About Ferrum Health
Ferrum Health is a company based in Sunnyvale (United States) founded in 2017 by Kenneth Ko and Pelu Tran.. Ferrum Health has raised $31 million across 3 funding rounds from investors including WellStar, Singtel Innov8 and Foundry. The company has 17 employees as of December 31, 2024. Ferrum Health offers products and services including AI Orchestrator and Catalog Validation. Ferrum Health operates in a competitive market with competitors including TigerConnect, Fabric, Regard, Radformation and Cloudphysician, among others.
- Headquarter Sunnyvale, United States
- Employees 17 as on 31 Dec, 2024
- Founders Kenneth Ko, Pelu Tran
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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 Ferrum Health 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
$31 M (USD)
in 3 rounds
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Latest Funding Round
$16 M (USD), Series A
Aug 02, 2024
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Investors
WellStar
& 10 more
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Employee Count
17
as on Dec 31, 2024
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Products & Services of Ferrum Health
Ferrum Health offers a comprehensive portfolio of products and services, including AI Orchestrator and Catalog Validation. 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.
Enables secure deployment of clinical AI algorithms for healthcare.
Validates AI solutions on patient data to prevent bias and ensure transparency.
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Funding Insights of Ferrum Health
Ferrum Health has successfully raised a total of $31M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $16 million completed in August 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 3
- Last Round Series A — $16.0M
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First Round
First Round
(09 Apr 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Ferrum Health | Valuation | Foundry | |
| Jan, 2023 | Amount | Seed - Ferrum Health | Valuation | Urban Innovation Fund , Cercano Management |
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| Apr, 2020 | Amount | Seed - Ferrum Health | Valuation | Blumberg Capital |
| 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 Ferrum Health
Ferrum Health has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include WellStar, Singtel Innov8 and Foundry. 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 is invested in early-stage tech startups.
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Founded Year | Domain | Location | |
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Headwater Ventures is focused on investing in health technology startups.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early and growth stage technology companies.
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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 Ferrum Health
| 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 - Ferrum Health
| 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 |
Ferrum Health Comparisons
Competitors of Ferrum Health
Ferrum 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 TigerConnect, Fabric, Regard, Radformation and Cloudphysician, 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 |
A care enablement system is provided for healthcare and clinics.
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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 |
Decision support technologies for radiation therapy planning are developed.
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| domain | founded_year | HQ Location |
AI-powered video monitoring is provided for intensive care units.
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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 Ferrum Health
Frequently Asked Questions about Ferrum Health
When was Ferrum Health founded?
Ferrum Health was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Ferrum Health located?
Ferrum Health is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of Ferrum Health?
Pelu Tran is the current CEO of Ferrum Health. They have also founded this company.
Is Ferrum Health a funded company?
Ferrum Health is a funded company, having raised a total of $31M across 3 funding rounds to date. The company's 1st funding round was a Seed of $9M, raised on Apr 09, 2020.
How many employees does Ferrum Health have?
As of Dec 31, 2024, the latest employee count at Ferrum Health is 17.
What does Ferrum Health do?
Ferrum Health was founded in 2017 in Sunnyvale, United States, within the healthcare technology sector. AI-based software is developed for analyzing medical data to support population health management. Advanced machine learning algorithms are applied to process data, generating insights and recommendations that aid patient care. Hospital systems are provided with quality assurance for decisions throughout the patient care continuum.
Who are the top competitors of Ferrum Health?
Ferrum Health's top competitors include TigerConnect, Fabric and Mendel Health.
What products or services does Ferrum Health offer?
Ferrum Health offers AI Orchestrator and Catalog Validation.
Who are Ferrum Health's investors?
Ferrum Health has 11 investors. Key investors include WellStar, Singtel Innov8, Foundry, Headwater Ventures, and Blumberg Capital.