About Algorics
Algorics is a company based in Bengaluru (India) founded in 2013 by Nithiyanandhan Ananthakrishnan was acquired by Precision Medicine Group in May 2024. Algorics has raised $2.16 million across 2 funding rounds from investors including Precision Medicine Group. The company has 136 employees as of March 27, 2024. Algorics has completed 1 acquisition, including DOMAIN CLINICAL DATA SCIENCES. Algorics offers products and services including Clinical Trial Management, Lab Services, and Biospecimens. Algorics operates in a competitive market with competitors including Medidata, Verily, TriNetX, Signant Health and WIRB-Copernicus Group, among others.
- Headquarter Bengaluru, India
- Employees 136 as on 27 Mar, 2024
- Founders Nithiyanandhan Ananthakrishnan
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Pinwheel Ventures Private Limited
- Date of Incorporation 05 Dec, 2013
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$3.38 M (USD)1134.85as on Mar 31, 2023
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Net Profit
$430.5 K (USD)1976.12as on Mar 31, 2023
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EBITDA
$613.78 K (USD)2384.57as on Mar 31, 2023
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Total Equity Funding
$2.16 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Dec 22, 2022
- Investors
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Employee Count
136
as on Mar 27, 2024
- Investments & Acquisitions
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Acquired by
Precision Medicine Group
(May 29, 2024)
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Products & Services of Algorics
Algorics offers a comprehensive portfolio of products and services, including Clinical Trial Management, Lab Services, and Biospecimens.
Manages clinical trials for drug development and patient recruitment.
Provides immune monitoring and genomics testing for trials.
Handles collection and processing of biological samples.
People of Algorics
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Funding Insights of Algorics
Algorics has successfully raised a total of $2.16M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in December 2022. 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.
Investors in Algorics
Algorics has secured backing from 1 investor. Prominent investors backing the company include Precision Medicine Group.
| Investor | Description | Founded Year | Domain | Location |
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Provider of clinical research, development, and commercialization services for life sciences
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Investor details for Algorics
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Investments & Acquisitions by Algorics
Algorics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DOMAIN CLINICAL DATA SCIENCES.
Investment portfolio details for Algorics
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Data management and biostatistics services are offered as a CRO.
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Complete acquisition details for Algorics
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Financial Statements - Algorics
Detailed financials for Algorics
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Algorics Comparisons
Peer comparison for Algorics
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Competitors of Algorics
Algorics 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 Medidata, Verily, TriNetX, Signant Health and WIRB-Copernicus Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Medidata is recognized as a leading provider of SaaS solutions for clinical research.
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AI-based solutions for health management are provided.
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Clinical trial management software is provided for researchers and professionals.
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Signant Health is engaged in providing clinical trial technology solutions.
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Regulatory and ethical review services for clinical research are provided.
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AI-based medical image management and analysis solutions for healthcare organizations
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Detailed competitors of Algorics
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Latest news on Algorics
Complete news archive for Algorics
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Frequently Asked Questions about Algorics
Algorics was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Algorics is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nithiyanandhan Ananthakrishnan is the current CEO of Algorics. They have also founded this company.
Algorics is a funded company, having raised a total of $2.16M across 2 funding rounds to date.
As of Mar 27, 2024, the latest employee count at Algorics is 136.
Annual revenue of Algorics is $3.38M as on Mar 31, 2023.
Algorics was founded in 2013 in Bengaluru, India, focusing on the health technology sector. An online platform is operated for aggregating data from multiple sources, enabling visualization and analysis for clinical trials. Risk monitoring is supported through protocol-level indicators mapped to assessment outcomes. Customizable workflows are provided, ensuring traceability in interactions between central and site monitoring teams for decision-making.
Algorics offers Clinical Trial Management, Lab Services, and Biospecimens.
Algorics has made 1 acquisition, including DOMAIN CLINICAL DATA SCIENCES.
Algorics has 1 investor. Key investors include Precision Medicine Group.