About Medsense
Medsense is a company based in Seattle (United States) founded in 2018.. Medsense has raised $2.45 million across 2 funding rounds from investors including HealthX Ventures. The company has 1 employees as of December 31, 2016. Medsense offers products and services including Sensors and Hardware, Mobile App, Medication Data and Insights, and Notification Engine. Medsense operates in a competitive market with competitors including Navenio, Converge, Point One Navigation, TRX Systems and Imagimob, among others.
- Headquarter Seattle, United States
- Employees 1 as on 31 Dec, 2016
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Sectors
TechnologyHealthcare
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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
$2.45 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Jan 11, 2024
- Investors
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Employee Count
1
as on Dec 31, 2016
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Products & Services of Medsense
Medsense offers a comprehensive portfolio of products and services, including Sensors and Hardware, Mobile App, Medication Data and Insights, and Notification 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.
Hardware that converts containers into smart devices for tracking adherence.
App-free system empowering patients to manage medication without downloads.
Platform providing insights on adherence and patient outcomes via analytics.
Engine for sending reminders and notifications to improve medication compliance.
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Funding Insights of Medsense
Medsense has successfully raised a total of $2.45M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in January 2024. 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 2
- Last Round Seed — $1.0M
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First Round
First Round
(06 Dec 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Medsense | Valuation |
investors |
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| Dec, 2022 | Amount | Seed - Medsense | Valuation | HealthX Ventures |
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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 Medsense
Medsense has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include HealthX Ventures. 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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Investments are directed toward accessible digital healthcare solutions.
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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 Medsense
| 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 - Medsense
| 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 |
Medsense Comparisons
Competitors of Medsense
Medsense 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 Navenio, Converge, Point One Navigation, TRX Systems and Imagimob, 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 |
Sensor-based location monitoring systems are provided for healthcare workforce.
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| domain | founded_year | HQ Location |
Sensor networks are utilized for monitoring construction sites.
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| domain | founded_year | HQ Location |
Cloud-based ultra-precise location services are delivered via GPS and sensors.
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| domain | founded_year | HQ Location |
Sensor fusion algorithms for indoor tracking systems are developed.
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| domain | founded_year | HQ Location |
Sensor fusion is applied to learn movements from wearable data.
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| domain | founded_year | HQ Location |
AI and cloud-based motion gesture recognition systems are provided.
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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 Medsense
When was Medsense founded?
Medsense was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Medsense located?
Medsense is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Medsense a funded company?
Medsense is a funded company, having raised a total of $2.45M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.45M, raised on Dec 06, 2022.
How many employees does Medsense have?
As of Dec 31, 2016, the latest employee count at Medsense is 1.
What does Medsense do?
Founded in 2018 and based in Seattle, United States, Medsense operates in the health technology sector. Sensors are attached to medication containers to capture usage data upon opening, which is then shared with family members and healthcare providers. An accompanying application delivers reminders for medication intake through notifications, text messages, automated calls, and smart speaker integrations, supporting adherence monitoring.
Who are the top competitors of Medsense?
Medsense's top competitors include Converge, Point One Navigation and Navenio.
What products or services does Medsense offer?
Medsense offers Sensors and Hardware, Mobile App, Medication Data and Insights, and Notification Engine.
Who are Medsense's investors?
Medsense has 1 investor. Key investors include HealthX Ventures.
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