About MedAware
MedAware is a company based in Stamford (United States) founded in 2012 by Eytan Ruppin.. 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. MedAware operates in a competitive market with competitors including AccuRx, Pyrls, YouScript, Ameritox and Bainbridge Health, among others.
- Headquarter Stamford, United States
- Founders Eytan Ruppin
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 6 rounds
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Latest Funding Round
$8 M (USD), Series A
Aug 16, 2017
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Investors
OurCrowd
& 9 more
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Employee Count
Employee Count
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Products & Services of MedAware
MedAware offers a comprehensive portfolio of products and services, including Medication Safety Platform and AI Engine. 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.
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 Total Funding
- Total Rounds 6
- Last Round Series A — $8.0M
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First Round
First Round
(02 Oct 2014)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2017 | Amount | Series A - MedAware | Valuation |
investors |
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| Aug, 2017 | Amount | Grant - MedAware | Valuation |
investors |
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| May, 2017 | Amount | Grant - MedAware | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 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. 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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Government agency and accelerator focusing on innovative startups and SMEs
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Startup accelerator
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by MedAware
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MedAware
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Medaware Comparisons
Competitors of MedAware
MedAware 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 AccuRx, Pyrls, YouScript, Ameritox and Bainbridge Health, 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 |
Platform to increase antibiotic prescribing accuracy in primary care
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| domain | founded_year | HQ Location |
Cloud-based practical drug information platform for providers
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| domain | founded_year | HQ Location |
Clinical decision support software for drug interactions is developed.
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| domain | founded_year | HQ Location |
Pain medication monitoring solutions are provided for US clinicians.
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| domain | founded_year | HQ Location |
Provider of a clinical intelligence data analytics platform to monitor patient safety and reduce medication errors
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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 Medaware
Frequently Asked Questions about MedAware
When was MedAware founded?
MedAware was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is MedAware located?
MedAware is headquartered in Stamford, United States. It is registered at Stamford, Connecticut, United States.
Is MedAware a funded company?
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 Grant of $54.54K, raised on Oct 02, 2014.
What does MedAware do?
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.
Who are the top competitors of MedAware?
What products or services does MedAware offer?
MedAware offers Medication Safety Platform and AI Engine.
Who are MedAware's investors?
MedAware has 10 investors. Key investors include OurCrowd, General Electric, BD, European Union, and Israel Innovation Authority.