About Panalgo
Panalgo is a company based in Boston (United States) founded in 1996 was acquired by MMIT Network in September 2021.. Panalgo has raised $78 million across 1 funding round from investors including MMIT Network, Evaluate and Silversmith. Panalgo offers products and services including IHD Analytics, IHD Cloud, and NorstellaLinQ. Panalgo operates in a competitive market with competitors including Komodo Health, Clarify, Elucidata, IDBS and Reliant AI, among others.
- Headquarter Boston, United States
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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 Panalgo, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$78 M (USD)
in 1 rounds
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Latest Funding Round
$78 M (USD), Series C
May 15, 2019
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Investors
MMIT Network
& 3 more
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Employee Count
Employee Count
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Acquired by
MMIT Network
(Sep 28, 2021)
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Products & Services of Panalgo
Panalgo offers a comprehensive portfolio of products and services, including IHD Analytics, IHD Cloud, and NorstellaLinQ. 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.
Self-service platform for real-world evidence analysis and reporting.
Solution for centralizing RWE data and analytics efficiently.
Integrated data source for biopharma drug development insights.
Funding Insights of Panalgo
Panalgo has successfully raised a total of $78M through 1 strategic funding round. The most recent funding activity was a Series C round of $78 million completed in May 2019. 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 1
- Last Round Series C — $78.0M
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First Round
First Round
(15 May 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series C - Panalgo | Valuation | Silversmith , Transformation Capital |
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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 Panalgo
Panalgo has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include MMIT Network, Evaluate and Silversmith. 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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Venture capital firm investing in technology and healthcare sectors
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Founded Year | Domain | Location | |
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Healthcare startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Pharmaceutical market intelligence and forecasting solutions are provided by Evaluate.
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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 Panalgo
| 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 - Panalgo
| 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 |
Panalgo Comparisons
Competitors of Panalgo
Panalgo 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 Komodo Health, Clarify, Elucidata, IDBS and Reliant 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 |
Data-driven insights are delivered to healthcare via AI platforms.
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| domain | founded_year | HQ Location |
Marketing and business consulting services are provided by Clarify.
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| domain | founded_year | HQ Location |
Elucidata is focused on AI-powered biomedical data solutions for drug discovery and precision medicine.
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| domain | founded_year | HQ Location |
Data management is provided for research teams' screening experiments.
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| domain | founded_year | HQ Location |
GenAI-powered analytics software is provided for biopharma secondary research.
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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 Panalgo
Frequently Asked Questions about Panalgo
When was Panalgo founded?
Panalgo was founded in 1996 and raised its 1st funding round 23 years after it was founded.
Where is Panalgo located?
Panalgo is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Panalgo a funded company?
Panalgo is a funded company, having raised a total of $78M across 1 funding round to date. The company's 1st funding round was a Series C of $78M, raised on May 15, 2019.
What does Panalgo do?
Panalgo was founded in 1996 in Boston, United States, operating in the healthcare analytics sector. Software solutions are delivered to clinics for evaluating patient care quality and value. Codes are generated to help life science firms assess product worth. Research is designed and executed to measure medical technology impacts. Analytics are streamlined to support decision-making among pharma, payers, and providers.
Who are the top competitors of Panalgo?
Panalgo's top competitors include Komodo Health, Elucidata and Bluenote AI.
What products or services does Panalgo offer?
Panalgo offers IHD Analytics, IHD Cloud, and NorstellaLinQ.
Who are Panalgo's investors?
Panalgo has 4 investors. Key investors include MMIT Network, Evaluate, Silversmith, and Transformation Capital.
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