About PathAI
PathAI is a company based in Boston (United States) founded in 2016 by Andrew H Beck.. PathAI has raised $254.94 million across 5 funding rounds from investors including Kaiser Permanente, LabCorp and General Atlantic. The company has 573 employees as of December 31, 2023. PathAI has completed 1 acquisition, including Poplar Healthcare. PathAI operates in a competitive market with competitors including Viz.ai, Deepcell, Deciphex, Aignostics and Pictor Labs, among others.
- Headquarter Boston, United States
- Employees 573 as on 31 Dec, 2023
- Founders Andrew H Beck
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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 Pathai, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$254.94 M (USD)
in 5 rounds
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Latest Funding Round
$165 M (USD), Series C
May 18, 2021
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Investors
Kaiser Permanente
& 15 more
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Employee Count
573
as on Dec 31, 2023
- Investments & Acquisitions
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Leadership Team
16 people
Software Development Team
12 people
Product Management Team
10 people
Machine Team
9 people
Senior Team
7 people
Human Resources and Administration
5 people
Data Analysis and Operations Team
5 people
Clinical Team
4 people
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Funding Insights of PathAI
PathAI has successfully raised a total of $254.94M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $165 million completed in May 2021. 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 — $165.0M
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First Round
First Round
(18 Oct 2017)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series C - PathAI | Valuation | Kaiser Permanente , Tiger Global Management | |
| Nov, 2019 | Amount | Series B - PathAI | Valuation | Bristol-Myers Squibb , Merck Global Health Innovation Fund |
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| Jul, 2019 | Amount | Series B - PathAI | Valuation | LabCorp |
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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 PathAI
PathAI has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Kaiser Permanente, LabCorp and General Atlantic. 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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Private equity fund focused on global markets
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Biospring is engaged in partnering with pharma services businesses.
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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 PathAI
PathAI has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Poplar Healthcare. 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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Pathology laboratory services are operated across a chain of facilities.
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1995 |
| 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 - PathAI
| 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 |
Pathai Comparisons
Competitors of PathAI
PathAI 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 Viz.ai, Deepcell, Deciphex, Aignostics and Pictor Labs, 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 and cloud-powered software for stroke care coordination is developed.
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| domain | founded_year | HQ Location |
AI-powered single cell classification and isolation technology for clinical research
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| domain | founded_year | HQ Location |
Digital pathology software is developed for clinical and veterinary productivity.
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| domain | founded_year | HQ Location |
AI-based pathology diagnostic software is provided for medical analysis.
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| domain | founded_year | HQ Location |
AI-based tools for pathological image analysis are provided to labs.
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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 Pathai
Frequently Asked Questions about PathAI
When was PathAI founded?
PathAI was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is PathAI located?
PathAI is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of PathAI?
Andrew H Beck is the current CEO of PathAI. They have also founded this company.
Is PathAI a funded company?
PathAI is a funded company, having raised a total of $254.94M across 5 funding rounds to date.
How many employees does PathAI have?
As of Dec 31, 2023, the latest employee count at PathAI is 573.
What does PathAI do?
Provider of AI-based solutions for clinical diagnosis of cancer and other diseases. The company is applying deep learning techniques to massive aggregated sets of pathology data to build models that can automatically detect and diagnose medical conditions.
Who are the top competitors of PathAI?
PathAI's top competitors include Aignostics, Deciphex and Pictor Labs.
How many acquisitions has PathAI made?
PathAI has made 1 acquisition, including Poplar Healthcare.
Who are PathAI's investors?
PathAI has 16 investors. Key investors include Kaiser Permanente, LabCorp, General Atlantic, Bristol-Myers Squibb, and Tiger Global.
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