Singapore-based healthtech startup, Plano, has raised an undisclosed amount in a series A funding round from several investors, including a seven-figure sum from philanthropist and investor, Peter Lim, through his investment holding company, Meriton Capital Limited.
Founded in 2017, the startup helps parents in tracking their child’s usage of mobile devices to reduce eye strain and risk of myopia.
The company’s app is also operating in India, Malaysia, and Australia, with more than 100,000 registered families both within and beyond Singapore. Plano plans to grow its operations into ten other countries, including China and the United States, within the next 12 months.
Data scientists at Plano are improving on their big data analytics and Artificial Intelligence (AI) capabilities to create better national eye health policies and eye service delivery. They are also exploring the most suitable Internet of Things (IoT) model for the application.