About SonarMD
SonarMD is a company based in Chicago (United States) founded in 2009 by Lawrence Kosinski and Tracey Powell.. SonarMD has raised $16.5 million across 4 funding rounds from investors including Arboretum Ventures and BVF. SonarMD offers products and services including SonarMD Platform. SonarMD operates in a competitive market with competitors including Verily, Wellframe, Memora Health, MD Revolution and Medlinker, among others.
- Headquarter Chicago, United States
- Founders Lawrence Kosinski, Tracey Powell
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Sectors
HealthcareTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.5 M (USD)
in 4 rounds
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Latest Funding Round
$2.15 M (USD), Series A
Dec 24, 2024
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Investors
Arboretum Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of SonarMD
SonarMD offers a comprehensive portfolio of products and services, including SonarMD Platform. 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.
Tool for detecting GI deterioration in IBD patients proactively
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Funding Insights of SonarMD
SonarMD has successfully raised a total of $16.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $2.15 million completed in December 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 4
- Last Round Series A — $2.2M
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First Round
First Round
(14 Dec 2018)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - SonarMD | Valuation |
investors |
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| Jul, 2024 | Amount | Debt – Conventional - SonarMD | Valuation |
investors |
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| May, 2023 | Amount | Series A - SonarMD | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 SonarMD
SonarMD has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Arboretum Ventures and BVF. 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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Healthcare venture capital investments are made by Arboretum Ventures.
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Founded Year | Domain | Location | |
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Funding is provided to healthcare startups by corporate-backed BVF.
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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 SonarMD
| 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 - SonarMD
| 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 |
Sonarmd Comparisons
Competitors of SonarMD
SonarMD 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 Verily, Wellframe, Memora Health, MD Revolution and Medlinker, 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 solutions for health management are provided.
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| domain | founded_year | HQ Location |
Mobile and AI-based platform offering support to providers for better patient engagement
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| domain | founded_year | HQ Location |
Mobile messaging platform is utilized for chronic disease management.
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| domain | founded_year | HQ Location |
Predictive analytics SaaS platform for patient engagement is provided.
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| domain | founded_year | HQ Location |
Social networking for healthcare professionals is facilitated by Medlinker.
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| domain | founded_year | HQ Location |
Cloud-based platform for long-term care coordination is provided.
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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 Sonarmd
Frequently Asked Questions about SonarMD
When was SonarMD founded?
SonarMD was founded in 2009 and raised its 1st funding round 9 years after it was founded.
Where is SonarMD located?
SonarMD is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of SonarMD?
Lawrence Kosinski is the current CEO of SonarMD. They have also founded this company.
Is SonarMD a funded company?
SonarMD is a funded company, having raised a total of $16.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.34M, raised on Dec 14, 2018.
What does SonarMD do?
Founded in 2009 and based in Chicago, United States, SonarMD operates in the healthcare sector. Cloud-based platforms are utilized to connect patients with chronic conditions to care teams in real time. Services encompass proactive coordination, wrap-around support for health needs, and data collection through patient surveys. Health data is analyzed to monitor improvement status, generate scores, and issue alerts to physicians.
Who are the top competitors of SonarMD?
SonarMD's top competitors include Verily, Memora Health and Wellframe.
What products or services does SonarMD offer?
SonarMD offers SonarMD Platform.
Who are SonarMD's investors?
SonarMD has 2 investors. Key investors include Arboretum Ventures, and BVF.
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