About Synapsica
Synapsica is a company based in Bengaluru (India) founded in 2018 by Cherian Dr, Gandharv Goyal, and Meenakshi Singh.. Synapsica has raised $4.81 million across 4 funding rounds from investors including International Finance Corporation, IvyCap Ventures and Stellaris Venture Partners. The company has 44 employees as of April 09, 2024. Synapsica offers products and services including Spindle, SpindleX, RADIOLens, and Teleradiology. Synapsica operates in a competitive market with competitors including AIdoc, Viz.ai, Qure.ai, Zebra Medical Vision and Deeptek, among others.
- Headquarter Bengaluru, India
- Employees 44 as on 09 Apr, 2024
- Founders Cherian Dr, Gandharv Goyal, Meenakshi Singh
- Stage Minicorn
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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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Social
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- Legal Name Synapsica Healthcare Pvt Ltd
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$278.55 K (USD)0as on Mar 31, 2021
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Net Profit
$-197.69 K (USD)-7283.23as on Mar 31, 2021
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EBITDA
$-182.42 K (USD)-7921.6as on Mar 31, 2021
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Total Equity Funding
$4.81 M (USD)
in 4 rounds
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Latest Funding Round
$4.2 M (USD), Series A
Apr 21, 2021
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Investors
International Finance Corporation
& 5 more
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Employee Count
44
as on Apr 09, 2024
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Products & Services of Synapsica
Synapsica offers a comprehensive portfolio of products and services, including Spindle, SpindleX, RADIOLens, and Teleradiology. 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.
Automates preliminary reports for MRI Spine diagnostics
Generates automated reports for spine stress x-rays
Provides AI-enabled workflows for radiology imaging
Offers remote reading for medical imaging cases
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Funding Insights of Synapsica
Synapsica has successfully raised a total of $4.81M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $4.2 million completed in April 2021. 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 — $4.2M
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First Round
First Round
(25 Sep 2019)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Series A - Synapsica | Valuation | IvyCap Ventures Advisors , Endiya Partners | |
| Dec, 2020 | Amount | Seed - Synapsica | Valuation |
investors |
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| Mar, 2020 | Amount | Seed - Synapsica | Valuation | Y Combinator |
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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 Synapsica
Synapsica has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include International Finance Corporation, IvyCap Ventures and Stellaris Venture Partners. 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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Venture capital investments in startups from leading Indian institutions across various sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital investing in AI, deep tech, healthcare, and fintech startups.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Synapsica
| 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 - Synapsica
| 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 |
Synapsica Comparisons
Competitors of Synapsica
Synapsica 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 AIdoc, Viz.ai, Qure.ai, Zebra Medical Vision and Deeptek, 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-based single-screen system is provided to streamline medical imaging.
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| domain | founded_year | HQ Location |
AI and cloud-powered software for stroke care coordination is developed.
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| domain | founded_year | HQ Location |
AI-powered solutions for medical imaging diagnostics
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| domain | founded_year | HQ Location |
Provider of AI and SaaS-based medical image based decision support tools
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AI-augmented diagnostic tools for radiology imaging are developed.
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| domain | founded_year | HQ Location |
AI-based medical image analysis software is developed for healthcare providers.
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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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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 Synapsica
Frequently Asked Questions about Synapsica
When was Synapsica founded?
Synapsica was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Synapsica located?
Synapsica is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Synapsica?
Meenakshi Singh is the current CEO of Synapsica. They have also founded this company.
Is Synapsica a funded company?
Synapsica is a funded company, having raised a total of $4.81M across 4 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 25, 2019.
How many employees does Synapsica have?
As of Apr 09, 2024, the latest employee count at Synapsica is 44.
What is the annual revenue of Synapsica?
Annual revenue of Synapsica is $278.55K as on Mar 31, 2021.
What does Synapsica do?
Synapsica was founded in 2018 in Bengaluru, India, focusing on the healthcare sector. AI-enabled radiology tools are provided for workflow and practice management, including Synapsica Spindle for MRI Spine reporting and Synapsica Prism for CT Head reporting. Services encompass emergency teleradiology, reviews for MRI, CT, mammograms, X-rays, and other modalities, supporting healthcare professionals in diagnostic processes.
Who are the top competitors of Synapsica?
What products or services does Synapsica offer?
Synapsica offers Spindle, SpindleX, RADIOLens, and Teleradiology.
Who are Synapsica's investors?
Synapsica has 6 investors. Key investors include International Finance Corporation, IvyCap Ventures, Stellaris Venture Partners, Endiya Partners, and Y Combinator.
What is Synapsica's valuation?
The valuation of Synapsica is $8.91M as of Apr 2021.