About Parity Computing
Parity Computing is a Healthcare company based in San Diego (United States) founded in 2001 by Mark Land, Chris Rosin, and Ramamohan Paturi, and was acquired by Elsevier in July 2019. Provider of AI-based platform for clinical analytics. The company has 66 employees. Its Indian entity Parity Computing India Private Limited reported revenue of ₹17.91 Cr. The company was acqui-hired. Its focus areas include HealthTech, Healthcare IT, Provider and Clinical Operations.
Company details
Parity Computing provides an AI-based platform for clinical analytics. It provides solutions for actionable clinical analytics, alerting, and patient response prediction. The platform enables real-time predictive applications to support clinicians in the early detection of critical disease states early detection enables rapid response, driving better patient outcomes and lower healthcare costs.
- Headquarters San Diego, United States
- Employees 66
- Founders Mark Land, Chris Rosin, Ramamohan Paturi
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website paritycomputing.com
- Social LinkedIn X
- Acquired by Elsevier (Jul 2019)
- Legal Name Parity Computing India Private Limited
- Date of Incorporation 14 Nov, 2005
- Jurisdiction Bengaluru, Karnataka, India
Associated legal entities of Parity Computing
Parity Computing operates through Parity Computing India Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parity Computing India Private Limited CIN U72200KA2005FTC037664 | Amalgamated | 14 Nov 2005 | Bengaluru, Karnataka | ₹17.9 Cr | 66 | 2 | View details |
Funding Insights of Parity Computing
- Total Rounds 1
- Last Round Grant — $149,848
- First Round $149,848
(Sep 2011)
- Investors Count 1
All 1 funding rounds of Parity Computing with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2011 | $149,848 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Parity Computing
Parity Computing has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Elsevier and HHS.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Public health and human services are overseen by HHS. | 1953 | hhs.gov | ||
Information solutions for science, health, and technology professionals are provided. | 1880 | elsevier.com | Amsterdam, Netherlands |
Investor details for Parity Computing
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Board of directors of Parity Computing India Private Limited (Parity Computing)
Parity Computing India Private Limited is the primary company behind Parity Computing. The board of Parity Computing India Private Limited currently have 2 directors; the longest-serving is Pankaj Nangia, appointed in 2015. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Nangia DIN 07282050 | Director | 07 Sep 2015 | 11 yrs 1 mo | Parity Computing India Private Limited |
| Shanker Kaul DIN 07802976 | Director | 11 Sep 2019 | 7 yrs 1 mo | Parity Computing India Private Limited |
People of Parity Computing
4 people are tracked at Parity Computing (4 in leadership); the tracked headcount is 66.
| Name | Role | Group |
|---|---|---|
Mark Land | Co-Founder | Leadership |
Chris Rosin | Co-Founder | Leadership |
| Co-Founder & Chairman | Leadership | |
Ganesh M V | Managing Director | Leadership |
Complete people profiles for Parity Computing
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Financials of Parity Computing
Figures of Parity Computing India Private Limited, the primary company behind Parity Computing, for FY 2022. Revenue was ₹17.91 Cr (+37% year on year). Net profit was ₹1.59 Cr (9% margin). EBITDA was ₹2.39 Cr (13% margin). Revenue has grown at a compounded annual rate of +41% over three years and +37% over five years.
- ₹17.91 CrRevenue · FY 2022 · +37% YoY
- ₹1.59 CrNet profit · 9% margin
- ₹2.39 CrEBITDA · 13% margin
- ₹1 LakhPaid-up capital
- 66Employees (provident fund records)
- +41%Revenue CAGR, 3 years
- +37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Parity Computing India Private Limited are on its company page.
Detailed financial statements for Parity Computing
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Timeline of Parity Computing
3 dated milestones of Parity Computing across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Parity Computing is founded.
- Funding First funding round of $150K.
- Exit Acquired by Elsevier.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Parity Computing (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Parity Computing
Complete news archive for Parity Computing
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Frequently Asked Questions about Parity Computing
Parity Computing was founded in 2001 and raised its 1st funding round 10 years after it was founded.
Parity Computing is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Parity Computing has 66 employees.
The primary company behind Parity Computing, Parity Computing India Private Limited, reported revenue of ₹17.91 Cr for FY 2022, up 37% year on year.
Parity Computing provides an AI-based platform for clinical analytics. It provides solutions for actionable clinical analytics, alerting, and patient response prediction. The platform enables real-time predictive applications to support clinicians in the early detection of critical disease states early detection enables rapid response, driving better patient outcomes and lower healthcare costs.
Parity Computing operates through Parity Computing India Private Limited.
Yes. Parity Computing was acquired by Elsevier in July 2019.
The legal entities of Parity Computing currently have 2 directors, including Pankaj Nangia, Shanker Kaul.