About Somnoware
Somnoware is a company based in Sunnyvale (United States) founded in 2013 was acquired by ResMed in July 2023.. Somnoware has raised $13.09 million across 4 funding rounds from investors including ResMed, CerraCap Ventures and TransLink Capital. Somnoware offers products and services including Diagnostics Platform and DME Manager. Somnoware operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others.
- Headquarter Sunnyvale, United States
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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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Products & Services of Somnoware
Somnoware offers a comprehensive portfolio of products and services, including Diagnostics Platform and DME Manager. 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.
Streamlines sleep diagnostic testing and workflow management.
Handles durable medical equipment for respiratory care operations.
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $594,101
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First Round
First Round
(04 May 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Somnoware | Valuation |
investors |
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| May, 2022 | Amount | Series B - Somnoware | Valuation | CerraCap Ventures |
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| Apr, 2018 | Amount | Series A - Somnoware | Valuation |
investors |
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| 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 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. 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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Early-stage tech companies in Asia and the US are funded.
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Founded Year | Domain | Location | |
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US & Asia focused seed, early & expansion stage VC firm
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Founded Year | Domain | Location | |
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Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors
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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 Somnoware
| 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 - Somnoware
| 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 |
Somnoware Comparisons
Competitors of Somnoware
Somnoware 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 Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, 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 |
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| domain | founded_year | HQ Location |
AI-driven EMR and practice management software is delivered for clinics.
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| domain | founded_year | HQ Location |
Cloud-based EHR system is provided for physicians' practices.
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| domain | founded_year | HQ Location |
Cloud-based oncology management tools are provided for cancer care providers.
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| domain | founded_year | HQ Location |
Clinical and financial solutions are delivered to ambulatory providers.
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| domain | founded_year | HQ Location |
Open-source healthcare software is provided by Medsphere Systems.
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| domain | founded_year | HQ Location |
SaaS-based practice management solution is provided for healthcare professionals.
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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 Somnoware
Frequently Asked Questions about Somnoware
When was Somnoware founded?
Somnoware was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Somnoware located?
Somnoware is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Is Somnoware a funded company?
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 $3.5M, raised on May 04, 2016.
What does Somnoware do?
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.
Who are the top competitors of Somnoware?
Somnoware's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
What products or services does Somnoware offer?
Somnoware offers Diagnostics Platform and DME Manager.
Who are Somnoware's investors?
Somnoware has 4 investors. Key investors include ResMed, CerraCap Ventures, TransLink Capital, and World Innovation Lab.