Prashanth Ray Profile Photo
Prashanth Ray
Prashanth Ray

Entrepreneur  ·  Executive (CEO/CPO)

Entrepreneur  ·  Executive (CEO/CPO)

Hyderabad, India

Currently building Nuevata

prashanth@nuevata.com

About me

I build medical technology that surgeons actually use.

For 7 years I've worked the full arc of a healthcare product — lab → operating room → revenue. I started in research (IIT Bombay, then Johns Hopkins), co-founded a 3D-printed implant company, and took it from zero to $1M ARR on ISO 13485 manufacturing. I'm most useful in the zero-to-one stage: ambiguous, resource-constrained, the part where the job is to find product–market fit, build the team, and make the handful of calls that turn a clinical insight into a business.

Today I'm doing that again with Nuevata: surgical intelligence for open surgery.

Experience

Hyderabad, India

Nuevata—Surgical Intelligence Platform

2025 – Present

Cofounder & Director

Building an AI-powered surgical intelligence platform: a 4K head-mounted capture device paired with SaaS analytics that quantifies surgical actions, measures proficiency, and delivers post-operative insight.

  • Architecting the full stack — capture hardware, cloud video processing, and AI analytics for open surgical specialties

  • Designing the surgical video library, live-streaming engine, and tele-mentorship layer that lets expertise scale beyond the room.

  • Leading the raise: investor materials, financial model, and unit economics across a multi-stream model (device sales, SaaS subscriptions, enterprise events, data services).

Nagpur, India

LUCID Implants

2019 – Present

Cofounder & Director

Hands-on founder-operator who built an end-to-end, surgeon-centric pipeline for patient-specific 3D-printed craniomaxillofacial and orthopaedic implants; drove 6× revenue growth, achieved ISO manufacturing scale, and sustained EBITDA-positive performance.

  • Grew revenue from ₹0 to ₹7 Cr ARR and a pipeline of ~100 monthly orders by building the commercial go-to-market engine.

  • Scaled from bench prototype to ISO 13485 cleanroom production (metal & polymer additive manufacturing), lifting planned capacity from 288 to 4,032 units/year.

  • Secured MoUs with tertiary hospitals and teaching institutes (AIIMS Raipur, GDC Nagpur, HCG, KIMS) and converted them into recurring contracts and government tenders.

  • Built a 50+ authorised distributor network and the surgeon-engagement programmes that drove onboarding and repeat orders.

  • Led investor engagement and term-sheet negotiation for ~₹2 Cr in angel funding for cleanroom build-out and capex.

Baltimore, USA

Johns Hopkins University

2018

Visiting Researcher

Invited for research on bioinspired materials and healthcare 3D printing. The findings became the technical basis for founding LUCID.

  • Researched bioinspired materials and advanced 3D-printing for clinical applications under faculty mentorship; translated the experimental work into a viable clinical pathway.

Nagpur, India

BETiC, IIT Bombay

2017 – 2019

Researcher

Led transdisciplinary research on bioactive bone scaffolds using hydroxyapatite (HA) and β-tricalcium phosphate (β-TCP) via additive manufacturing.

  • Engineered patient-matched porous scaffolds tuned for osteoconductivity and controlled resorption.

  • Ran the full translational pipeline: in-vitro characterisation, in-vivo animal studies, and clinical case studies showing bone regeneration.

  • Turned the research into a manufacturing protocol — the direct foundation for LUCID.

Education

Vancouver, Canada

Corporate Finance Institute® (CFI)

Financial Modeling & Valuation Analyst (FMVA)®

Financial modelling, valuation, DCF analysis, comparable company analysis, precedent transactions, accounting, strategy, and presentation design.

Nagpur, India

Visvesvaraya National Institute of Technology (VNIT)

Bachelor's Degree

National institute of importance; academic foundation in engineering complemented by entrepreneurial pursuits and translational research.