About Algorics
Algorics is a Healthcare company based in Bengaluru (India) founded in 2013 by Nithiyanandhan Ananthakrishnan, and was acquired by Precision Medicine Group in May 2024. It operates as a platform for data analytics and risk management for clinical trials. It operates in the Healthcare and Technology sectors. Algorics has raised $2.16 million across 2 funding rounds from investors including Precision Medicine Group. The company has 136 employees. Algorics has completed 1 acquisition, including DOMAIN CLINICAL DATA SCIENCES. Its chief executive is Nithiyanandhan Ananthakrishnan. Its Indian entity Pinwheel Ventures Private Limited reported revenue of ₹41.22 Cr. Algorics offers products and services including Clinical Trial Management, Lab Services, and Biospecimens. Its focus areas include HealthTech, Life Sciences Tech, Research & Development and Clinical Trials. Its competitors include Medidata, Verily, TriNetX, Signant Health and WIRB-Copernicus Group and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 136
- Founders Nithiyanandhan Ananthakrishnan
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website algorics.com
- Social LinkedIn X Facebook
- Acquired by Precision Medicine Group (May 2024)
- Legal Name Pinwheel Ventures Private Limited
- Date of Incorporation 05 Dec, 2013
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹41.22 Cr
FY 2024 · +47% YoY
- Net Profit₹9.39 Cr
FY 2024 · 23% margin
- EBITDA₹12.57 Cr
FY 2024 · 30% margin
- Total Equity Funding$2.16M (USD)
in 2 rounds
- Latest Funding Round$2M (USD), Seed
Dec 2022
- Investors
- Employee Count136
- Investments & Acquisitions
- Acquired byPrecision Medicine Group
(May 2024)
Associated legal entities of Algorics
Algorics operates through Pinwheel Ventures Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Pinwheel Ventures Private Limited CIN U72900TN2013PTC094054 | Active | 05 Dec 2013 | Chennai, Tamil Nadu | ₹41.2 Cr | 136 | 3 | View details |
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.
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.
- Total Funding $2.16M
- Total Rounds 2
- Last Round Seed — $2M
- First Round $161,000
(Feb 2015)
All 2 funding rounds of Algorics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $2M | Seed | – | – | – |
| Feb 2015 | $161,000 | Angel Round | – | – | – |
1 investors in total: 1 institutional.
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 |
|---|---|---|---|---|
Provider of clinical research, development, and commercialization services for life sciences | 2012 | precisionmedicinegrp.com | Bethesda, United States |
Investor details for Algorics
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Board of directors of Pinwheel Ventures Private Limited (Algorics)
Pinwheel Ventures Private Limited is the primary company behind Algorics. The board of Pinwheel Ventures Private Limited currently have 3 directors; the longest-serving is Gunasekaran Akbar Chezhian, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gunasekaran Akbar Chezhian DIN 06741888 | Director | 05 Dec 2013 | 12 yrs 10 mo | Pinwheel Ventures Private Limited |
| Nithiyanandhan Ananthakrishnan DIN 06724459 | Director | 05 Dec 2013 | 12 yrs 10 mo | Pinwheel Ventures Private Limited |
| Sathya Thirugnana Sambandham DIN 10585670 | Additional Director | 15 Apr 2024 | 2 yrs 6 mo | Pinwheel Ventures Private Limited |
People of Algorics
9 people are tracked at Algorics (2 in leadership, 7 in team); the tracked headcount is 136.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Anonymous | Founder & CEO | Leadership |
Susan Quigley | Senior Manager, Business Operations | Team |
Maria Sumner | Marketing Consultant | Team |
Chaitanya Boddu | Senior SAS programmer ll | Team |
Vaibhav D | SAS Programmer | Team |
Nathiya Natarajan | Biostatistician Intern | Team |
Thirumalesh Enganti | Lead Statistical Programmer | Team |
Deepana Ramachandran | SAS Programmer II | Team |
Complete people profiles for Algorics
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Financials of Algorics
Figures of Pinwheel Ventures Private Limited, the primary company behind Algorics, for FY 2024. Revenue was ₹41.22 Cr (+47% year on year). Net profit was ₹9.39 Cr (23% margin). EBITDA was ₹12.57 Cr (30% margin). Revenue has grown at a compounded annual rate of +163% over three years and +78% over five years.
- ₹41.22 CrRevenue · FY 2024 · +47% YoY
- ₹9.39 CrNet profit · 23% margin
- ₹12.57 CrEBITDA · 30% margin
- ₹20 LakhPaid-up capital
- 136Employees (provident fund records)
- +163%Revenue CAGR, 3 years
- +78%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Pinwheel Ventures Private Limited are on its company page.
Detailed financial statements for Algorics
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Data management and biostatistics services are offered as a CRO. | domaincds.com | Hyderabad, India | 2011 | Jun 2021 | •••• |
Complete acquisition details for Algorics
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Timeline of Algorics
5 dated milestones of Algorics across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Algorics is founded.
- Funding First funding round of $161K.
- Acquisition Acquires DOMAIN CLINICAL DATA SCIENCES.
- Funding Latest funding round, Seed, of $2.0M.
- Exit Acquired by Precision Medicine Group.
Competitors of Algorics
Algorics has 9 listed competitors in our database, 6 of them funded. They include Medidata, Verily, TriNetX, Signant Health and WIRB-Copernicus Group, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| medidata.com | 1999 | New York, United States | $41.5M | 1,677 | Medidata is recognized as a leading provider of SaaS solutions for clinical research. | |
| verily.com | 2015 | Dallas, United States | $2.5B | – | AI-based solutions for health management are provided. | |
| trinetx.com | 2013 | Cambridge, United States | $53M | 95 | Clinical trial management software is provided for researchers and professionals. | |
| signanthealth.com | 2000 | Plymouth Meeting, United States | – | – | Signant Health is engaged in providing clinical trial technology solutions. | |
| wcgclinical.com | 2012 | Princeton, United States | – | 229 | Regulatory and ethical review services for clinical research are provided. | |
| ixico.com | 2004 | London, United Kingdom | – | 93 | AI-based medical image management and analysis solutions for healthcare organizations | |
| deep6.ai | 2013 | Pasadena, United States | $54.79M | 41 | AI enabled solutions for clinical trials | |
| clinicalink.com | 2006 | Winston-salem, United States | $13.15M | 283 | Paperless eSource and patient engagement solutions for clinical trials | |
| massivebio.com | 2014 | New York, United States | $14.13M | – | Provider of AI-based clinical trial management tool |
Detailed competitors of Algorics
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Top companies in Life Sciences Platforms & Tools
10 companies that operate in the same segment as Algorics (Life Sciences Platforms & Tools), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Medidata is recognized as a leading provider of SaaS solutions for clinical research. | 1999 | New York, New York, United States | USD 41.5 M | – | – | |
AI-based solutions for health management are provided. | 2015 | Dallas, Texas, United States | USD 2.8 B | – | 1,111 | |
Nanopore-based electronic systems for single-molecule analysis are developed. | 2005 | Oxford, Oxfordshire, United Kingdom | USD 1.34 B | USD 301.49 M | 1,372 | |
Real-world health data is provided for research and decisions. | 2012 | Menlo Park, California, United States | USD 259.16 M | – | – | |
Genetically modified cell lines are developed using AAV gene-editing platform. | 2007 | Cambridge, Cambridgeshire, United Kingdom | USD 46.29 M | – | – | |
Biological reagents and antibodies are developed for life science research. | 1998 | Cambridge, Cambridgeshire, United Kingdom | USD 78.8 M | – | – | |
Electron microscopy services and microanalysis instruments are provided. | 1956 | Waltham, Massachusetts, United States | – | USD 44.56 B | 125,000 | |
Novel therapeutics are discovered using an AI-enabled drug platform. | 2013 | New York, New York, United States | USD 456.66 M | USD 74.68 M | – | |
A platform for sharing and accessing academic research papers is provided. | 2008 | San Francisco, California, United States | USD 58.4 M | – | – | |
Developer of molecular diagnostic testing solutions | 1996 | Sunnyvale, California, United States | USD 19.1 M | USD 54.88 M | 208 |
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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. The company's 1st funding round was a Angel Round of $161K, raised on Feb 2015.
Algorics has 136 employees.
The primary company behind Algorics, Pinwheel Ventures Private Limited, reported revenue of ₹41.22 Cr for FY 2024, up 47% year on year.
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.
Algorics operates through Pinwheel Ventures Private Limited.