About Rhyme
Rhyme is a company founded in 2014 by Joe Anstine and Amol Arora.. Rhyme has raised $35.5 million across 3 funding rounds from investors including Health2047, Insight Partners and Panoramic Ventures. Rhyme offers products and services including LiveAuth. Rhyme operates in a competitive market with competitors including NantHealth, SamaCare, Glidian, Cohere Health and OncoHealth, among others.
- Founders Joe Anstine, Amol Arora
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35.5 M (USD)
in 3 rounds
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Latest Funding Round
$25 M (USD), Series C
Feb 14, 2022
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Investors
Health2047
& 6 more
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Employee Count
Employee Count
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Products & Services of Rhyme
Rhyme offers a comprehensive portfolio of products and services, including LiveAuth. 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.
Facilitates real-time prior authorization decisions for payers and providers
Funding Insights of Rhyme
Rhyme has successfully raised a total of $35.5M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in February 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 3
- Last Round Series C — $25.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series C - Rhyme | Valuation | Insight Partners | |
| May, 2018 | Amount | Series A - Rhyme | Valuation | BIP Capital | |
| Oct, 2015 | Amount | Seed - Rhyme | Valuation | Rev1 Ventures |
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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 Rhyme
Rhyme has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Health2047, Insight Partners and Panoramic 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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Investment firm scaling software and technology companies from early to late stages.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Rhyme
| 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 - Rhyme
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Rhyme Comparisons
Competitors of Rhyme
Rhyme 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 NantHealth, SamaCare, Glidian, Cohere Health and OncoHealth, 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 |
Bioinformatics platforms are provided for cancer treatment identification.
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| domain | founded_year | HQ Location |
Platform for managing prior authorization solutions in healthcare is offered.
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| domain | founded_year | HQ Location |
Platform to track and submit prior authorization forms
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| domain | founded_year | HQ Location |
Prior authorization solutions are provided to enhance patient care.
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| domain | founded_year | HQ Location |
OncoHealth is focused on delivering oncology-focused digital health solutions.
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| domain | founded_year | HQ Location |
Provider of complex condition management solutions for health plans and providers
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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 Rhyme
Frequently Asked Questions about Rhyme
When was Rhyme founded?
Rhyme was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Who is the current CEO of Rhyme?
Joe Anstine is the current CEO of Rhyme. They have also founded this company.
Is Rhyme a funded company?
Rhyme is a funded company, having raised a total of $35.5M across 3 funding rounds to date.
What does Rhyme do?
Rhyme was founded in 2014 as a platform in the healthcare sector. Electronic prior authorization solutions are provided to connect payers and providers. Workflows are streamlined through intelligent automation, reducing manual back-and-forth communications. Time efficiency is improved in the authorization process, with operations focused on the U.S. market. Core services include workflow integration and data exchange for better coordination.
Who are the top competitors of Rhyme?
Rhyme's top competitors include NantHealth, SamaCare and Glidian.
What products or services does Rhyme offer?
Rhyme offers LiveAuth.
Who are Rhyme's investors?
Rhyme has 7 investors. Key investors include Health2047, Insight Partners, Panoramic Ventures, BIP Capital, and NCT Ventures.