About MedAware
MedAware is a Healthcare company based in Stamford (United States) founded in 2012 by Eytan Ruppin. Provider of an AI based medication dosage and safety managing software for healthcare professionals. MedAware has raised $9 million across 6 funding rounds from investors including OurCrowd, General Electric and BD. MedAware offers products and services including Medication Safety Platform and AI Engine. Its focus areas include HealthTech, Healthcare IT, Provider and Clinical Operations. Its competitors include Pyrls, YouScript and Ameritox; 1 of its 3 listed competitors has raised funding.
Company details
MedAware offers an AI-based medication dosage and safety managing software for healthcare professionals. The platform uses big data analytics and machine learning algorithms to analyze large-scale data of EMRs, to learn automatically how physicians treat patients in real-life scenarios. Prescriptions largely deviating from the spectrum of standard treatment patterns are flagged as potential errors. The company also offers MedAware Risk Management, MedAware Quality Control, and MedAware Reducing Alert Fatigue decision support tool helping clinicians, hospitals in improving patient safety and healthcare quality. It acts as a pateint safety platform as it provides safety precautions for patients medication.
- Headquarters Stamford, United States
- Founders Eytan Ruppin
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website medaware.com
- Social LinkedIn X
- Total Equity Funding$9M (USD)
in 6 rounds
- Latest Funding Round$8M (USD), Series A
Aug 2017
- InvestorsOurCrowd
& 9 more
Products & Services of MedAware
MedAware offers a comprehensive portfolio of products and services, including Medication Safety Platform and AI Engine.
AI tool that detects and prevents medication risks in healthcare.
Engine for analyzing health data to identify patient risks.
Funding Insights of MedAware
MedAware has successfully raised a total of $9M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in August 2017. 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 $9M
- Total Rounds 6
- Last Round Series A — $8M
- First Round $1M
(Oct 2014)
- Investors Count 10
All 6 funding rounds of MedAware with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | $8M | Series A | – | – | |
| Aug 2017 | $58,736 | Grant | – | – | |
| May 2017 | $54,541 | Grant | – | – | |
| Jan 2017 | $53,020 | Grant | – | – | |
| Mar 2016 | Series A | – | Dreamit | – | |
| Oct 2014 | $1M | Series A | – | – |
10 investors in total: 10 institutional.
Investors in MedAware
MedAware has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include OurCrowd, General Electric and BD.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government agency and accelerator focusing on innovative startups and SMEs | eicfund.eu | Brussels, Belgium | ||
| gefencapital.com | ||||
Startup accelerator | dreamit.com | New York, United States | ||
Business development in Israel is supported by a government organization. | 1965 | matimop.org.il | Jerusalem, Israel | |
A foundation fund supporting U.S. and Israeli companies across multiple sectors. | 1977 | birdf.com | Tel Aviv, Israel | |
BD is recognized for providing innovative medical technology solutions. | 1897 | bd.com | Franklin Lakes, United States | |
Network connecting investors to startups, venture capital funds, and alternatives | 2013 | ourcrowd.com | Jerusalem, Israel | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States |
Investor details for MedAware
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of MedAware
4 people are tracked at MedAware (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Eytan Ruppin | Co-Founder | Leadership |
David Franklin | CEO | Leadership |
Ayelet Steinberg | CFO | Leadership |
Anna Shvartsman | R&d | Team |
Complete people profiles for MedAware
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of MedAware
3 dated milestones of MedAware across 5 years, from founding to its latest funding, stage changes and deals.
- Founded MedAware is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $8.0M.
Competitors of MedAware
MedAware has 3 listed competitors in our database, 1 of them funded. They include Pyrls, YouScript and Ameritox.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| pyrls.com | 2018 | Minneapolis, United States | $125,000 | Cloud-based practical drug information platform for providers | ||
| youscript.com | 2000 | Seattle, United States | 14 | Clinical decision support software for drug interactions is developed. | ||
| ameritox.com | 1996 | Baltimore, United States | Pain medication monitoring solutions are provided for US clinicians. |
Detailed competitors of MedAware
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of MedAware
The website of MedAware (medaware.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 31.2% vs previous month
Websites whose visitors overlap most with MedAware. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ismp.org | ismp.org | 100% | #897,521 | – |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as MedAware (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Medaware
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Frequently Asked Questions about MedAware
MedAware was founded in 2012 and raised its 1st funding round 2 years after it was founded.
MedAware is headquartered in Stamford, United States. It is registered at Stamford, Connecticut, United States.
MedAware is a funded company, having raised a total of $9M across 6 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Oct 2014.
MedAware offers an AI-based medication dosage and safety managing software for healthcare professionals. The platform uses big data analytics and machine learning algorithms to analyze large-scale data of EMRs, to learn automatically how physicians treat patients in real-life scenarios. Prescriptions largely deviating from the spectrum of standard treatment patterns are flagged as potential errors. The company also offers MedAware Risk Management, MedAware Quality Control, and MedAware Reducing Alert Fatigue decision support tool helping clinicians, hospitals in improving patient safety and healthcare quality. It acts as a pateint safety platform as it provides safety precautions for patients medication.
MedAware offers Medication Safety Platform and AI Engine.
MedAware has 10 investors. Key investors include OurCrowd, General Electric, BD, European Union, and Israel Innovation Authority.