About Fabric
Fabric is a company based in New York (United States) founded in 2021 by Aniq Rahman. It operates as a AI-as-a-Service, SaaS (Software-as-a-Service), and HealthTech. Fabric has raised $80 million across 2 funding rounds from investors including General Catalyst, Thrive Capital and Google Ventures. Fabric has completed 2 acquisitions, including GYANT and UCM Digital Health. Fabric offers products and services including Virtual Care Platform, AI Assistant, and Intake & Care Guides. Fabric operates in a competitive market with competitors including TigerConnect, Ferrum Health, Regard, Mendel Health and Radformation, among others.
- Headquarter New York, United States
- Founders Aniq Rahman
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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 Fabric Labs, 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
$80 M (USD)
in 2 rounds
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Latest Funding Round
$60 M (USD), Series A
Feb 21, 2024
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Investors
General Catalyst
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
GYANT
& 1 more
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Products & Services of Fabric
Fabric offers a comprehensive portfolio of products and services, including Virtual Care Platform, AI Assistant, and Intake & Care Guides. 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.
Platform automates symptom gathering for streamlined care delivery.
AI guides patients to appropriate care access points.
Digital intake reduces wait times for patient visits.
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Funding Insights of Fabric
Fabric has successfully raised a total of $80M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $60 million completed in February 2024. 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 2
- Last Round Series A — $60.0M
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First Round
First Round
(30 Mar 2023)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Fabric | Valuation | General Catalyst | |
| Mar, 2023 | Amount | Seed - Fabric | Valuation |
investors |
| 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 Fabric
Fabric has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include General Catalyst, Thrive Capital and Google Ventures. 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 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 | |
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Corporate backed venture capital fund investing in multiple 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 Fabric
Fabric has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GYANT and UCM Digital Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of teleconsultation and healthcare management software for employees and patients
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2020 | ||||
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Provider of a chatbot for medical diagnosis
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fabric
| 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 |
Fabric Comparisons
Competitors of Fabric
Fabric 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 TigerConnect, Ferrum Health, Regard, Mendel Health and Radformation, 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 |
Provider of a cloud-based collaboration and communication platform for healthcare professionals
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| domain | founded_year | HQ Location |
Medical data is analyzed via AI for population health management.
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| domain | founded_year | HQ Location |
EHR data is analyzed by AI platform to deliver insights.
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| domain | founded_year | HQ Location |
A clinical AI platform for life sciences and healthcare organizations that deciphers health data
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| domain | founded_year | HQ Location |
Decision support technologies for radiation therapy planning are developed.
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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 Fabric
Frequently Asked Questions about Fabric
When was Fabric founded?
Fabric was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is Fabric located?
Fabric is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Fabric?
Aniq Rahman is the current CEO of Fabric. They have also founded this company.
Is Fabric a funded company?
Fabric is a funded company, having raised a total of $80M across 2 funding rounds to date. The company's 1st funding round was a Seed of $20M, raised on Mar 30, 2023.
What does Fabric do?
Fabric is established as a leading care enablement system focused on simplifying and automating healthcare experiences. Solutions are developed for health systems, health plans, employers, and brokers. The platform integrates AI-driven tools, virtual care services, and patient engagement features. Operational and clinical efficiencies are achieved through automation of administrative tasks and streamlined care delivery. Consumer-grade care experiences are offered to improve outcomes and reduce costs across various healthcare sectors.
Who are the top competitors of Fabric?
Fabric's top competitors include TigerConnect, Mendel Health and Ferrum Health.
What products or services does Fabric offer?
Fabric offers Virtual Care Platform, AI Assistant, and Intake & Care Guides.
How many acquisitions has Fabric made?
Fabric has made 2 acquisitions, including GYANT, and UCM Digital Health.
Who are Fabric's investors?
Fabric has 7 investors. Key investors include General Catalyst, Thrive Capital, Google Ventures, Salesforce Ventures, and Vast Ventures.
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