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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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.
People of Somnoware
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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.
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.
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US & Asia focused seed, early & expansion stage VC firm
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Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors
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Investor details for Somnoware
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Investments & Acquisitions by Somnoware
Investment portfolio details for Somnoware
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Financial Statements - Somnoware
Detailed financials for Somnoware
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Somnoware Comparisons
Peer comparison for Somnoware
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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.
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AI-driven EMR and practice management software is delivered for clinics.
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Cloud-based EHR system is provided for physicians' practices.
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Cloud-based oncology management tools are provided for cancer care providers.
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Clinical and financial solutions are delivered to ambulatory providers.
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Open-source healthcare software is provided by Medsphere Systems.
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SaaS-based practice management solution is provided for healthcare professionals.
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Detailed competitors of Somnoware
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Latest news on 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.
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, Eka Care and Flatiron Health.
Somnoware offers Diagnostics Platform and DME Manager.
Somnoware has 4 investors. Key investors include ResMed, CerraCap Ventures, TransLink Capital, and World Innovation Lab.