About nference
nference is a company based in Cambridge (United States) founded in 2013 by Venky Soundararajan and Murali Aravamudan.. nference has raised $193.74 million across 5 funding rounds from investors including Mayo Clinic, Matrix and Mayo Clinic Ventures. The company has 362 employees as of March 23, 2024. nference has completed 2 acquisitions, including Predible and Spectral Insights. nference offers products and services including Real World Evidence Platform, Data De-identification Algorithms, Data Quality Validation Framework, and Proprietary Knowledge Graph. nference operates in a competitive market with competitors including Elation Health, AdvancedMD, Flywheel, Verana Health and Canvas Medical, among others.
- Headquarter Cambridge, United States
- Employees 362 as on 23 Mar, 2024
- Founders Venky Soundararajan, Murali Aravamudan
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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 Nference Labs Private Limited
- Date of Incorporation 22 May, 2018
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$18.35 M (USD)73.38as on Mar 31, 2023
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Net Profit
$1.96 M (USD)73.07as on Mar 31, 2023
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EBITDA
$2.88 M (USD)53.18as on Mar 31, 2023
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Total Equity Funding
$193.74 M (USD)
in 5 rounds
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Latest Funding Round
$2.74 M (USD), Series C
Nov 04, 2022
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Investors
Mayo Clinic
& 3 more
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Employee Count
362
as on Mar 23, 2024
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Investments & Acquisitions
Predible
& 1 more
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Products & Services of nference
nference offers a comprehensive portfolio of products and services, including Real World Evidence Platform, Data De-identification Algorithms, Data Quality Validation Framework, and Proprietary Knowledge Graph. 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.
Platform for analyzing healthcare data to enhance research and treatments.
Tools to anonymize structured and unstructured healthcare data securely.
Framework for validating and curating clinical data for analysis.
System to harmonize patient data into organized variables for insights.
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Funding Insights of nference
nference has successfully raised a total of $193.74M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $2.74 million completed in November 2022. 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 Series C — $2.7M
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First Round
First Round
(06 Jun 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series C - nference | Valuation |
investors |
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| Dec, 2020 | Amount | Series C - nference | Valuation | Matrix | |
| Jan, 2020 | Amount | Series B - nference | Valuation |
investors |
| 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 nference
nference has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Mayo Clinic, Matrix and Mayo Clinic 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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Early-stage ventures are funded by the investment firm.
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Venture capital investments are provided to innovative startups by NTTVC.
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Founded Year | Domain | Location | |
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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 nference
nference has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Predible and Spectral Insights. 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.
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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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AI-based radiological analysis is provided for lung disease diagnosis.
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2016 | ||||
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Developer of hyperspectral medical imaging solutions
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2016 |
| 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 - nference
| 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 |
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Nference Comparisons
Competitors of nference
nference 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 Elation Health, AdvancedMD, Flywheel, Verana Health and Canvas Medical, 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 |
Online EHR is offered for private practice physicians' patient-centered care.
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| domain | founded_year | HQ Location |
Cloud-based practice management, electronic health record (EHR), and medical scheduling software
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| domain | founded_year | HQ Location |
Cloud-based platform for healthcare data capture and analysis is offered.
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| domain | founded_year | HQ Location |
Verana Health is focused on real-world data analytics in healthcare.
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| domain | founded_year | HQ Location |
EMR and practice management systems are provided for primary care.
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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 Nference
Frequently Asked Questions about nference
When was nference founded?
nference was founded in 2013 and raised its 1st funding round 5 years after it was founded.
Where is nference located?
nference is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of nference?
Murali Aravamudan is the current CEO of nference. They have also founded this company.
Is nference a funded company?
nference is a funded company, having raised a total of $193.74M across 5 funding rounds to date. The company's 1st funding round was a Series B of $60M, raised on Jun 06, 2018.
How many employees does nference have?
As of Mar 23, 2024, the latest employee count at nference is 362.
What is the annual revenue of nference?
Annual revenue of nference is $18.35M as on Mar 31, 2023.
What does nference do?
nference was founded in 2013 and is headquartered in Cambridge, United States. An AI platform is offered for analyzing clinical data and generating insights within the healthcare sector. Patient cohorts are designed, patient journeys are explored, and data is annotated to support model development. An advanced data science workbench is included, with capabilities for anatomical computations. Patient privacy is maintained throughout operations.
Who are the top competitors of nference?
nference's top competitors include Elation Health, HealthPlix and AdvancedMD.
What products or services does nference offer?
nference offers Real World Evidence Platform, Data De-identification Algorithms, Data Quality Validation Framework, and Proprietary Knowledge Graph.
How many acquisitions has nference made?
nference has made 2 acquisitions, including Predible, and Spectral Insights.
Who are nference's investors?
nference has 4 investors. Key investors include Mayo Clinic, Matrix, Mayo Clinic Ventures, and NTTVC.
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