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Ratan Tata invests in San Francisco-based medical start up

Ratan Tata invests in San Francisco-based medical start up

New Delhi, May 17 (UNI) Chairman Emeritus of Tata Sons Ratan Tata has invested in the San Francisco-based medical emergency response start-up firm, MUrgency Inc.


MUrgency Inc will use the proceeds of the funding to augment technology and scale operations besides leveraging Tata’s experience and network as a global business leader to develop the emergency response network globally through appropriate partnerships, the start up firm said in a statement.


However, amount of investment has not been disclosed so far. In the last two years, Mr Tata has made investments in over 25 start ups.


“Tata’s involvement is an affirmation of the importance of a reliable emergency medical response network for the world and of course India to save lives which are otherwise lost for want of timely medical attention. He clearly wanted us to launch and grow the network in India first before taking it overseas. Mr. Tata’s investment in MUrgency will help attract leading talent to the company and major partnerships beyond India.” said Shaffi Mather, Founder, MUrgency Inc.


Apart from MUrgency, Tata’s investment in overseas companies include among others, Boston-based wind energy startup Altaeros Energies, China’s largest smartphone maker Xiaomi and Singapore-based startup Crayon Data, a big data analytics firm.


UNI ASH RN 1537

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