About Prognosys Medical Systems
Prognosys Medical Systems is a company based in Bengaluru (India) founded in 2003 was acquired by Molbio Diagnostics in February 2023.. Prognosys Medical Systems has raised $2.86 million across 5 funding rounds from investors including Molbio Diagnostics, HHS and Somerset Indus Capital Partners. Prognosys Medical Systems operates in a competitive market with competitors including Nanox, IBA, Adaptix, OXOS Medical and Lumitron Technologies, among others.
- Headquarter Bengaluru, India
- Stage Minicorn
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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 Prognosys Medical Systems Private Limited
- Date of Incorporation 07 Nov, 2003
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$3.55 M (USD)-22.74as on Mar 31, 2023
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Net Profit
$-1.68 M (USD)-39.96as on Mar 31, 2023
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EBITDA
$-879.18 K (USD)-1381.83as on Mar 31, 2023
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Total Equity Funding
$2.86 M (USD)
in 5 rounds
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Latest Funding Round
$593.79 K (USD), Seed
Feb 03, 2017
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Investors
Molbio Diagnostics
& 7 more
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Employee Count
Employee Count
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Acquired by
Molbio Diagnostics
(Feb 20, 2023)
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Funding Insights of Prognosys Medical Systems
Prognosys Medical Systems has successfully raised a total of $2.86M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $593.79 thousand completed in February 2017. 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 Seed — $593,792
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First Round
First Round
(15 Jun 2010)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Seed - Prognosys Medical Systems | Valuation | Somerset Indus Capital Partners , Chayagraphics | |
| Mar, 2014 | Amount | Seed - Prognosys Medical Systems | Valuation | Somerset Indus Capital Partners | |
| Aug, 2010 | Amount | Grant - Prognosys Medical Systems | 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 Prognosys Medical Systems
Prognosys Medical Systems has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Molbio Diagnostics, HHS and Somerset Indus Capital Partners. 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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Healthcare investments focused on accessibility, affordability, and ESG integration in India.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Graphic design and printing services are provided in Chennai.
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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 Prognosys Medical Systems
| 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 - Prognosys Medical Systems
| 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 |
Prognosys Medical Systems Comparisons
Competitors of Prognosys Medical Systems
Prognosys Medical Systems 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 Nanox, IBA, Adaptix, OXOS Medical and Lumitron Technologies, 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 |
Digital X-ray sources are developed by Nanox for cloud-based diagnostics.
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| domain | founded_year | HQ Location |
Innovative solutions for cancer treatment and industrial applications are provided by IBA.
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| domain | founded_year | HQ Location |
Planar X-ray radiology products for diagnostic imaging are supplied.
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| domain | founded_year | HQ Location |
Orthopedic imaging devices and software are developed for surgical use.
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| domain | founded_year | HQ Location |
See-through x-ray imaging systems for medical applications are developed.
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| domain | founded_year | HQ Location |
Developer of X-ray imaging diagnostic devices for medical applications
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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 Prognosys Medical Systems
Frequently Asked Questions about Prognosys Medical Systems
When was Prognosys Medical Systems founded?
Prognosys Medical Systems was founded in 2003 and raised its 1st funding round 7 years after it was founded.
Where is Prognosys Medical Systems located?
Prognosys Medical Systems is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Prognosys Medical Systems a funded company?
Prognosys Medical Systems is a funded company, having raised a total of $2.86M across 5 funding rounds to date. The company's 1st funding round was a Grant of $2.05M, raised on Jun 15, 2010.
What is the annual revenue of Prognosys Medical Systems?
Annual revenue of Prognosys Medical Systems is $3.55M as on Mar 31, 2023.
What does Prognosys Medical Systems do?
Prognosys Medical Systems was established in 2003 in Bengaluru, India, within the medical devices sector. High-end technologies for radiology and imaging applications are designed and produced. Business operations include high-frequency X-ray systems, digital radiography, C-arms, tele-radiology, telemedicine, home health care, m-health solutions, and accessories such as automatic film processors. The companys domain is prognosysmedical.com.
Who are the top competitors of Prognosys Medical Systems?
Who are Prognosys Medical Systems's investors?
Prognosys Medical Systems has 8 investors. Key investors include Molbio Diagnostics, HHS, Somerset Indus Capital Partners, Chayagraphics, and Mayur Anand Sirdesai.
What is Prognosys Medical Systems's valuation?
The valuation of Prognosys Medical Systems is $12.11M as of Feb 2017.
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