About CoRead
CoRead is a company based in Cary (United States) founded in 2016 was acquired by Covera Health in November 2023.. CoRead has raised $20 thousand across 1 funding round from investors including Covera Health. CoRead operates in a competitive market with competitors including Bright Health Group, Wellbox, WINFertility, Melodi Health and EmVenio Research, among others.
- Headquarter Cary, United States
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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 Coread Ai 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
$20 K (USD)
in 1 rounds
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Latest Funding Round
$20 K (USD), Seed
May 18, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
Covera Health
(Nov 07, 2023)
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Funding Insights of CoRead
CoRead has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in May 2020. 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 Seed — $20,000
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First Round
First Round
(18 May 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Seed - CoRead | Valuation |
investors |
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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 CoRead
CoRead has secured backing from 1 investor. Prominent investors backing the company include Covera Health. 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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Data analytics services for healthcare are provided by Covera Health.
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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 CoRead
| 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 - CoRead
| 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 |
Coread Comparisons
Competitors of CoRead
CoRead 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 Bright Health Group, Wellbox, WINFertility, Melodi Health and EmVenio Research, 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 |
Personalized care services are delivered in the healthcare sector.
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| domain | founded_year | HQ Location |
Patient engagement and chronic care management services are provided.
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| domain | founded_year | HQ Location |
Provider of family benefit solutions to employers, health plans, and individual patients
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| domain | founded_year | HQ Location |
Patient engagement services are provided for healthcare providers.
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| domain | founded_year | HQ Location |
Clinical trials support, patient engagement, and research services are provided.
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| domain | founded_year | HQ Location |
Offers comprehensive Medicaid health plans with a holistic approach to healthcare.
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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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Frequently Asked Questions about CoRead
When was CoRead founded?
CoRead was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is CoRead located?
CoRead is headquartered in Cary, United States. It is registered at Cary, North Carolina, United States.
Is CoRead a funded company?
CoRead is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on May 18, 2020.
What does CoRead do?
CoRead provider of patient care engagement services through providing healthcare solutions, services for healthcare providers, and patient engagement. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of CoRead?
CoRead's top competitors include Melodi Health, Bright Health Group and EmVenio Research.
Who are CoRead's investors?
CoRead has 1 investor. Key investors include Covera Health.