About Med-Compliance IQ
Med-Compliance IQ is a company based in Powell (United States) founded in 2015.. Med-Compliance IQ has raised $555.02 thousand across 5 funding rounds from investors including HHS and Ohio Department of Development. Med-Compliance IQ offers products and services including WoundWiseIQ App and Image Analytics Tool. Med-Compliance IQ operates in a competitive market with competitors including Change Healthcare, AIdoc, Cleerly, eCential Robotics and AI Medical Service, among others.
- Headquarter Powell, United States
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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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- Legal Name Med-Compliance Iq, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$555.02 K (USD)
in 5 rounds
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Latest Funding Round
$225 K (USD), Grant
May 16, 2018
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Investors
HHS
& 1 more
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Employee Count
Employee Count
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Products & Services of Med-Compliance IQ
Med-Compliance IQ offers a comprehensive portfolio of products and services, including WoundWiseIQ App and Image Analytics Tool. 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.
Mobile application for capturing and analyzing wound images accurately.
Patented algorithms for precise wound area calculation and trending.
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Funding Insights of Med-Compliance IQ
Med-Compliance IQ has successfully raised a total of $555.02K across 5 strategic funding rounds. The most recent funding activity was a Grant round of $225 thousand completed in May 2018. 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 5
- Last Round Grant — $225,000
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First Round
First Round
(12 Sep 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2018 | Amount | Grant - Med-Compliance IQ | Valuation |
investors |
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| Dec, 2017 | Amount | Seed - Med-Compliance IQ | Valuation |
investors |
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| Dec, 2017 | Amount | Debt – Conventional - Med-Compliance IQ | Valuation |
investors |
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| 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 Med-Compliance IQ
Med-Compliance IQ has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Ohio Department of Development. 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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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Economic development services for Ohio businesses are provided.
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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 Med-Compliance IQ
| 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 - Med-Compliance IQ
| 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 |
Med-Compliance Iq Comparisons
Competitors of Med-Compliance IQ
Med-Compliance IQ 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 Change Healthcare, AIdoc, Cleerly, eCential Robotics and AI Medical Service, 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 |
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
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| domain | founded_year | HQ Location |
AI-based single-screen system is provided to streamline medical imaging.
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| domain | founded_year | HQ Location |
Atherosclerotic plaque is quantified by AI using coronary CT angiograms.
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| domain | founded_year | HQ Location |
Robotic surgery platform for bone procedures is developed.
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| domain | founded_year | HQ Location |
Provider of AI-based solution for diagnosis of cancer related lesions
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| domain | founded_year | HQ Location |
AI-guided software is utilized to automate MRI exams for clinicians.
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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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Frequently Asked Questions about Med-Compliance IQ
When was Med-Compliance IQ founded?
Med-Compliance IQ was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Med-Compliance IQ located?
Med-Compliance IQ is headquartered in Powell, United States. It is registered at Powell, Wyoming, United States.
Is Med-Compliance IQ a funded company?
Med-Compliance IQ is a funded company, having raised a total of $555.02K across 5 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 12, 2016.
What does Med-Compliance IQ do?
Med-Compliance IQ is focussed on developing compliance software solutions for health care companies. As of Sep 2017, it is starting first with the commercialization of patent-pending HIPPA-compliant mobile application called WoundWise IQ. The app can be used to capture the perimeter and planimetric characteristics of the wound and it has inbuilt algorithms that analyze the data and report the results. It also adds the new information to the patients record and feeds into a cloud-based provider, decision support system that is also part of the app.
Who are the top competitors of Med-Compliance IQ?
Med-Compliance IQ's top competitors include Change Healthcare, AIdoc and eCential Robotics.
What products or services does Med-Compliance IQ offer?
Med-Compliance IQ offers WoundWiseIQ App and Image Analytics Tool.
Who are Med-Compliance IQ's investors?
Med-Compliance IQ has 2 investors. Key investors include HHS, and Ohio Department of Development.