About Cadence
Cadence is a company based in New York (United States) founded in 2020. It operates as a HealthTech, and Managed Services. Cadence has raised $143.55 million across 3 funding rounds from investors including Coatue, General Catalyst and Thrive Capital. Cadence offers products and services including Remote Patient Monitoring and Post-Discharge Care. Cadence operates in a competitive market with competitors including Doccla, Medical Informatics, HealthSnap, Health Recovery Solutions and Reliq Health, among others.
- Headquarter New York, United States
- 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 Cadence Solutions, 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
$143.55 M (USD)
in 3 rounds
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Latest Funding Round
$102.55 M (USD), Series B
Dec 10, 2021
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Investors
Coatue
& 4 more
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Employee Count
Employee Count
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Products & Services of Cadence
Cadence offers a comprehensive portfolio of products and services, including Remote Patient Monitoring and Post-Discharge Care. 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.
Remote monitoring is provided for chronic disease management.
Post-discharge care is delivered to reduce hospital readmissions.
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Funding Insights of Cadence
Cadence has successfully raised a total of $143.55M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $102.55 million completed in December 2021. 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 3
- Last Round Series B — $102.5M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - Cadence | Valuation | Coatue | |
| Aug, 2021 | Amount | Series A - Cadence | Valuation | General Catalyst , Thrive Capital |
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| Jun, 2020 | Amount | Seed - Cadence | Valuation | Thrive Capital |
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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 Cadence
Cadence has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Coatue, General Catalyst and Thrive 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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Provider of an investment platform for various stages
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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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Early-stage technology startups are invested in by Thrive Capital.
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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 Cadence
| 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 - Cadence
| 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 |
Cadence Comparisons
Competitors of Cadence
Cadence 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 Doccla, Medical Informatics, HealthSnap, Health Recovery Solutions and Reliq Health, 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 |
Remote monitoring platforms are developed for patient health tracking.
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| domain | founded_year | HQ Location |
Provider of remote monitoring platform for healthcare organizations
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| domain | founded_year | HQ Location |
Remote patient monitoring is enabled via a digital health platform.
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| domain | founded_year | HQ Location |
Provider of cloud-based telehealth and remote monitoring platform
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| domain | founded_year | HQ Location |
Cloud-based platform for care coordination, remote monitoring, and communication
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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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Frequently Asked Questions about Cadence
When was Cadence founded?
Cadence was founded in 2020.
Where is Cadence located?
Cadence is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Cadence a funded company?
Cadence is a funded company, having raised a total of $143.55M across 3 funding rounds to date.
What does Cadence do?
Cadence is engaged in providing remote patient monitoring solutions for chronic disease management, particularly for heart failure and hypertension. Services are delivered in partnership with health systems to reduce readmissions and improve health outcomes. The company operates within the healthcare sector, leveraging technology and clinical expertise to support patients and clinicians. Solutions are designed to enhance guideline adherence and lower the total cost of care through active management and virtual care programs.
Who are the top competitors of Cadence?
Cadence's top competitors include Health Recovery Solutions, Doccla and Medical Informatics.
What products or services does Cadence offer?
Cadence offers Remote Patient Monitoring and Post-Discharge Care.
Who are Cadence's investors?
Cadence has 5 investors. Key investors include Coatue, General Catalyst, Thrive Capital, Adam Boehler, and Freesolo Ventures.
What is Cadence's valuation?
The valuation of Cadence is $1B as of Dec 2021.
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