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. 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.
Manages clinical trials for drug development and patient recruitment.
Provides immune monitoring and genomics testing for trials.
Handles collection and processing of biological samples.
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(04 Feb 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Algorics | Valuation |
investors |
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| Feb, 2015 | Amount | Angel Round - Algorics | 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 |
Investors in Algorics
Algorics has secured backing from 1 investor. Prominent investors backing the company include Precision Medicine Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Algorics
Algorics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include DOMAIN CLINICAL DATA SCIENCES. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Algorics
| 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 |
Algorics Comparisons
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. 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 |
Medidata is recognized as a leading provider of SaaS solutions for clinical research.
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| domain | founded_year | HQ Location |
AI-based solutions for health management are provided.
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| domain | founded_year | HQ Location |
Clinical trial management software is provided for researchers and professionals.
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| domain | founded_year | HQ Location |
Signant Health is engaged in providing clinical trial technology solutions.
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| domain | founded_year | HQ Location |
Regulatory and ethical review services for clinical research are provided.
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| domain | founded_year | HQ Location |
AI-based medical image management and analysis solutions for healthcare organizations
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Algorics
Frequently Asked Questions about Algorics
When was Algorics founded?
Algorics was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Algorics located?
Algorics is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Algorics?
Nithiyanandhan Ananthakrishnan is the current CEO of Algorics. They have also founded this company.
Is Algorics a funded 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 04, 2015.
How many employees does Algorics have?
As of Mar 27, 2024, the latest employee count at Algorics is 136.
What is the annual revenue of Algorics?
Annual revenue of Algorics is $3.38M as on Mar 31, 2023.
What does Algorics do?
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.
Who are the top competitors of Algorics?
What products or services does Algorics offer?
Algorics offers Clinical Trial Management, Lab Services, and Biospecimens.
How many acquisitions has Algorics made?
Algorics has made 1 acquisition, including DOMAIN CLINICAL DATA SCIENCES.
Who are Algorics's investors?
Algorics has 1 investor. Key investors include Precision Medicine Group.
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