About CipherHealth
CipherHealth is a company based in New York (United States) founded in 2009 by Randy Cheung.. CipherHealth has raised $37.58 million across 4 funding rounds from investors including Canadian Imperial Bank of Commerce, Blue Owl Capital and JMI Management. CipherHealth offers products and services including CipherOutreach and CipherRounds. CipherHealth operates in a competitive market with competitors including Zimmer Biomet, ConnectiveRx, ixLayer, Hyro and PatientPoint, among others.
- Headquarter New York, United States
- Founders Randy Cheung
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Cipherhealth 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
$37.58 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Canadian Imperial Bank of Commerce
& 2 more
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Employee Count
Employee Count
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Products & Services of CipherHealth
CipherHealth offers a comprehensive portfolio of products and services, including CipherOutreach and CipherRounds. 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.
Sends automated reminders and messages for patient engagement.
Facilitates digital rounds to improve patient interactions.
Funding Insights of CipherHealth
CipherHealth has successfully raised a total of $37.58M across 4 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 4
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - CipherHealth | Valuation |
investors |
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| Aug, 2020 | Amount | Debt – Conventional - CipherHealth | Valuation |
investors |
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| May, 2018 | Amount | Private Equity Round - CipherHealth | Valuation | JMI Management |
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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 CipherHealth
CipherHealth has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Blue Owl Capital and JMI Management. 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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Blue Owl Capital is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Private equity firm investing in software companies
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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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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 CipherHealth
| 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 - CipherHealth
| 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 |
Cipherhealth Comparisons
Competitors of CipherHealth
CipherHealth 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 Zimmer Biomet, ConnectiveRx, ixLayer, Hyro and PatientPoint, 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 |
Medical devices for multiple health purposes are manufactured.
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| domain | founded_year | HQ Location |
Provider of patient engagement and prior authorization solutions
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| domain | founded_year | HQ Location |
Provider of cloud-based solution for precision and population health testing
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| domain | founded_year | HQ Location |
An AI-based conversational platform is provided for healthcare task automation.
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| domain | founded_year | HQ Location |
Patient engagement solutions for healthcare providers at point of care
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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 Cipherhealth
Frequently Asked Questions about CipherHealth
When was CipherHealth founded?
CipherHealth was founded in 2009.
Where is CipherHealth located?
CipherHealth is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of CipherHealth?
Jake Pyles is the current CEO of CipherHealth.
Is CipherHealth a funded company?
CipherHealth is a funded company, having raised a total of $37.58M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $37.58M, raised on Oct 01, 2009.
What does CipherHealth do?
CipherHealth is a patient engagement company that uses predictive analytics to analyze clinical data and improve quality of care. The CipherHealth EVOLVE suite of technology solutions include -- Echo, tool for discharge instruction adherence; Voice, a post-discharge follow-up program; Orchid,a nurse rounding tool used on a smartphone; Link, wearable technology that tracks patient progress post-discharge and View, a care management platform. The company claims to help hospitals reduce readmission risks. It caters to providers, payors and patients.
Who are the top competitors of CipherHealth?
CipherHealth's top competitors include Hyro, ixLayer and Upfront Healthcare.
What products or services does CipherHealth offer?
CipherHealth offers CipherOutreach and CipherRounds.
Who are CipherHealth's investors?
CipherHealth has 3 investors. Key investors include Canadian Imperial Bank of Commerce, Blue Owl Capital, and JMI Management.
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