About Elucidata
Elucidata is a company based in San Francisco (United States) founded in 2015 by Richard ichard Kibbey, Swetabh Pathak, and Abhishek Kumar Jha. It operates as a AI-as-a-Service, Managed Services, and HealthTech. Elucidata has raised $22.7 million across 4 funding rounds from investors including IvyCap Ventures, Eight Roads Ventures and F-Prime Capital. The company has 132 employees as of June 22, 2024. Elucidata offers products and services including Polly, Data Concierge, and Bioinformatics Pipeline Building. Elucidata operates in a competitive market with competitors including IQVIA, Komodo Health, Clarify, Dental Intel and AVIA, among others.
- Headquarter San Francisco, United States
- Employees 132 as on 22 Jun, 2024
- Founders Richard ichard Kibbey, Swetabh Pathak, Abhishek Kumar Jha
- Stage Minicorn
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Sectors
HealthcareTechnology
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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 Elucidata Data Consulting Private Limited
- Date of Incorporation 22 Mar, 2016
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.3 M (USD)107.69as on Mar 31, 2022
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Net Profit
$115.9 K (USD)778.33as on Mar 31, 2022
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EBITDA
$201.27 K (USD)280.42as on Mar 31, 2022
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Total Equity Funding
$22.7 M (USD)
in 4 rounds
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Latest Funding Round
$16 M (USD), Series A
Sep 27, 2022
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Investors
IvyCap Ventures
& 3 more
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Employee Count
132
as on Jun 22, 2024
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Products & Services of Elucidata
Elucidata offers a comprehensive portfolio of products and services, including Polly, Data Concierge, and Bioinformatics Pipeline Building. 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.
AI platform harmonizes biomedical data for research.
Noise is filtered from scientific literature data.
Custom pipelines are built for data analysis.
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Funding Insights of Elucidata
Elucidata has successfully raised a total of $22.7M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in September 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 4
- Last Round Series A — $16.0M
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First Round
First Round
(18 Jun 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series A - Elucidata | Valuation | Eight Roads Ventures | |
| Dec, 2020 | Amount | Seed - Elucidata | Valuation | IvyCap Ventures Advisors | |
| Jul, 2020 | Amount | Debt – Conventional - Elucidata | 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 Elucidata
Elucidata has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include IvyCap Ventures, Eight Roads Ventures and F-Prime 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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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Investments in life sciences, technology, healthtech, and crypto sectors from global locations.
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Founded Year | Domain | Location | |
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Venture capital investments in startups from leading Indian institutions across various sectors.
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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 Elucidata
| 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 - Elucidata
| 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 |
Elucidata Comparisons
Competitors of Elucidata
Elucidata 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 IQVIA, Komodo Health, Clarify, Dental Intel and AVIA, 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 |
Clinical research and commercialization solutions are provided for healthcare.
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| domain | founded_year | HQ Location |
Data-driven insights are delivered to healthcare via AI platforms.
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| domain | founded_year | HQ Location |
Marketing and business consulting services are provided by Clarify.
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| domain | founded_year | HQ Location |
Dental intelligence is delivered via SaaS platform for performance analytics.
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| domain | founded_year | HQ Location |
Digital platform for healthcare management and networking is offered.
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| domain | founded_year | HQ Location |
Platform for hospitals to manage staff recruitments and replacements
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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 Elucidata
Frequently Asked Questions about Elucidata
When was Elucidata founded?
Elucidata was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Elucidata located?
Elucidata is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Elucidata?
Abhishek Kumar Jha is the current CEO of Elucidata. They have also founded this company.
Is Elucidata a funded company?
Elucidata is a funded company, having raised a total of $22.7M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $880K, raised on Jun 18, 2018.
How many employees does Elucidata have?
As of Jun 22, 2024, the latest employee count at Elucidata is 132.
What is the annual revenue of Elucidata?
Annual revenue of Elucidata is $2.3M as on Mar 31, 2022.
What does Elucidata do?
Elucidata is engaged in transforming drug discovery through AI-powered data solutions. Biomedical data is harmonized and integrated using the Polly platform, which supports multi-modal data types like omics, imaging, and clinical data. Solutions are provided for target identification, biomarker discovery, and patient stratification across sectors such as biopharma, precision medicine, and translational research. Scalable cloud infrastructure and secure data handling are ensured to accelerate RD outcomes and drive impactful health innovations globally.
Who are the top competitors of Elucidata?
Elucidata's top competitors include IQVIA, Komodo Health and AVIA.
What products or services does Elucidata offer?
Elucidata offers Polly, Data Concierge, and Bioinformatics Pipeline Building.
Who are Elucidata's investors?
Elucidata has 4 investors. Key investors include IvyCap Ventures, Eight Roads Ventures, F-Prime Capital, and Hyperplane.
What is Elucidata's valuation?
The valuation of Elucidata is $18.3M as of Dec 2020.
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