As part of its commitment to continuous innovation, 8chili conducts studies to benchmark the impact of VR on training. The company has demonstrated impressive results, including a 50 per cent reduction in time to competency and a 70 per cent reduction in error rates through multiple randomized control trials, as per a company statement.
Looking ahead, 8chili is focused on exploring strategic partnerships to expand its library of workforce training modules. These partnerships aim to empower blue-collar workers with a quality-first mindset, ultimately facilitating job placement.
Recently, Medical Technology Company Neuro42 also secured investment from Neuro42. Neuro42 is a medical technology company pioneering portable MRI, robot, and AI technologies. Some other companies where Shinde has made investments include Promaxo, Otomagnetics, Navaux, Fanisko, and others.