About Iodine Software
Iodine Software is a company based in Austin (United States) founded in 2010 by William Chan and Mike Kadyan was acquired by Waystar in July 2025.. The company has 131 employees as of December 31, 2022. Iodine Software has completed 2 acquisitions, including Artifact Health and ChartWise Medical Systems. Iodine Software operates in a competitive market with competitors including Lifen, Nuance, Intellinetics, Layer Health and Ambience, among others.
- Headquarter Austin, United States
- Employees 131 as on 31 Dec, 2022
- Founders William Chan, Mike Kadyan
- Stage Unicorn
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Waystar
& 3 more
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Employee Count
131
as on Dec 31, 2022
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Investments & Acquisitions
Artifact Health
& 1 more
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Acquired by
Waystar
(Jul 23, 2025)
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Funding Insights of Iodine Software
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Iodine Software | Valuation | Advent International |
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| Jun, 2018 | Amount | Seed - Iodine Software | Valuation | Bain Capital Ventures |
| 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 Iodine Software
Iodine Software has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Waystar, Advent International and Bain Capital 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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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology and healthcare 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 Iodine Software
Iodine Software has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Artifact Health and ChartWise Medical Systems. 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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Patient treatment queries are resolved via cloud-based doctor responses.
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2014 | ||||
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Clinical documentation and coding solutions are developed for hospitals.
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2009 |
| 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 - Iodine Software
| 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 |
Iodine Software Comparisons
Competitors of Iodine Software
Iodine Software 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 Lifen, Nuance, Intellinetics, Layer Health and Ambience, 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 |
Medical documents are exchanged digitally through an online platform.
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| domain | founded_year | HQ Location |
Conversational AI solutions are provided for enterprise customer experiences.
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| domain | founded_year | HQ Location |
Document management and scanning services are provided for multiple sectors.
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| domain | founded_year | HQ Location |
AI-powered software for clinical documentation management in hospitals is developed.
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| domain | founded_year | HQ Location |
AI-based medical scribe software is provided for healthcare 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 Iodine Software
Frequently Asked Questions about Iodine Software
When was Iodine Software founded?
Iodine Software was founded in 2010 and raised its 1st funding round 8 years after it was founded.
Where is Iodine Software located?
Iodine Software is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of Iodine Software?
William Chan is the current CEO of Iodine Software. They have also founded this company.
How many employees does Iodine Software have?
As of Dec 31, 2022, the latest employee count at Iodine Software is 131.
What does Iodine Software do?
Iodine Software was founded in 2010 in Austin, United States, within the healthcare technology sector. An AI-driven platform is offered to support clinical documentation integrity and mid-cycle revenue management. Clinical data is analyzed by the solution to prioritize cases and organize information based on requirements, thereby streamlining documentation processes for healthcare providers. Operations focus on optimization tools that integrate with existing workflows.
Who are the top competitors of Iodine Software?
Iodine Software's top competitors include Lifen, Nuance and Layer Health.
How many acquisitions has Iodine Software made?
Iodine Software has made 2 acquisitions, including Artifact Health, and ChartWise Medical Systems.
Who are Iodine Software's investors?
Iodine Software has 4 investors. Key investors include Waystar, Advent International, Bain Capital Ventures, and Silversmith.
What is Iodine Software's valuation?
The valuation of Iodine Software is $1B as of Nov 2021.
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