About Bluesight
Bluesight is a company based in Alexandria (United States) founded in 2011 by Tim Kress-Spatz and Kevin Macdonald.. Bluesight has raised $10.5 million across 2 funding rounds from investors including New Leaf Venture Partners, Thoma Bravo and Easton Capital Investment Group. The company has 115 employees as of December 31, 2022. Bluesight has completed 3 acquisitions, including Medacist, Protenus and Sectyr. Bluesight offers products and services including RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring. Bluesight operates in a competitive market with competitors including HelioMetrics and DocRX, among others.
- Headquarter Alexandria, United States
- Employees 115 as on 31 Dec, 2022
- Founders Tim Kress-Spatz, Kevin Macdonald
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.5 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
New Leaf Venture Partners
& 4 more
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Employee Count
115
as on Dec 31, 2022
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Investments & Acquisitions
Medacist
& 2 more
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Products & Services of Bluesight
Bluesight offers a comprehensive portfolio of products and services, including RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring. 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.
Automates restocking and tracking of medications in hospitals
Monitors and prevents drug diversion in healthcare settings
Modernizes retail purchasing for pharmacy operations
Optimizes drug purchasing and handles shortages compliance
Detects and manages privacy violations in healthcare data
Funding Insights of Bluesight
Bluesight has successfully raised a total of $10.5M across 2 strategic funding rounds. 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 Last Round
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First Round
First Round
(16 Jul 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Private Equity Round - Bluesight | Valuation | Thoma Bravo | |
| Jul, 2013 | Amount | Series A - Bluesight | Valuation | New Leaf Venture Partners |
| 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 Bluesight
Bluesight has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include New Leaf Venture Partners, Thoma Bravo and Easton Capital Investment 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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Software and technology-enabled services companies are targeted for investment.
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Stage-agnostic investments in US life sciences are managed.
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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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Venture capital is directed toward companies in multiple sectors.
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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 Bluesight
Bluesight has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Medacist, Protenus and Sectyr. 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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Cloud-based compliance solutions are provided for healthcare regulatory needs.
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2017 | ||||
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AI-based insider threat detection and prevention solutions for healthcare sector
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2014 | ||||
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Provider of drug diversion and dosage solutions for healthcare industry
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| 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 - Bluesight
| 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 |
Bluesight Comparisons
Competitors of Bluesight
Bluesight 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 HelioMetrics and DocRX, 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 |
Offers software to detect and analyze drug diversions in healthcare settings.
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| domain | founded_year | HQ Location |
Offers physician dispensing, medical supplies, and compliance services for healthcare.
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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 Bluesight
Frequently Asked Questions about Bluesight
When was Bluesight founded?
Bluesight was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Bluesight located?
Bluesight is headquartered in Alexandria, United States.
Who is the current CEO of Bluesight?
Kevin Macdonald is the current CEO of Bluesight. They have also founded this company.
Is Bluesight a funded company?
Bluesight is a funded company, having raised a total of $10.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10.5M, raised on Jul 16, 2013.
How many employees does Bluesight have?
As of Dec 31, 2022, the latest employee count at Bluesight is 115.
What does Bluesight do?
AI-based medication data and analytics platform for pharmacies. It offers pharmaceutical intelligence and provides hospital pharmacies solutions for managing drug diversion, RFID medication monitoring, and pharmacy purchasing. They provide cloud-based software that uses data from electronic medical records and automated dispensing cabinets to proactively detect drug diversion. Additionally, they offer a practice guide for drug diversion programs and use analytics to improve drug spending and workflows.
Who are the top competitors of Bluesight?
Bluesight's top competitors include HelioMetrics and DocRX.
What products or services does Bluesight offer?
Bluesight offers RFID Medication Management, KitCheck Anywhere, ControlCheck, CostCheck, and Patient Privacy Monitoring.
How many acquisitions has Bluesight made?
Who are Bluesight's investors?
Bluesight has 5 investors. Key investors include New Leaf Venture Partners, Thoma Bravo, Easton Capital Investment Group, Sands Capital Ventures, and LionBird.
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