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Fischer Medical Ventures Invests in Wonder Tech Group for AI-Driven Mental Healthcare Solutions

Written by : Jayati Dubey

June 21, 2024

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This collaboration follows Fischer MVL's subsidiary's recent partnership with "The Therapy Platform" in the mental health therapy space.

Fischer Medical Ventures (formerly known as Fischer Chemic Limited) has invested in Singapore-based Wonder Tech Group (Wonder Tech), which aims to transform the mental healthcare landscape with advanced AI technologies.

Although the investment amount remains undisclosed, the company said it will leverage Wonder Tech's pioneering voice-based diagnostic platform to enhance mental health diagnostics and treatment across various markets.

This collaboration follows Fischer MVL's subsidiary's recent partnership with "The Therapy Platform" in the mental health therapy space, further demonstrating their commitment to advancing mental healthcare solutions.

Further, the partnership plans to strategically extend the reach of Wonder Tech's advanced diagnostic solutions to broader markets.

Fischer Medical Ventures offers cost-efficient, high-quality Magnetic Resonance Imaging (MRI) systems, which are produced through its subsidiary, Time Medical International Ventures India. The company claims to have established itself as a leader in the indigenous manufacturing of advanced medical imaging equipment in India.

Beyond medical imaging, Fischer MVL is actively involved in investing and partnering with a diverse portfolio of diagnostic solutions, with a significant focus on mental health.

Elevate Mental Health Diagnostics

Wonder Tech has developed a biomarker technology that aims to provide access to quality mental health diagnostics. Their proprietary AI-driven acoustic-based technology can analyze mental health from a 60-second voice sample, irrespective of language.

This innovation facilitates private, objective, and affordable mental health screening, significantly improving the detection and prevention of mental health issues.

Ravindran Govindan, chairman, and MD, Fischer MVL, highlighted the significance of this investment, stating, "This partnership provides us with exclusive rights to market Wonder Tech's groundbreaking technology in ASEAN, India, and Middle Eastern markets. Our goal is to scale up their impressive voice-based depression diagnostic solution that works across languages, including hundreds of diverse Indian languages."

Wendy Wu, founder and chairman of Wonder Tech Group, expressed her enthusiasm for the partnership with Fischer MVL.

"With our technology, consumers and corporations can monitor mental health and wellness through a few seconds of voice data. We are excited to significantly scale our operations with the support of Fischer MVL's robust sales network," Wu noted.

With the backing of Fischer MVL, Wonder Tech's technology is expected to play a crucial role in addressing mental health challenges across diverse regions, including ASEAN countries, India, and the Middle East.


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