About PrecisionGx
PrecisionGx is a company based in Philadelphia (United States) founded in 2015 was acquired by Trend Health Partners in October 2023.. PrecisionGx has raised $3.05 million across 2 funding rounds from investors including Trend Health Partners, FCA Venture Partners and Commerce Ventures. PrecisionGx operates in a competitive market with competitors including Perfios, ABI Health, Osigu, Healspan and Ribbon Health, among others.
- Headquarter Philadelphia, United States
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Sectors
Financial ServicesHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Precisiongx 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
$3.05 M (USD)
in 2 rounds
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Latest Funding Round
$1.14 M (USD), Series A
May 10, 2022
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Investors
Trend Health Partners
& 2 more
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Employee Count
Employee Count
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Acquired by
Trend Health Partners
(Oct 24, 2023)
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Funding Insights of PrecisionGx
PrecisionGx has successfully raised a total of $3.05M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.14 million completed in May 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 2
- Last Round Series A — $1.1M
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First Round
First Round
(17 Oct 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - PrecisionGx | Valuation | FCA Venture Partners | |
| Oct, 2018 | Amount | Seed - PrecisionGx | Valuation |
investors |
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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 PrecisionGx
PrecisionGx has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Trend Health Partners, FCA Venture Partners and Commerce 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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Offline-focused VC firm investing primarily in the US
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Founded Year | Domain | Location | |
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Investment in retail and financial services technologies.
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Founded Year | Domain | Location | |
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Provider of credit balance recovery, financial transaction, and other services
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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 PrecisionGx
| 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 - PrecisionGx
| 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 |
Precisiongx Comparisons
Competitors of PrecisionGx
PrecisionGx 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 Perfios, ABI Health, Osigu, Healspan and Ribbon Health, 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Online claims processing is facilitated for the insurance industry.
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| domain | founded_year | HQ Location |
Insurance policies and claims are managed via an automated platform.
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| domain | founded_year | HQ Location |
Predictive analytics platform is provided for healthcare providers.
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| domain | founded_year | HQ Location |
AI-based platform for clinical data sharing and management is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Precisiongx
Frequently Asked Questions about PrecisionGx
When was PrecisionGx founded?
PrecisionGx was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is PrecisionGx located?
PrecisionGx is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is PrecisionGx a funded company?
PrecisionGx is a funded company, having raised a total of $3.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.91M, raised on Oct 17, 2018.
What does PrecisionGx do?
AI-based health plan analytics solutions for health insurers. It offers an AI-based platform for health insurers with payment solutions. The company uses its proprietary vectorization for the payers core data sets with the help of machine learning to provide consumable data. The platform also provides insights for contract negotiations, detects inappropriate billing patterns, and manages risk through future predictions, drug management, population health analysis, and policy design.
Who are the top competitors of PrecisionGx?
PrecisionGx's top competitors include Perfios, ABI Health and Healspan.
Who are PrecisionGx's investors?
PrecisionGx has 3 investors. Key investors include Trend Health Partners, FCA Venture Partners, and Commerce Ventures.
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