About HiLabs
HiLabs is a company based in Olney (United States) founded in 2014 by Neel Butala and Amit Garg.. HiLabs has raised $39.25 million across 2 funding rounds from investors including Eight Roads Ventures, Denali Growth and F-Prime Capital. The company has 125 employees as of April 09, 2024. HiLabs operates in a competitive market with competitors including ApolloMed, Genomics, Assurecare, Patients Know Best and ZeOmega, among others.
- Headquarter Olney, United States
- Employees 125 as on 09 Apr, 2024
- Founders Neel Butala, Amit Garg
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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 Hilabs India Private Limited
- Date of Incorporation 20 Dec, 2021
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$4.58 M (USD)3467.31as on Mar 31, 2023
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Net Profit
$264.64 K (USD)2928.32as on Mar 31, 2023
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EBITDA
$387.73 K (USD)3057.6as on Mar 31, 2023
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Total Equity Funding
$39.25 M (USD)
in 2 rounds
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Latest Funding Round
$39 M (USD), Series B
Mar 14, 2024
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Investors
Eight Roads Ventures
& 2 more
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Employee Count
125
as on Apr 09, 2024
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Funding Insights of HiLabs
HiLabs has successfully raised a total of $39.25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $39 million completed in March 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 B — $39.0M
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First Round
First Round
(27 Oct 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - HiLabs | Valuation | Eight Roads Ventures , Denali Growth | |
| Oct, 2017 | Amount | Seed - HiLabs | 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 HiLabs
HiLabs has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Eight Roads Ventures, Denali Growth 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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Growth equity firm partnering with healthcare tech companies for investments and support.
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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 HiLabs
| 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 - HiLabs
| 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 |
Hilabs Comparisons
Competitors of HiLabs
HiLabs 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 ApolloMed, Genomics, Assurecare, Patients Know Best and ZeOmega, 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 |
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| domain | founded_year | HQ Location |
Health ecosystem participants are connected and provider support is integrated.
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| domain | founded_year | HQ Location |
Genomic risk assessment and prevention platform is provided.
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| domain | founded_year | HQ Location |
Digital population health management is provided for healthcare professionals.
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| domain | founded_year | HQ Location |
Personal health records software is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Population health management software is provided to payers and providers.
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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 Hilabs
Frequently Asked Questions about HiLabs
When was HiLabs founded?
HiLabs was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is HiLabs located?
HiLabs is headquartered in Olney, United States. It is registered at Olney, Maryland, United States.
Who is the current CEO of HiLabs?
Amit Garg is the current CEO of HiLabs. They have also founded this company.
Is HiLabs a funded company?
HiLabs is a funded company, having raised a total of $39.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Oct 27, 2017.
How many employees does HiLabs have?
As of Apr 09, 2024, the latest employee count at HiLabs is 125.
What is the annual revenue of HiLabs?
Annual revenue of HiLabs is $4.58M as on Mar 31, 2023.
What does HiLabs do?
Founded in 2014 and headquartered in Olney, United States, HiLabs operates in the health technology sector. A DIY data science platform is offered to health organizations, enabling data integration from multiple systems and visualization of patient profiles through various data attributes. This supports exploration of member and patient populations for actionable insights. The companys leadership includes co-founders Neel Butala as Chief Medical Officer and Amit Garg as CEO.
Who are the top competitors of HiLabs?
HiLabs's top competitors include Patients Know Best, Assurecare and Rimidi Diabetes.
Who are HiLabs's investors?
HiLabs has 3 investors. Key investors include Eight Roads Ventures, Denali Growth, and F-Prime Capital.
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