About Amulet
Amulet is a company based in Madison (United States) founded in 2016 by Abigail Barnes. It operates as a HealthTech, and Direct-to-Consumer (D2C). Amulet has raised $5.9 million across 4 funding rounds from investors including HHS, Gener8tor and HealthX Ventures. Amulet offers products and services including Allergy Amulet and Amulet Scientific. Amulet operates in a competitive market with competitors including Allergy Amulet, SensoGenic, Dots, Nima and AllerGuard, among others.
- Headquarter Madison, United States
- Founders Abigail Barnes
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Sectors
Consumer
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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 Amulet Pbc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.9 M (USD)
in 4 rounds
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Latest Funding Round
$5.8 M (USD), Series A
Aug 12, 2024
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Investors
HHS
& 8 more
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Employee Count
Employee Count
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Products & Services of Amulet
Amulet offers a comprehensive portfolio of products and services, including Allergy Amulet and Amulet Scientific. 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.
Wearable device detects allergens in food for consumers.
Portable detection tools identify food toxins for manufacturers.
Funding Insights of Amulet
Amulet has successfully raised a total of $5.9M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.8 million completed in August 2024. 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 4
- Last Round Series A — $5.8M
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First Round
First Round
(01 Jun 2016)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Amulet | Valuation | HealthX Ventures | |
| Jul, 2023 | Amount | Grant - Amulet | Valuation |
investors |
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| Jul, 2023 | Amount | Grant - Amulet | Valuation |
investors |
| 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 Amulet
Amulet has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include HHS, Gener8tor and HealthX Ventures. 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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Investments are directed toward accessible digital healthcare solutions.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by Incite venture capital fund.
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Founded Year | Domain | Location | |
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Venture capital investments are focused on food allergy solutions.
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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 Amulet
| 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 - Amulet
| 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 |
Amulet Comparisons
Competitors of Amulet
Amulet 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 Allergy Amulet, SensoGenic, Dots, Nima and AllerGuard, 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 |
Portable food allergen sensors are offered via an online platform.
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| domain | founded_year | HQ Location |
Diagnostics biosensors for food allergens are provided by SensoGenic.
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| domain | founded_year | HQ Location |
Mobile casual and puzzle games are developed by Dots.
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| domain | founded_year | HQ Location |
Provides IoT-based testing to detect gluten presence in meals for consumer safety.
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| domain | founded_year | HQ Location |
A sensor for detecting food allergens is developed by AllerGuard.
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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 Amulet
Frequently Asked Questions about Amulet
When was Amulet founded?
Amulet was founded in 2016.
Where is Amulet located?
Amulet is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Who is the current CEO of Amulet?
Abigail Barnes is the current CEO of Amulet. They have also founded this company.
Is Amulet a funded company?
Amulet is a funded company, having raised a total of $5.9M across 4 funding rounds to date. The company's 1st funding round was a Grant of $174.51K, raised on Jun 01, 2016.
What does Amulet do?
Amulet is engaged in developing technologies to identify invisible threats within food systems. Solutions are provided through Allergy Amulet, a wearable device for consumers to detect allergens, and Amulet Scientific, which offers portable electrochemical detection for manufacturers to target food toxins and contaminants. The company operates in the health and food safety technology sectors, leveraging proprietary sensor technology calibrated for high sensitivity. Research and development efforts are supported by over 20 years of background work and peer-reviewed publications.
Who are the top competitors of Amulet?
Amulet's top competitors include Dots, Allergy Amulet and SensoGenic.
What products or services does Amulet offer?
Amulet offers Allergy Amulet and Amulet Scientific.
Who are Amulet's investors?
Amulet has 9 investors. Key investors include HHS, Gener8tor, HealthX Ventures, Incite, and AllerFund.