About Medidata
Medidata is a company based in New York (United States) founded in 1999 by Tarek Sherif was acquired by Dassault Systems in June 2019. It operates as a SaaS (Software-as-a-Service), Professional Services, and HealthTech. Medidata has raised $41.5 million across 6 funding rounds from investors including State Street, TFSCRO and Dassault Systems. Medidata has completed 4 acquisitions, including Clinical Force, Intelemage and Mytrus. Medidata offers products and services including Medidata Platform, Patient Cloud, Rave EDC, and Medidata AI. Medidata operates in a competitive market with competitors including Verily, TriNetX, Signant Health, WIRB-Copernicus Group and Deep 6 AI, among others.
- Headquarter New York, United States
- Founders Tarek Sherif
- Stage Public
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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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- Legal Name Medidata Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.5 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
State Street
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Clinical Force
& 3 more
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Acquired by
Dassault Systems
(Jun 12, 2019)
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Products & Services of Medidata
Medidata offers a comprehensive portfolio of products and services, including Medidata Platform, Patient Cloud, Rave EDC, and Medidata AI. 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.
Unified platform dedicated to clinical research transformation.
Patient-facing tools simplifying clinical trials for participants.
Advanced system for capturing and managing trial data.
Tools for reimagining trials with data insights.
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Leadership Team
127 people
Sales and Marketing
107 people
Software Development Team
71 people
Senior Team
32 people
Finance and Accounting
13 people
Legal and Compliance
12 people
Client Team
11 people
Operations Team
11 people
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Funding Insights of Medidata
Medidata has successfully raised a total of $41.5M across 6 strategic funding rounds. 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 Last Round
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First Round
First Round
(22 Mar 2002)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Unspecified - Medidata | Valuation | TFS |
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| Jul, 2016 | Amount | Post-IPO - Medidata | Valuation |
investors |
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| Jun, 2005 | Amount | Series B - Medidata | Valuation | Insight Partners |
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| 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 Medidata
Medidata has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include State Street, TFSCRO and Dassault Systems. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital is invested in niche market companies.
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Founded Year | Domain | Location | |
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US focused early & growth stage VC firm
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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 Medidata
Medidata has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Clinical Force, Intelemage and Mytrus. 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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Mobile and Web solutions helping patients to participate in clinical trials from their homes
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2009 | ||||
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Helps in the exchange of critical medical image
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2006 | ||||
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Data management and analytics solutions are offered for life sciences.
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2005 |
| 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 - Medidata
| 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 |
Medidata Comparisons
Competitors of Medidata
Medidata 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 Verily, TriNetX, Signant Health, WIRB-Copernicus Group and Deep 6 AI, 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-based solutions for health management are provided.
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| domain | founded_year | HQ Location |
Clinical trial management software is provided for researchers and professionals.
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| domain | founded_year | HQ Location |
Signant Health is engaged in providing clinical trial technology solutions.
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| domain | founded_year | HQ Location |
Regulatory and ethical review services for clinical research are provided.
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| domain | founded_year | HQ Location |
AI enabled solutions for clinical trials
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Medidata
Frequently Asked Questions about Medidata
When was Medidata founded?
Medidata was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Where is Medidata located?
Medidata is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Medidata?
Anthony Costello is the current CEO of Medidata.
Is Medidata a funded company?
Medidata is a funded company, having raised a total of $41.5M across 6 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Mar 22, 2002.
What does Medidata do?
Medidata is established as a key player in clinical research technology, offering a unified platform to streamline trial processes. Solutions are provided across data management, patient engagement, and trial operations. The company serves various sectors including biopharma, medtech, and academic organizations. Advanced AI and analytics are integrated to enhance trial efficiency and outcomes. Support is extended for complex therapeutic areas like oncology and vaccines. Decentralized trial solutions are also offered to improve accessibility for patients and sponsors.
Who are the top competitors of Medidata?
What products or services does Medidata offer?
Medidata offers Medidata Platform, Patient Cloud, Rave EDC, and Medidata AI.
How many acquisitions has Medidata made?
Medidata has made 4 acquisitions, including Clinical Force, Intelemage, and Mytrus.
Who are Medidata's investors?
Medidata has 7 investors. Key investors include State Street, TFSCRO, Dassault Systems, Insight Partners, and The Lambda Funds.
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