LeanTaaS

Santa Clara, United States Founded: 2010 • Age: 16 yrs Acquired By Bain Capital
Resource utilization and patient times are optimized via specialized tools.
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About LeanTaaS

LeanTaaS is a company based in Santa Clara (United States) founded in 2010 was acquired by Bain Capital in June 2022.. LeanTaaS has raised $241.44 million across 11 funding rounds from investors including Sedgwick, Goldman Sachs and Bain Capital. The company has 175 employees as of December 31, 2020. LeanTaaS has completed 1 acquisition, including Hospital IQ. LeanTaaS offers products and services including iQueue for Operating Rooms, iQueue for Infusion Centers, iQueue for Inpatient Flow, and Generative AI Transformation. LeanTaaS operates in a competitive market with competitors including Qventus, Pair Team, iCoreConnect, Avant-garde Health and Tendable, among others.

  • Headquarter Santa Clara, United States
  • Employees 175 as on 31 Dec, 2020
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $241.44 M (USD)

    in 11 rounds

  • Latest Funding Round
    $130 M (USD), Series D

    Dec 10, 2020

  • Investors
    Sedgwick

    & 4 more

  • Employee Count
    175

    as on Dec 31, 2020

  • Investments & Acquisitions
  • Acquired by
    Bain Capital

    (Jun 06, 2022)

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Products & Services of LeanTaaS

LeanTaaS offers a comprehensive portfolio of products and services, including iQueue for Operating Rooms, iQueue for Infusion Centers, iQueue for Inpatient Flow, and Generative AI Transformation. 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.

Primary

Software optimizes surgical schedules and increases case volumes effectively.

Tools reduce wait times and enhance staff utilization for better care.

Platform predicts patient surges and improves bed availability and throughput.

AI automates workflows to minimize staff burnout and support decision-making.

People of LeanTaaS
Headcount 50-200
Employee Profiles 32
Employee Profiles
People
Mohan Giridharadas
Founder & CEO
People
Christopher Council
Sr. IT Systems Administrator
People
Niloy Sanyal
Chief Marketing Officer
People
Joanna Munier
Corporate Controller

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Funding Insights of LeanTaaS

LeanTaaS has successfully raised a total of $241.44M across 11 strategic funding rounds. The most recent funding activity was a Series D round of $130 million completed in December 2020. 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 Rounds 11
  • Last Round Series D — $130.0M
  • First Round

    (17 Nov 2010)

  • Investors Count 4
Date Amount Transaction Name Valuation Lead Investors Investors
Dec, 2020 Amount Series D - LeanTaaS Valuation Insight Partners
Dec, 2019 Amount Series C - LeanTaaS Valuation Goldman Sachs Investment Partners
Jun, 2019 Amount Series C - LeanTaaS Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in LeanTaaS

LeanTaaS has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Sedgwick, Goldman Sachs and Bain 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investment firm scaling software and technology companies from early to late stages.
Founded Year Domain Location
Investment banking services are delivered across multiple financial sectors.
Founded Year Domain Location
Debt and equity investments are pursued across multiple sectors.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by LeanTaaS

LeanTaaS has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hospital IQ. 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.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
AI analytics platform for hospital workflow management is utilized.
2013
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - LeanTaaS

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

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Competitors of LeanTaaS

LeanTaaS 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 Qventus, Pair Team, iCoreConnect, Avant-garde Health and Tendable, 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
AI software is utilized to optimize hospital operations.
domain founded_year HQ Location
Workflow management software is provided for healthcare providers.
domain founded_year HQ Location
Cloud-based workflow solutions are offered for dental practices.
domain founded_year HQ Location
Web-based analytics platform for improving care quality and tracking performance
domain founded_year HQ Location
Cloud-based quality inspection app for nurses and carers is provided.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

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Frequently Asked Questions about LeanTaaS

When was LeanTaaS founded?

LeanTaaS was founded in 2010.

Where is LeanTaaS located?

LeanTaaS is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.

Is LeanTaaS a funded company?

LeanTaaS is a funded company, having raised a total of $241.44M across 11 funding rounds to date. The company's 1st funding round was a Series C of $14M, raised on Nov 17, 2010.

How many employees does LeanTaaS have?

As of Dec 31, 2020, the latest employee count at LeanTaaS is 175.

What does LeanTaaS do?

LeanTaaS was established in 2010 in Santa Clara, United States, within the healthcare technology sector. Operations center on delivering software solutions for enhancing resource efficiency and minimizing patient wait times. The iQueue platform is utilized to improve asset allocation in clinical settings. Broader applications extend to optimizing sales, service, manufacturing, and supply chain processes for various clients across industries.

Who are the top competitors of LeanTaaS?

LeanTaaS's top competitors include Qventus, iCoreConnect and Avant-garde Health.

What products or services does LeanTaaS offer?

LeanTaaS offers iQueue for Operating Rooms, iQueue for Infusion Centers, iQueue for Inpatient Flow, and Generative AI Transformation.

How many acquisitions has LeanTaaS made?

LeanTaaS has made 1 acquisition, including Hospital IQ.

Who are LeanTaaS's investors?

LeanTaaS has 5 investors. Key investors include Sedgwick, Goldman Sachs, Bain Capital, Insight Partners, and Goldman Sachs Investment Partners.

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