About Care.ai
Care.ai is a company based in Orlando (United States) founded in 2019 by Chakri Toleti was acquired by Stryker in August 2024.. Care.ai has raised $27 million across 1 funding round from investors including Stryker and Crescent Cove Advisors. Care.ai operates in a competitive market with competitors including Health Catalyst, CitiusTech, Azalea Health, CompuGroup Medical and IKS Health, among others.
- Headquarter Orlando, United States
- Founders Chakri Toleti
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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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Funding Insights of Care.ai
Care.ai has successfully raised a total of $27M through 1 strategic funding round. The most recent funding activity was a Series B round of $27 million completed in November 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 1
- Last Round Series B — $27.0M
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First Round
First Round
(22 Nov 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2022 | Amount | Series B - Care.ai | Valuation | Crescent Cove Advisors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Care.ai
Care.ai has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Stryker and Crescent Cove Advisors. 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 firm offering growth capital and advisory to technology companies.
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3D-printed orthopedic products are manufactured for medical applications.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Care.ai
| 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 - Care.ai
| 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 |
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Care.Ai Comparisons
Competitors of Care.ai
Care.ai 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 Health Catalyst, CitiusTech, Azalea Health, CompuGroup Medical and IKS 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 |
Cloud-based data analytics are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Provider of AI solutions for clinical, operational, and business outcomes
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| domain | founded_year | HQ Location |
EHR Platform with integrated Telehealth, Mobile health and RCM solutions for healthcare providers
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| domain | founded_year | HQ Location |
Suite of practice management, reimbursement, laboratory and analytics solutions to healthcare providers
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| domain | founded_year | HQ Location |
Provider of healthcare technology and services for revenue cycle management and clinical support
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| domain | founded_year | HQ Location |
E-prescription and secure messaging solutions are offered to healthcare providers.
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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 Care.Ai
Frequently Asked Questions about Care.ai
When was Care.ai founded?
Care.ai was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Care.ai located?
Care.ai is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Who is the current CEO of Care.ai?
Chakri Toleti is the current CEO of Care.ai. They have also founded this company.
Is Care.ai a funded company?
Care.ai is a funded company, having raised a total of $27M across 1 funding round to date. The company's 1st funding round was a Series B of $27M, raised on Nov 22, 2022.
What does Care.ai do?
AI-powered smart facility platform for hospitals. It utilizes ambient intelligence and artificial intelligence to enhance patient care and operational efficiency within healthcare facilities which include virtual care, virtual nursing, workforce optimization, patient protocol monitoring, compliance process management, and real-time decision support.
Who are the top competitors of Care.ai?
Care.ai's top competitors include IKS Health, Innovaccer and CompuGroup Medical.
Who are Care.ai's investors?
Care.ai has 2 investors. Key investors include Stryker, and Crescent Cove Advisors.
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