About Terarecon
Terarecon is a company based in Durham (United States) founded in 1997 was acquired by SymphonyAI in March 2020.. Terarecon has raised $34.76 million across 7 funding rounds from investors including Fujifilm, Pentax Medical and SymphonyAI. The company has 109 employees as of December 31, 2022. Terarecon has completed 1 acquisition, including McCoy Medical Technologies. Terarecon offers products and services including Advanced Visualization, TR Neuro AI Solution, and Artificial Intelligence. Terarecon operates in a competitive market with competitors including Ambra Health, Evolucare, InsiteOne, Enlitic and ImageMoverMD, among others.
- Headquarter Durham, United States
- Employees 109 as on 31 Dec, 2022
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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 Terarecon India Private Limited
- Date of Incorporation 15 Feb, 2013
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.76 M (USD)
in 7 rounds
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Latest Funding Round
$5.63 M (USD), Series B
Jun 18, 2004
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Investors
Fujifilm
& 2 more
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Employee Count
109
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
SymphonyAI
(Mar 04, 2020)
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Products & Services of Terarecon
Terarecon offers a comprehensive portfolio of products and services, including Advanced Visualization, TR Neuro AI Solution, and Artificial Intelligence. 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.
Software for analyzing and visualizing medical images efficiently
AI tools for neurology imaging and diagnostic support
AI-driven enhancements for medical workflows and insights
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Funding Insights of Terarecon
Terarecon has successfully raised a total of $34.76M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $5.63 million completed in June 2004. 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 7
- Last Round Series B — $5.6M
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First Round
First Round
(20 Mar 2002)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2004 | Amount | Series B - Terarecon | Valuation | Pentax Medical |
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| Jun, 2004 | Amount | Series B - Terarecon | Valuation | Fujifilm |
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| Jun, 2003 | Amount | Debt – Conventional - Terarecon | 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 Terarecon
Terarecon has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Fujifilm, Pentax Medical and SymphonyAI. 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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Endoscopic imaging devices and solutions are developed and marketed.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by the venture capital firm.
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Founded Year | Domain | Location | |
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AI and SaaS-based solutions for digital transformation
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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 Terarecon
Terarecon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include McCoy Medical Technologies. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for hospital implementation of radiology AI algorithms
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Terarecon
| 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 |
Terarecon Comparisons
Competitors of Terarecon
Terarecon 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 Ambra Health, Evolucare, InsiteOne, Enlitic and ImageMoverMD, 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 |
Cloud-based platform for medical image management and exchange
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| domain | founded_year | HQ Location |
Software for critical care and medical imaging management is provided.
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| domain | founded_year | HQ Location |
Cloud-based data management solutions are provided for healthcare imaging applications.
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| domain | founded_year | HQ Location |
AI-based radiology database management is offered by Enlitic.
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| domain | founded_year | HQ Location |
Medical images are securely captured and integrated with EHR systems.
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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 Terarecon
Frequently Asked Questions about Terarecon
When was Terarecon founded?
Terarecon was founded in 1997 and raised its 1st funding round 5 years after it was founded.
Where is Terarecon located?
Terarecon is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is Terarecon a funded company?
Terarecon is a funded company, having raised a total of $34.76M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $1M, raised on Mar 20, 2002.
How many employees does Terarecon have?
As of Dec 31, 2022, the latest employee count at Terarecon is 109.
What does Terarecon do?
Founded in 1997 and headquartered in Durham, United States, enterprise medical image management and visualization solutions are developed by the company for healthcare enterprises worldwide. A range of tools for 3D post-processing, viewing, diagnostic interpretation, image sharing, interoperability, and collaboration is provided. The iNteract solution is offered for image sharing, with iEMV viewing included and compatibility for pushing images to PACS or VNAs.
Who are the top competitors of Terarecon?
Terarecon's top competitors include Ambra Health, Enlitic and Gradient Health.
What products or services does Terarecon offer?
Terarecon offers Advanced Visualization, TR Neuro AI Solution, and Artificial Intelligence.
How many acquisitions has Terarecon made?
Terarecon has made 1 acquisition, including McCoy Medical Technologies.
Who are Terarecon's investors?
Terarecon has 3 investors. Key investors include Fujifilm, Pentax Medical, and SymphonyAI.
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