About Athelas
Athelas is a company based in Mountain View (United States) founded in 2014 by Deepika Bodapati and Tanay Tandon.. Athelas has raised $135.83 million across 4 funding rounds from investors including Tribe Capital, General Catalyst and Sequoia Capital. The company has 213 employees as of December 31, 2022. Athelas offers products and services including Athelas RCM, Athelas Ambient AI, Scribe, and Patient Care Devices. Athelas operates in a competitive market with competitors including FindAir, Medasense, Minze Health, CardioNet and Respiri, among others.
- Headquarter Mountain View, United States
- Employees 213 as on 31 Dec, 2022
- Founders Deepika Bodapati, Tanay Tandon
- Stage Unicorn
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Sectors
Healthcare
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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 Athelas 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
$135.83 M (USD)
in 4 rounds
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Latest Funding Round
$132 M (USD), Series A
Jan 31, 2022
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Investors
Tribe Capital
& 6 more
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Employee Count
213
as on Dec 31, 2022
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Products & Services of Athelas
Athelas offers a comprehensive portfolio of products and services, including Athelas RCM, Athelas Ambient AI, Scribe, and Patient Care Devices. 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.
Cloud-based platform for automating healthcare financial workflows and insights.
Service for recording and transcribing patient conversations into documentation.
AI system to automate clinical notes from medical interactions.
Internet-connected devices for patient health tracking and analysis.
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Funding Insights of Athelas
Athelas has successfully raised a total of $135.83M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $132 million completed in January 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 4
- Last Round Series A — $132.0M
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First Round
First Round
(01 Jun 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Athelas | Valuation | General Catalyst , Tribe Capital |
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| Aug, 2017 | Amount | Seed - Athelas | Valuation | Sequoia Capital | |
| Jun, 2016 | Amount | Seed - Athelas | Valuation | Y Combinator |
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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 Athelas
Athelas has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Tribe Capital, General Catalyst and Sequoia Capital. 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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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Investments are made in global seed and early-stage startups.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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 Athelas
| 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 - Athelas
| 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 |
Athelas Comparisons
Competitors of Athelas
Athelas 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 FindAir, Medasense, Minze Health, CardioNet and Respiri, 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 smart inhaler for asthma monitoring for patients
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| domain | founded_year | HQ Location |
Non-invasive pain-monitoring devices are developed for clinical settings.
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| domain | founded_year | HQ Location |
Diagnosis and monitoring solutions for voiding disorders are offered.
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| domain | founded_year | HQ Location |
Outpatient cardiac arrhythmia monitoring solutions are provided by CardioNet.
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| domain | founded_year | HQ Location |
Developer of detection tools for respiratory disorders
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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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Latest news on Athelas
Frequently Asked Questions about Athelas
When was Athelas founded?
Athelas was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Athelas located?
Athelas is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Athelas?
Tanay Tandon is the current CEO of Athelas. They have also founded this company.
Is Athelas a funded company?
Athelas is a funded company, having raised a total of $135.83M across 4 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Jun 01, 2015.
How many employees does Athelas have?
As of Dec 31, 2022, the latest employee count at Athelas is 213.
What does Athelas do?
The company was founded in 2014 and is based in Mountain View, United States. Operations focus on the health technology sector, where devices for tracking heart rate, weight, and blood pressure are developed. A key product involves a smart device that analyzes white blood cell counts from blood drops on test strips, delivering results via a connected smartphone app within two minutes to detect infection, inflammation, or leukemia risks.
Who are the top competitors of Athelas?
Athelas's top competitors include Minze Health, Medical Guardian and AvaSure.
What products or services does Athelas offer?
Athelas offers Athelas RCM, Athelas Ambient AI, Scribe, and Patient Care Devices.
Who are Athelas's investors?
Athelas has 7 investors. Key investors include Tribe Capital, General Catalyst, Sequoia Capital, Initialized Capital, and Liquid 2 Ventures.
What is Athelas's valuation?
The valuation of Athelas is $1.5B as of Jan 2022.
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