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Funding · Healthcare & Life Sciences

Ivory raises $1M seed round to scale cognitive health platform

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Date
Company
Ivory
What it does
cognitive health platform
Kind
Funding
Amount
$1M
Stage
seed
Founded
2023
Sector
Healthcare & Life Sciences

What they do

Ivory is a cognitive health platform that helps users track and optimize brain well-being before significant decline occurs

What happened

The company raised $1 million in a seed round, with participation from Draper Associates, SAGE Venture Fund, MoSJE, IFCI Ventures, and SIDBI

Why it matters

The funding will be used to strengthen the technology stack, expand clinical capabilities, and enhance product offerings for scalable, evidence-based solutions

The details

  • Ivory, a brain health startup, raised $1 million in a seed funding round to scale its cognitive health platform.
  • Ivory is focused on early detection and proactive cognitive care, using neuroscience, neuropsychology, and data-driven interventions.
  • Draper Associates and SAGE Venture Fund participated in the round, along with MoSJE, IFCI Ventures, and SIDBI.
  • The company previously raised $1 million in April 2023 and $500,000 in February 2024, bringing its total raised to $2.5 million.
  • The new funding will be used to strengthen the technology stack, expand clinical capabilities, and enhance product offerings.
  • Ivory aims to make cognitive screening accessible, trackable, and part of routine preventive care.
  • The startup gained national visibility after appearing on Shark Tank India.

The bigger picture

  • Ivory is addressing a critical gap in India’s healthcare ecosystem by making cognitive screening more accessible and mainstream.
  • The startup is positioning itself as a digital-first alternative to traditional cognitive tests like MoCA, MMSE, and ACE-III.
  • Ivory recently partnered with Metropolis Healthcare to launch the TruHealth Mind & Body package, which combines pathology diagnostics with neuroscience-based assessments.
  • The company faces competition from global platforms like Cogstate, BrainCheck, and traditional pen-and-paper assessments.

About the business

  • Ivory provides clinical-grade cognitive assessments and personalized brain health solutions through its app.
  • The platform helps users track and optimize their cognitive health using neuroscience, neuropsychology, and data-driven interventions.
  • Ivory’s multidisciplinary clinical team includes experts in neuroscience, neurology, general medicine, and neuropsychology.
  • The startup aims to integrate its solutions into both consumer and clinical workflows for routine preventive care.
  • Ivory’s recent partnership with Metropolis Healthcare highlights its intent to expand into the broader healthcare ecosystem.

What happens next

  • Ivory plans to strengthen its technology stack and expand clinical capabilities.
  • The company aims to build scalable, evidence-based solutions for both consumers and healthcare systems.
  • Ivory is expected to continue expanding partnerships within the healthcare ecosystem.

The deal

Type
funding

Investors

  • Draper Associates (investor) — A venture capital firm focused on early-stage technology investments.
  • SAGE Venture Fund (investor) — An AIF fund launched by the Ministry of Social Justice and Empowerment (MoSJE).
  • MoSJE (investor) — A government-linked entity focused on supporting startups.
  • IFCI Ventures (investor) — A subsidiary of IFCI Limited, focused on venture capital investments.
  • SIDBI (investor) — A financial institution supporting small businesses and startups in India.

Founders

  • Issac John, co-founder
  • Rahul Krishnan, co-founder and CPO

About Ivory

Product
An app-based brain health and cognitive care platform with clinical-grade assessments
Customers
Individuals and clinical users seeking cognitive screening and preventive brain health support
How it makes money
Sells brain health assessments and related clinical and product services
What sets it apart
Combines neuroscience, neuropsychology, and data-driven interventions
Operations
Builds evidence-based solutions that work across consumer and clinical workflows

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