About Faro Health
Faro Health is a company based in San Diego (United States) founded in 2019 by Scott Chetham. It operates as a SaaS (Software-as-a-Service). Faro Health has raised $35 million across 2 funding rounds from investors including General Catalyst, Polaris Partners and Zetta Venture Partners. The company has 20 employees as of December 31, 2021. Faro Health offers products and services including Faro Study Designer. Faro Health operates in a competitive market with competitors including Medidata, Verily, TriNetX, WIRB-Copernicus Group and Signant Health, among others.
- Headquarter San Diego, United States
- Employees 20 as on 31 Dec, 2021
- Founders Scott Chetham
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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 Faro Health, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$35 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series B
Feb 08, 2023
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Investors
General Catalyst
& 4 more
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Employee Count
20
as on Dec 31, 2021
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Products & Services of Faro Health
Faro Health offers a comprehensive portfolio of products and services, including Faro Study Designer.
Software for designing efficient clinical trial protocols.
People of Faro Health
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Funding Insights of Faro Health
Faro Health has successfully raised a total of $35M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in February 2023. 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.
Investors in Faro Health
Faro Health has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include General Catalyst, Polaris Partners and Zetta Venture Partners.
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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US focused venture capital firm
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Seed and early-stage tech investments are made in the US.
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Investor details for Faro Health
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Investments & Acquisitions by Faro Health
Investment portfolio details for Faro Health
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Financial Statements - Faro Health
Detailed financials for Faro Health
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Faro Health Comparisons
Peer comparison for Faro Health
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Competitors of Faro Health
Faro Health 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 Medidata, Verily, TriNetX, WIRB-Copernicus Group and Signant Health, among others.
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Medidata is recognized as a leading provider of SaaS solutions for clinical research.
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AI-based solutions for health management are provided.
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Clinical trial management software is provided for researchers and professionals.
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Regulatory and ethical review services for clinical research are provided.
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Signant Health is engaged in providing clinical trial technology solutions.
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AI-based medical image management and analysis solutions for healthcare organizations
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Detailed competitors of Faro Health
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Latest news on Faro Health
Complete news archive for Faro Health
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Frequently Asked Questions about Faro Health
Faro Health was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Faro Health is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Scott Chetham is the current CEO of Faro Health. They have also founded this company.
Faro Health is a funded company, having raised a total of $35M across 2 funding rounds to date.
As of Dec 31, 2021, the latest employee count at Faro Health is 20.
Faro Health is engaged in providing AI-powered software solutions for clinical trial protocol design. The company operates in the healthcare and biotechnology sector, offering tools like Faro Study Designer to optimize trial efficiency, reduce costs, and enhance patient-friendliness. Their solutions are built to accelerate protocol creation, improve documentation accuracy, and enable data-driven insights through real-world data and generative AI capabilities.
Faro Health offers Faro Study Designer.
Faro Health has 5 investors. Key investors include General Catalyst, Polaris Partners, Zetta Venture Partners, Northpond Ventures, and S32.