About Algomedica
Algomedica is a company based in Palo Alto (United States) founded in 2012.. Algomedica has raised $4.57 million across 2 funding rounds. Algomedica offers products and services including PixelShine. Algomedica operates in a competitive market with competitors including AIdoc, Subtle Medical, Median, AI Medical Service and eCential Robotics, among others.
- Headquarter Palo Alto, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Algomedica Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.57 M (USD)
in 2 rounds
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Latest Funding Round
$2.66 M (USD), Series A
Nov 12, 2015
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Investors
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Employee Count
Employee Count
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Products & Services of Algomedica
Algomedica offers a comprehensive portfolio of products and services, including PixelShine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Reduces noise in CT scans for better diagnostic imaging quality
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Funding Insights of Algomedica
Algomedica has successfully raised a total of $4.57M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.66 million completed in November 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.7M
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First Round
First Round
(26 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2015 | Amount | Series A - Algomedica | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Algomedica | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Algomedica
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Algomedica
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Algomedica Comparisons
Competitors of Algomedica
Algomedica operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIdoc, Subtle Medical, Median, AI Medical Service and eCential Robotics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based single-screen system is provided to streamline medical imaging.
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| domain | founded_year | HQ Location |
AI-driven solutions for medical diagnostic imaging are developed.
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| domain | founded_year | HQ Location |
Medical imaging software and services are provided for clinical trials.
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| domain | founded_year | HQ Location |
Provider of AI-based solution for diagnosis of cancer related lesions
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| domain | founded_year | HQ Location |
Robotic surgery platform for bone procedures is developed.
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| domain | founded_year | HQ Location |
Developer of diagnostic imaging agents and targeted therapeutics
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Algomedica
When was Algomedica founded?
Algomedica was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Algomedica located?
Algomedica is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Algomedica a funded company?
Algomedica is a funded company, having raised a total of $4.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.91M, raised on Jun 26, 2015.
What does Algomedica do?
Algomedica was founded in 2012 in Palo Alto, United States, and operates in the healthcare technology sector. Software solutions for low-dose CT scans are developed by the company. Its primary product, PixelShine, employs artificial neural networks to improve image quality from scans at reduced radiation levels, including as low as 10 of standard doses. The technology is compatible with various existing CT systems.
Who are the top competitors of Algomedica?
Algomedica's top competitors include AIdoc, Subtle Medical and eCential Robotics.
What products or services does Algomedica offer?
Algomedica offers PixelShine.
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