When a blockchain startup from IIT Madras lands funding from Luxembourg’s Ovington Capital Partners and UAE-based investors, something interesting is happening in the intersection of deep tech and global trust infrastructure. Plenome Technologies just raised Rs 6.5 crore for their Blockchain-AI stack that’s tackling some of society’s most sensitive data challenges, from organ donation tracking to remote voting systems.
What is the news?
- IIT Madras-incubated Plenome Technologies raised Rs 6.5 crore in seed funding led by Ovington Capital Partners (Luxembourg), with participation from UAE-based AADI and angel investor Manish Gandhi.
- The startup, founded by Prof. Prabhu Rajagopal alongside Shanti Swarup Bhatnagar Awardee, Vijayaraja Rathinasamy and Anirudh Varna, is developing secure blockchain-AI infrastructure for sensitive data applications across healthcare, organ donation, and remote voting.
Why is it interesting?
- While most blockchain startups focus on financial applications, Plenome is tackling sectors where data integrity can literally be life-or-death. Their ‘BlockTrack OrganEase’ solution is already in trials with a state transplant authority, while their ‘BlockVote’ platform has been successfully deployed at IIT Madras. This demonstrates how Indian deep tech can address real-world governance and healthcare challenges using blockchain for transparency and AI for intelligent data processing.
- Luxembourg and UAE investment signals global recognition of India’s capability to build enterprise-grade blockchain infrastructure that meets international compliance standards. With their AI-powered healthtech suite ‘Ashwin’ expanding from dental clinics into eye care, cosmetic and fertility domains, Plenome represents the evolution of Indian blockchain companies from experimental to institutional-grade solutions serving sensitive, regulated industries across multiple geographies.
Read more: Plenome Technologies raises Rs 6.5 Cr in seed round