About Somnoware
Somnoware is a Healthcare company based in Sunnyvale (United States) founded in 2013, and was acquired by ResMed in July 2023. Integrated care delivery and analytics platform for sleep disorder management. Somnoware has raised $13.09 million across 4 funding rounds from investors including ResMed, CerraCap Ventures and TransLink Capital. Its website somnoware.com draws about 65 thousand monthly visits. Its Indian entity Somnoware Healthcare Systems Private Limited reported revenue of ₹35.64 Cr. Somnoware offers products and services including Diagnostics Platform and DME Manager. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems. Its competitors include Modernizing Medicine, Practice Fusion and Flatiron Health; 3 of its 3 listed competitors have raised funding.
Company details
Somnoware Healthcare Systems was founded in 2013 in Sunnyvale, United States, within the healthcare sector focused on sleep management. Cloud-based software is offered to connect patients, providers, and devices for data collection, analytics, and treatment customization in sleep disorders. Operations target physicians, labs, homecare providers, DME companies, and payers across 42 U.S. states, serving over 1,500 sleep physicians. Customers include Carolinas HealthCare and Delaware Sleep Disorders Center.
- Headquarters Sunnyvale, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website somnoware.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by ResMed (Jul 2023)
- Legal Name Somnoware Healthcare Systems Private Limited
- Date of Incorporation 20 Jan, 2012
Associated legal entities of Somnoware
Somnoware operates through Somnoware Healthcare Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Somnoware Healthcare Systems Private Limited CIN U74900TN2012PTC084081 | Active | 20 Jan 2012 | Chennai, Tamil Nadu | ₹35.6 Cr | 61 | 3 | View details |
Products & Services of Somnoware
Somnoware offers a comprehensive portfolio of products and services, including Diagnostics Platform and DME Manager.
Streamlines sleep diagnostic testing and workflow management.
Handles durable medical equipment for respiratory care operations.
Apps and channels of Somnoware
its YouTube channel Somnoware Healthcare Systems has 5 subscribers.
Funding Insights of Somnoware
Somnoware has successfully raised a total of $13.09M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $594.1 thousand completed in May 2023. 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 $13.09M
- Total Rounds 4
- Last Round Series B — $594,101
- First Round $9M
(May 2016)
- Investors Count 3
All 4 funding rounds of Somnoware 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 |
|---|---|---|---|---|---|
| May 2023 | $594,101 | Series B | – | – | – |
| May 2022 | Series B | – | CerraCap Ventures | – | |
| Apr 2018 | $3.5M | Series A | – | – | – |
| May 2016 | $9M | Series A | – | – |
4 investors in total: 4 institutional.
Investors in Somnoware
Somnoware has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include ResMed, CerraCap Ventures and TransLink Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech companies in Asia and the US are funded. | cerracap.com | Costa Mesa, United States | ||
US & Asia focused seed, early & expansion stage VC firm | translinkcapital.com | Palo Alto, United States | ||
Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors | wilab.com | Palo Alto, United States | ||
Therapeutic devices to treat sleep apnea and respiratory disorders | 1989 | resmed.com | San Diego, United States |
Investor details for Somnoware
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Somnoware Healthcare Systems Private Limited (Somnoware)
Somnoware Healthcare Systems Private Limited is the primary company behind Somnoware. The board of Somnoware Healthcare Systems Private Limited currently have 3 directors; the longest-serving is Ashish Kumar Matta, appointed in 2023. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashish Kumar Matta DIN 07890861 | Director | 03 Jul 2023 | 3 yrs 4 mo | Somnoware Healthcare Systems Private Limited |
| Satish Nagavarapu DIN 09807700 | Director | 03 Jul 2023 | 3 yrs 4 mo | Somnoware Healthcare Systems Private Limited |
| Michael James Rider DIN 10242127 | Director | 27 Jun 2024 | 2 yrs 4 mo | Somnoware Healthcare Systems Private Limited |
People of Somnoware
27 people are tracked at Somnoware (2 in leadership, 9 in board & advisors, 16 in team).
| Name | Role | Group |
|---|---|---|
Ashok Paulose | Director Data Security and Integrations | Leadership |
Sreenivas Radhakrishnan | Director Program Management | Leadership |
Naoko Okumoto | Advisor | Board & advisors |
Gary Goldman | Board Member | Board & advisors |
Jaspal Singh | Board Member | Board & advisors |
Larry Epstein | Board Member | Board & advisors |
Mathew Mammen | Co-founder & Advisor to the CEO | Board & advisors |
Eric Hsia | Board Member | Board & advisors |
Rick Altinger | Board Member | Board & advisors |
Neil Freedman | Board Member | Board & advisors |
Manoj Acharya | Board Member | Board & advisors |
Drisya Lal | Delivery Manager | Team |
Sharath R Nair | Technical Support Engineer | Team |
HARIRAJ RAJKUMAR | Technical Support Manager | Team |
Rahul T Nath | Product Manager | Team |
Nisham Mahsin | Tech lead | Team |
Rachel Feldman | Project Manager - Customer Success | Team |
Refas A | Technical Support Engineer | Team |
Sheree Westbrook | Techincal Support Engineer | Team |
Anju Cs | QA Analyst | Team |
7 more people are available in the full profile.
Complete people profiles for Somnoware
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Somnoware
Figures of Somnoware Healthcare Systems Private Limited, the primary company behind Somnoware, for FY 2025. Revenue was ₹35.64 Cr (+18% year on year). Net profit was ₹3.60 Cr (10% margin). EBITDA was ₹4.83 Cr (14% margin). Revenue has grown at a compounded annual rate of +29% over three years and +35% over five years.
- ₹35.64 CrRevenue · FY 2025 · +18% YoY
- ₹3.60 CrNet profit · 10% margin
- ₹4.83 CrEBITDA · 14% margin
- ₹13 LakhPaid-up capital
- 61Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +35%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Somnoware Healthcare Systems Private Limited are on its company page.
Detailed financial statements for Somnoware
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Somnoware
4 dated milestones of Somnoware across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Somnoware is founded.
- Funding First funding round of $9.0M.
- Funding Latest funding round, Series B, of $594K.
- Exit Acquired by ResMed.
Competitors of Somnoware
Somnoware has 3 listed competitors in our database, 3 of them funded. They include Modernizing Medicine, Practice Fusion and Flatiron Health.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| modmed.com | 2010 | Boca Raton, United States | $329.17M | 1,563 | AI-driven EMR and practice management software is delivered for clinics. | |
| practicefusion.com | 2005 | San Francisco, United States | $254.9M | 212 | Cloud-based EHR system is provided for physicians' practices. | |
| flatiron.com | 2012 | New York, United States | $314.4M | 1,067 | Cloud-based oncology management tools are provided for cancer care providers. |
Detailed competitors of Somnoware
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Web traffic of Somnoware
The website of Somnoware (somnoware.com) receives about 64.9K visits a month.
- Monthly visits64.9K
Websites whose visitors overlap most with Somnoware. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trizetto.com | 100% | 9K | #2,239,071 | View details | |
| mckesson.com | 79% | 4.3M | #12,546 | View details | |
| velos.com | 73% | View details | |||
searchhealthit.techtarget.com | searchhealthit.techtarget.com | 72% | – | ||
| sleepmedinc.com | 72% | 1.9K | #8,939,857 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Somnoware
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- 8 similar websites
- Audience overlap
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Somnoware (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Somnoware
Complete news archive for Somnoware
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Frequently Asked Questions about Somnoware
Somnoware was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Somnoware is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Somnoware is a funded company, having raised a total of $13.09M across 4 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on May 2016.
The primary company behind Somnoware, Somnoware Healthcare Systems Private Limited, reported revenue of ₹35.64 Cr for FY 2025, up 18% year on year.
Somnoware Healthcare Systems was founded in 2013 in Sunnyvale, United States, within the healthcare sector focused on sleep management. Cloud-based software is offered to connect patients, providers, and devices for data collection, analytics, and treatment customization in sleep disorders. Operations target physicians, labs, homecare providers, DME companies, and payers across 42 U.S. states, serving over 1,500 sleep physicians. Customers include Carolinas HealthCare and Delaware Sleep Disorders Center.
Somnoware's top competitors include Modernizing Medicine, Flatiron Health and Practice Fusion.
Somnoware offers Diagnostics Platform and DME Manager.
Somnoware has 4 investors. Key investors include ResMed, CerraCap Ventures, TransLink Capital, and World Innovation Lab.
Somnoware operates through Somnoware Healthcare Systems Private Limited.
Yes. Somnoware was acquired by ResMed in July 2023.
The legal entities of Somnoware currently have 3 directors, including Michael James Rider, Ashish Kumar Matta, Satish Nagavarapu.