Education

IIT Madras-incubated Plenome raises ₹6.5 crore in seed funding

Plenome is also pioneering a novel pay-per-use model for conducting remote elections in large organisations, using its Blockchain-based ‘BlockVote’ software.

IIT Madras-incubated start-up Plenome Technologies, which develops tech for safe storage and retrieval of datasets, has raised a seed funding of ₹6.5 Crore from Indian and global investors.

Founded by IIT Madras faculty Prof. Prabhu Rajagopal, Plenome develops Distributed Ledger Technologies (DLTs), popularly known as ‘Blockchain’, based solutions for applications in safety-critical fields such as healthcare information systems, voting and digital database management in large-scale user-generated dashboards.

The other co-founders are IIT Madras MS (Entrepreneurship) student Vijayaraja Rathinasamy, an embedded systems expert, and IIT Madras Graduate Anirudh Varna, a blockchain expert.

The lead investor is Ovington Capital Partners, a Luxembourg-based investment firm. AADI, an UAE-based firm and Manish Gandhi, an investor in startups such as ePlane and CynLr also invested.

The Blockchain-AI solutions firm is now looking to expand into global markets with this funding to enable data transfers in sensitive industries like healthcare and voting.

Plenome said in a statement that its BlockTrack ‘OraganEase solution’ for managing sensitive organ donation databases is already being deployed in trial runs in partnership with the apex body for organ transplants at a South Indian State. Plenome is also pioneering a novel pay-per-use model for conducting remote elections in large organisations, using its Blockchain-based ‘BlockVote’ software. This software was already successfully deployed for IIT Madras Student Elections. Additionally, Plenome is conducting trial runs of ‘Ashwin’, a suite of AI-powered electronic data capture, record maintenance and insight generation platforms in healthcare space.

More Like This

GK Reddy, Union Minister of Coal and Mines
Chief Minister Nara Chandrababu Naidu releases Green Hydrogen Declaration on Monday

Published on July 22, 2025

Leave a Reply

Your email address will not be published. Required fields are marked *