About RIMSYS
RIMSYS is a company based in Pittsburgh (United States) founded in 2017 by James Gianoutsos.. RIMSYS has raised $25.8 million across 5 funding rounds from investors including Bessemer Venture Partners, Innovation Works and Pittsburgh Life Sciences Greenhouse. RIMSYS offers products and services including Rimsys Platform, Product Registrations, Submissions, Unique Device Identification, and Standards Management. RIMSYS operates in a competitive market with competitors including GE Healthcare, Omnicell, Enovis, ValGenesis and Sware, among others.
- Headquarter Pittsburgh, United States
- Founders James Gianoutsos
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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 Rimsys 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
$25.8 M (USD)
in 5 rounds
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Latest Funding Round
$5.3 M (USD), Series A
Mar 28, 2024
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of RIMSYS
RIMSYS offers a comprehensive portfolio of products and services, including Rimsys Platform, Product Registrations, Submissions, Unique Device Identification, and Standards Management. 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.
Cloud-based system for digitizing regulatory activities in Medtech
Manages global product registrations and expiration tracking
Facilitates authoring and assembly of regulatory applications
Handles UDI information alongside product registrations
Monitors and manages changing global standards for compliance
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Funding Insights of RIMSYS
RIMSYS has successfully raised a total of $25.8M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $5.3 million completed in March 2024. 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 A — $5.3M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - RIMSYS | Valuation |
investors |
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| Dec, 2021 | Amount | Series A - RIMSYS | Valuation | Bessemer Venture Partners | |
| Mar, 2021 | Amount | Series A - RIMSYS | Valuation |
investors |
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| 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 |
Investors in RIMSYS
RIMSYS has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Bessemer Venture Partners, Innovation Works and Pittsburgh Life Sciences Greenhouse. 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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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital is provided to high-potential tech companies in the Midwest.
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Founded Year | Domain | Location | |
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Software, hardware, and life sciences startups are funded and accelerated.
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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 RIMSYS
| 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 - RIMSYS
| 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 |
Rimsys Comparisons
Competitors of RIMSYS
RIMSYS 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 GE Healthcare, Omnicell, Enovis, ValGenesis and Sware, 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 |
Materials management solutions are provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Materials management and business analytics solutions for healthcare are provided.
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| domain | founded_year | HQ Location |
Medical devices for bracing, surgery, and recovery are manufactured.
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| domain | founded_year | HQ Location |
Validation software is provided for life sciences companies.
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| domain | founded_year | HQ Location |
Validation automation platform for regulated systems is provided.
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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 Rimsys
Frequently Asked Questions about RIMSYS
When was RIMSYS founded?
RIMSYS was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is RIMSYS located?
RIMSYS is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Is RIMSYS a funded company?
RIMSYS is a funded company, having raised a total of $25.8M across 5 funding rounds to date. The company's 1st funding round was a Series A of $3M, raised on Jun 18, 2019.
What does RIMSYS do?
RIMSYS was founded in 2017 in Pittsburgh, United States, and operates in the medical technology sector. Regulatory Information Management (RIM) software is offered to consolidate functions of regulatory affairs for medical device companies. Product registration, standards management, essential principlesGSPR, and regulatory intelligence are handled through the platform. Features for automation, navigation, digitalization, and monitoring of regulatory processes are included.
Who are the top competitors of RIMSYS?
RIMSYS's top competitors include GE Healthcare, Omnicell and Enovis.
What products or services does RIMSYS offer?
RIMSYS offers Rimsys Platform, Product Registrations, Submissions, Unique Device Identification, and Standards Management.
Who are RIMSYS's investors?
RIMSYS has 4 investors. Key investors include Bessemer Venture Partners, Innovation Works, Pittsburgh Life Sciences Greenhouse, and Allos Ventures.
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