About SCIO Health Analytics
SCIO Health Analytics is a company based in West Hartford (United States) founded in 2007 by Karthik Krishnaswami was acquired by EXL in May 2018.. SCIO Health Analytics has raised $17.93 million across 3 funding rounds from investors including EXL, SVB and Saama Capital. The company has 1,683 employees as of April 08, 2024. SCIO Health Analytics has completed 3 acquisitions, including CVInfosys, Data Intel and SOCRATES. SCIO Health Analytics operates in a competitive market with competitors including Functional Finance, InsurePay, Ascend, AIR Worldwide and ePayPolicy, among others.
- Headquarter West Hartford, United States
- Employees 1683 as on 08 Apr, 2024
- Founders Karthik Krishnaswami
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Sectors
HealthcareFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Scioinspire Consulting Services (India) Private Limited
- Date of Incorporation 07 Nov, 2007
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$23.63 M (USD)38.99as on Mar 31, 2023
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Net Profit
$2.09 M (USD)16.97as on Mar 31, 2023
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EBITDA
$3.94 M (USD)17.46as on Mar 31, 2023
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Total Equity Funding
$17.93 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series B
Jan 14, 2015
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Investors
EXL
& 3 more
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Employee Count
1683
as on Apr 08, 2024
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Investments & Acquisitions
CVInfosys
& 2 more
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Acquired by
EXL
(May 01, 2018)
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Funding Insights of SCIO Health Analytics
SCIO Health Analytics has successfully raised a total of $17.93M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in January 2015. 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 B — $2.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2015 | Amount | Series B - SCIO Health Analytics | Valuation |
investors |
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| Oct, 2009 | Amount | Series B - SCIO Health Analytics | Valuation |
investors |
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| May, 2008 | Amount | Series A - SCIO Health Analytics | 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 SCIO Health Analytics
SCIO Health Analytics has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EXL, SVB and Saama Capital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital investments and partnerships in diverse sectors.
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Founded Year | Domain | Location | |
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Banking services are provided to innovative companies, investors, and individuals.
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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 SCIO Health Analytics
SCIO Health Analytics has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CVInfosys, Data Intel and SOCRATES. 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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Medicare Advantage risk adjustment solutions are provided to health plans.
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2006 | ||||
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Business intelligence solutions for pharmaceutical sales and marketing are provided.
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2006 | ||||
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Offers comprehensive HR management services to businesses.
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1991 |
| 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 - SCIO Health Analytics
| 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 |
Scio Health Analytics Comparisons
Competitors of SCIO Health Analytics
SCIO Health Analytics 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 Functional Finance, InsurePay, Ascend, AIR Worldwide and ePayPolicy, 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 |
Online payment platform for insurance companies
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| domain | founded_year | HQ Location |
Cloud-based payroll integration is provided for insurance premium collection.
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| domain | founded_year | HQ Location |
Online insurance payments and premium financing are enabled for businesses.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions for insurance are provided.
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| domain | founded_year | HQ Location |
Insurance payments are collected online via ACH and credit cards.
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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 Scio Health Analytics
Frequently Asked Questions about SCIO Health Analytics
When was SCIO Health Analytics founded?
SCIO Health Analytics was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is SCIO Health Analytics located?
SCIO Health Analytics is headquartered in West Hartford, United States. It is registered at West Hartford, Connecticut, United States.
Is SCIO Health Analytics a funded company?
SCIO Health Analytics is a funded company, having raised a total of $17.93M across 3 funding rounds to date.
How many employees does SCIO Health Analytics have?
As of Apr 08, 2024, the latest employee count at SCIO Health Analytics is 1,683.
What is the annual revenue of SCIO Health Analytics?
Annual revenue of SCIO Health Analytics is $23.63M as on Mar 31, 2023.
What does SCIO Health Analytics do?
Founded in 2007 and headquartered in West Hartford, United States, operations are focused on the healthcare sector. Payment integrity solutions are delivered to support organizations in identifying claims errors, overpayments, and other issues. Consumer analytics are offered to generate insights into preferences and behaviors that influence engagement. The SCIOMine suite is utilized for analytics, audit workflows, and reporting to facilitate informed decision-making by health managers.
Who are the top competitors of SCIO Health Analytics?
SCIO Health Analytics's top competitors include Functional Finance, Ascend and AIR Worldwide.
How many acquisitions has SCIO Health Analytics made?
SCIO Health Analytics has made 3 acquisitions, including CVInfosys, Data Intel, and SOCRATES.
Who are SCIO Health Analytics's investors?
SCIO Health Analytics has 4 investors. Key investors include EXL, SVB, Saama Capital, and Sequoia Capital.