IIT Madras Incubated Plenome Secures ₹6.5 Cr Seed Funding to Scale Blockchain-AI Globally

IIT Madras-incubated start-up Plenome Technologies, which develops disruptive solutions for secure data management at scale, has raised seed funding of ₹6.5 crore from Indian and foreign investors.

This marks a significant milestone in the firm’s journey to access global markets. Plenome is building Blockchain-AI solutions to enable secure data transfers in sensitive sectors such as healthcare and voting.

Disruptive Solutions for Sensitive Sectors

Plenome’s BlockTrack ‘OraganEase’ solution for managing organ donation databases is undergoing trial deployment in collaboration with the apex organ transplant body in a South Indian state.

In the e-governance space, the company is pioneering a novel pay-per-use model for remote elections in large organisations using its blockchain-based ‘BlockVote’ software. This solution was successfully deployed for IIT Madras student elections.

The start-up is also piloting ‘Ashwin’—a suite of AI-powered platforms for electronic data capture and diagnostic insights—in the dental healthcare segment. Expansion into eye care, cosmetic and fertility specialisations is underway. Ashwin features voice-enabled electronic data capture in several Indic and foreign languages.

Founded by IIT Madras faculty Prof. Prabhu Rajagopal, a Shanti Swarup Bhatnagar Awardee, Plenome focuses on developing digital applications that ensure user privacy, record security, and interoperability at scale. Co-founders include IIT Madras MS (Entrepreneurship) student Mr. Vijayaraja Rathinasamy, an embedded systems expert, and IIT Madras graduate Mr. Anirudh Varna, a blockchain specialist.

Investors include Ovington Capital Partners (Luxembourg), UAE-based AADI, and serial investor Mr. Manish Gandhi, known for backing ventures like ePlane, CynLr, GoStop, LegalKart and Fermbox.

Prof. Rajagopal said, “Our work improves access to healthcare in remote locations and enables mobile-based remote voting. We are grateful to Ovington, Ram and Manish for backing this vision. We aim to grow organically with impact in the coming years.”

Plenome was incubated from Prof. Rajagopal’s Automation and Data Engineering research group at IIT Madras’ Centre for Nondestructive Evaluation. It develops distributed ledger technologies (DLTs), or blockchain-based solutions, for safety-critical fields like healthcare, voting, and large-scale data dashboards.

Scalable Architecture with AI-Driven Insights

Plenome’s patent-protected architecture allows secure data storage and retrieval across geographies. In healthcare, its solutions ensure secure record transfers with user control and audit trails.

The start-up is also developing one of the world’s first distributed AI protocols, using its DLT backbone for logged data. This benchmarked, ground-truthed system could become critical in healthcare and e-governance.

Co-founder Vijayaraja Rathinasamy noted, “Technology should be purposeful and inclusive, delivering tangible outcomes to marginalised users.”

Anirudh Varna added, “By decentralising systems like healthcare diagnostics and secure voting, we are empowering users globally. We’re excited to scale Ashwin and BlockVote.”

Dr. Tamaswati Ghosh, CEO of the IIT Madras Incubation Cell, added, “Plenome stands out with its Blockchain- and AI-powered solutions in health tech and e-governance. We’re glad to see their first fundraise led by our ecosystem partner Ovington.”

Investors Endorse Vision for Global Impact

Marco Palacino of Ovington Capital Partners said, “Our strategy helps India-based ventures like Plenome scale globally. We support their mission of digital health and e-governance transformation.”

Manish Gandhi commented, “Plenome’s leadership team brings deep tech strengths in health and voting, where data privacy and reliability are paramount.”

K. Ramasubramanian of AADI added, “With strong IITM leadership, Plenome is solving today’s challenges while shaping tomorrow’s digital trust infrastructure.”