To help pathologists get access to high-end devices for their daily blood tests, Hyderabad-based startup Livo has developed three products in this space. These devices include a scanner, smearer and stainer which helps in getting a complete blood picture (CBP). The Livo A-1000 is a pathology scanner that scans the sample and also produces digital reports, thus helping pathologists to work remotely. “The scanner uses machine learning features and super-resolution technology and is low priced when compared with the scanners available in the market,” said Dr. Junaid Shaik, co-founder, Livo.
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In addition, the AutoSmearer (A-700) is a device that is used to collect blood samples and smear to get a morphology report. The other product, Haematology Stainer, helps in staining the sample in to provide microscopy results in 90 seconds. All three devices have been developed by the company in-house and have been in the research and development for the last two years.
“We were planning to launch our product A-700 in April and A-1000 in August. However, due to the pandemic-led lockdown our whole supply chain broke down and we had to postpone our sales. We are getting a lot of interest from doctors and have received 25 pre-orders for A-700 and 11 for A-1000. Recently, we also closed a distribution deal for 800 devices in the South India region,” said Dr Shaik.
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The other founders of the company include Faisal Sheikh and Professor Prasanth Kumar, head of mechanical department, IIT-Hyderabad. It recently raised Rs 1 crore from angel investors and industrialists Ravi Reddy, Dr. Praveen Kumar and others. It is looking to raise another Rs 5 crore in the coming months which will be used to fund manufacturing of the devices.