About SimX
SimX is a company based in Mountain View (United States) founded in 2013 by Ryan Ribeira and Karthik V Sarma was acquired by Madison Industries in November 2024.. SimX has raised $2.82 million across 3 funding rounds from investors including Madison Industries, AFWERX and U.S. Air Force. The company has 35 employees as of December 31, 2022. SimX offers products and services including SimX VR Platform, SimX Marketplace, and Virtual Manikin Series. SimX operates in a competitive market with competitors including Fundamental Surgery, Oxford Medical Simulation, Osso VR, Proximie and apoQlar, among others.
- Headquarter Mountain View, United States
- Employees 35 as on 31 Dec, 2022
- Founders Ryan Ribeira, Karthik V Sarma
-
Sectors
HealthcareTechnology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Simx
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.82 M (USD)
in 3 rounds
-
Latest Funding Round
$1.25 M (USD), Grant
Oct 08, 2024
-
Investors
Madison Industries
& 2 more
-
Employee Count
35
as on Dec 31, 2022
-
Acquired by
Madison Industries
(Nov 18, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of SimX
SimX offers a comprehensive portfolio of products and services, including SimX VR Platform, SimX Marketplace, and Virtual Manikin Series. 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.
Platform for creating and accessing medical training scenarios.
Repository of virtual patient encounters for healthcare education.
Interactive VR manikins for realistic clinical practice.
Funding Insights of SimX
SimX has successfully raised a total of $2.82M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.25 million completed in October 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 3
- Last Round Grant — $1.2M
-
First Round
First Round
(19 Feb 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Grant - SimX | Valuation |
investors |
|
| Feb, 2023 | Amount | Seed - SimX | Valuation | Air Force |
|
| Feb, 2020 | Amount | Seed - SimX | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SimX
SimX has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Madison Industries, AFWERX and U.S. Air Force. 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 |
|---|---|---|---|---|
|
AFWERX is recognized as the innovation arm of the U.S. Department of the Air Force, focused on cultivating and transitioning emerging technologies for defense purposes.
|
Founded Year | Domain | Location | |
|
The U.S. Air Force is engaged in national defense and airpower operations.
|
Founded Year | Domain | Location | |
|
Medical devices are manufactured diversely across various applications.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SimX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - SimX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simx Comparisons
Competitors of SimX
SimX 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 Fundamental Surgery, Oxford Medical Simulation, Osso VR, Proximie and apoQlar, 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 |
AI-based surgical simulation is enabled via VR and haptics.
|
|
| domain | founded_year | HQ Location |
VR-based medical training systems are developed for patient care simulations.
|
|
| domain | founded_year | HQ Location |
Virtual reality platform for surgical training is provided.
|
|
| domain | founded_year | HQ Location |
Provider of a cloud-based VR platform for surgery guidance
|
|
| domain | founded_year | HQ Location |
VR-based learning devices for surgeons are provided by apoQlar.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Simx
Frequently Asked Questions about SimX
When was SimX founded?
SimX was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is SimX located?
SimX is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of SimX?
Ryan Ribeira is the current CEO of SimX. They have also founded this company.
Is SimX a funded company?
SimX is a funded company, having raised a total of $2.82M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.12M, raised on Feb 19, 2020.
How many employees does SimX have?
As of Dec 31, 2022, the latest employee count at SimX is 35.
What does SimX do?
Provider of a VR-based medical simulation training platform. It offers a VR training platform for emergency medical services, nursing, and the military. It allows users to customize the class, provide reports to track performance, and others.
Who are the top competitors of SimX?
SimX's top competitors include Fundamental Surgery, Proximie and Osso VR.
What products or services does SimX offer?
SimX offers SimX VR Platform, SimX Marketplace, and Virtual Manikin Series.
Who are SimX's investors?
SimX has 3 investors. Key investors include Madison Industries, AFWERX, and U.S. Air Force.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.