About Sofomo Embedded Solutions
Sofomo Embedded Solutions is a Healthcare company based in Pune (India) founded in 2008. It operates as a wireless medical devices for cardiac health diagnosis are developed. It operates in the Healthcare and Technology sectors. Sofomo Embedded Solutions has raised $187.67 thousand across 2 funding rounds. Sofomo Embedded Solutions was last valued at $240.51 thousand in April 2013. Its Indian entity Sofomo Embedded Solutions Private Limited reported revenue of ₹9.5 Lakh. Its focus areas include Life Sciences, Cardiac and Vascular Disorders, Medical Devices and Screening Devices. Its competitors include iRhythm Tech, AliveCor, Biotricity, Cardiotrack and Element Science and 3 more; 7 of its 8 listed competitors have raised funding.
Company details
Sofomo Embedded Solutions was founded in 2008 and is based in Pune, India. Operations center on the development of wireless medical devices within the healthcare sector, specifically for cardiac diagnostics. A portable device known as Lifeplot is offered, through which 12-lead ECGs are received and transmitted wirelessly to cardiologists mobile phones. Services emphasize portable, technology-enabled solutions for remote cardiac monitoring.
- Headquarters Pune, India
- SectorsHealthcareTechnology
- Email••••••••
- Website sofomo.co.in
- Social LinkedIn Facebook
- Legal Name Sofomo Embedded Solutions Private Limited
- Date of Incorporation 07 Jan, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹9.5 Lakh
FY 2020 · +38% YoY
- Net Loss-₹9.5 Lakh
FY 2020 · -100% margin
- EBITDA-₹2.4 Lakh
FY 2020 · -25% margin
- Total Equity Funding$187.67K (USD)
in 2 rounds
- Latest Funding Round$45.62K (USD), Seed
Apr 2013
Associated legal entities of Sofomo Embedded Solutions
Sofomo Embedded Solutions operates through Sofomo Embedded Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sofomo Embedded Solutions Private Limited CIN U72900MH2008PTC177481 | Strike Off | 07 Jan 2008 | Mumbai, Maharashtra | ₹0.1 Cr | – | 2 | View details |
Funding Insights of Sofomo Embedded Solutions
Sofomo Embedded Solutions has successfully raised a total of $187.67K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $45.62 thousand completed in April 2013. 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 $187,667
- Total Rounds 2
- Last Round Seed — $45,623
- First Round $142,044
(Dec 2010)
All 2 funding rounds of Sofomo Embedded Solutions with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2013 | $45,623 | Seed | $240,510 | – | – |
| Dec 2010 | $142,044 | Seed | $806,435 | – | – |
Last known valuation $240,510 (Apr 2013).
Board of directors of Sofomo Embedded Solutions Private Limited (Sofomo Embedded Solutions)
Sofomo Embedded Solutions Private Limited is the primary company behind Sofomo Embedded Solutions. The board of Sofomo Embedded Solutions Private Limited currently have 2 directors; the longest-serving is Gautam Vilas Morey, appointed in 2008. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gautam Vilas Morey DIN 01899808 | Director | 07 Jan 2008 | 18 yrs 9 mo | Sofomo Embedded Solutions Private Limited |
| Shaunak Ashok Kasat DIN 09497317 | Director | 09 Feb 2022 | 4 yrs 8 mo | Sofomo Embedded Solutions Private Limited |
Financials of Sofomo Embedded Solutions
Figures of Sofomo Embedded Solutions Private Limited, the primary company behind Sofomo Embedded Solutions, for FY 2020. Revenue was ₹9.5 Lakh (+38% year on year). Net loss was -₹9.5 Lakh (-100% margin). EBITDA was -₹2.4 Lakh (-25% margin). Revenue has grown at a compounded annual rate of -32% over three years and -34% over five years.
- ₹9.5 LakhRevenue · FY 2020 · +38% YoY
- -₹9.5 LakhNet loss · -100% margin
- -₹2.4 LakhEBITDA · -25% margin
- ₹1,700Paid-up capital
- -32%Revenue CAGR, 3 years
- -34%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sofomo Embedded Solutions Private Limited are on its company page.
Detailed financial statements for Sofomo Embedded Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Sofomo Embedded Solutions
3 dated milestones of Sofomo Embedded Solutions across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Sofomo Embedded Solutions is founded.
- Funding First funding round of $142K.
- Funding Latest funding round, Seed, of $46K.
Competitors of Sofomo Embedded Solutions
Sofomo Embedded Solutions has 8 listed competitors in our database, 7 of them funded. They include iRhythm Tech, AliveCor, Biotricity, Cardiotrack and Element Science, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| irhythmtech.com | 2006 | San Francisco, United States | $109.23M | 1,657 | Cloud-based ambulatory ECG monitors for cardiac arrhythmia diagnosis are provided. | |
| alivecor.com | 2010 | Mountain View, United States | $114.38M | 67 | Cardiac monitoring devices and applications are provided for heart health. | |
| biotricity.com | 2014 | San Francisco, United States | – | 55 | Developer of medical remote monitoring solutions that help prevent and manage chronic diseases | |
| cardiotrack.io | 2014 | Bengaluru, India | $3.9M | 305 | AI-based EGC data capture and analysis platform | |
| elementscience.com | 2013 | San Francisco, United States | $192.6M | – | Wearable patch defibrillators are developed for sudden cardiac arrest treatment. | |
| welltory.com | 2016 | Redwood, United States | $1M | – | Online health and wellness tracking and training platform | |
| monitrahealth.com | 2016 | Hyderabad, India | $3.68M | 41 | Ambulatory cardiac monitoring devices and solutions | |
| qardio.com | 2012 | San Francisco, United States | $27.25M | 17 | Digital remote health monitoring tools are developed for professionals. |
Detailed competitors of Sofomo Embedded Solutions
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Sofomo Embedded Solutions (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 713.57 M | – | – | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 233 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | – | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | – | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Frequently Asked Questions about Sofomo Embedded Solutions
Sofomo Embedded Solutions was founded in 2008 and raised its 1st funding round 2 years after it was founded.
Sofomo Embedded Solutions is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Sofomo Embedded Solutions is a funded company, having raised a total of $187.67K across 2 funding rounds to date. The company's 1st funding round was a Seed of $142.04K, raised on Dec 2010.
The primary company behind Sofomo Embedded Solutions, Sofomo Embedded Solutions Private Limited, reported revenue of ₹9.5 Lakh for FY 2020, up 38% year on year.
Sofomo Embedded Solutions was founded in 2008 and is based in Pune, India. Operations center on the development of wireless medical devices within the healthcare sector, specifically for cardiac diagnostics. A portable device known as Lifeplot is offered, through which 12-lead ECGs are received and transmitted wirelessly to cardiologists mobile phones. Services emphasize portable, technology-enabled solutions for remote cardiac monitoring.
Sofomo Embedded Solutions's top competitors include AliveCor, iRhythm Tech and Biotricity.
The valuation of Sofomo Embedded Solutions is $240.51K as of Apr 2013.
Sofomo Embedded Solutions operates through Sofomo Embedded Solutions Private Limited.
The legal entities of Sofomo Embedded Solutions currently have 2 directors, including Shaunak Ashok Kasat, Gautam Vilas Morey.