About TriNetX
TriNetX is a company based in Cambridge (United States) founded in 2013 was acquired by The Carlyle Group in September 2020.. TriNetX has raised $53 million across 2 funding rounds from investors including Mitsui & Co., The Carlyle Group and ITOCHU. The company has 95 employees as of December 31, 2022. TriNetX has completed 3 acquisitions, including Advera Health, Custodix and Insite Platform. TriNetX offers products and services including TriNetX LIVE™ and EVIDEX®. TriNetX operates in a competitive market with competitors including Medidata, Verily, Signant Health, Clinical Ink and WIRB-Copernicus Group, among others.
- Headquarter Cambridge, United States
- Employees 95 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
*********
- Legal Name Trinetx, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$53 M (USD)
in 2 rounds
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Latest Funding Round
$40 M (USD), Series D
Mar 13, 2019
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Investors
Mitsui & Co.
& 7 more
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Employee Count
95
as on Dec 31, 2022
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Investments & Acquisitions
Advera Health
& 2 more
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Acquired by
The Carlyle Group
(Sep 21, 2020)
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Products & Services of TriNetX
TriNetX offers a comprehensive portfolio of products and services, including TriNetX LIVE™ and EVIDEX®. 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.
Platform for querying de-identified patient records and analytics.
Tool for detecting and managing drug safety signals.
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Funding Insights of TriNetX
TriNetX has successfully raised a total of $53M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $40 million completed in March 2019. 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 2
- Last Round Series D — $40.0M
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First Round
First Round
(01 Jun 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series D - TriNetX | Valuation | Merck Global Health Innovation Fund | |
| Jun, 2014 | Amount | Series A - TriNetX | 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 TriNetX
TriNetX has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Mitsui & Co., The Carlyle Group and ITOCHU. 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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Corporate-backed venture capital is focused on the life science sector.
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Founded Year | Domain | Location | |
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Healthcare ecosystem is supported through investment and innovation by Deerfield.
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Founded Year | Domain | Location | |
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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 TriNetX
TriNetX has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Advera Health, Custodix and Insite Platform. 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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Provider of clinical data management platform
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2015 | ||||
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Provider of a SaaS based regulatory data analysis and pharmacovigilance platform for life science industry
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2010 | ||||
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Clinical trial patient recruitment solutions are provided by Custodix.
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2000 |
| 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 - TriNetX
| 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 |
Trinetx Comparisons
Competitors of TriNetX
TriNetX 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 Medidata, Verily, Signant Health, Clinical Ink and WIRB-Copernicus Group, 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 |
Medidata is recognized as a leading provider of SaaS solutions for clinical research.
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| domain | founded_year | HQ Location |
AI-based solutions for health management are provided.
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| domain | founded_year | HQ Location |
Signant Health is engaged in providing clinical trial technology solutions.
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| domain | founded_year | HQ Location |
Paperless eSource and patient engagement solutions for clinical trials
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| domain | founded_year | HQ Location |
Regulatory and ethical review services for clinical research are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Trinetx
Frequently Asked Questions about TriNetX
When was TriNetX founded?
TriNetX was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is TriNetX located?
TriNetX is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Is TriNetX a funded company?
TriNetX is a funded company, having raised a total of $53M across 2 funding rounds to date. The company's 1st funding round was a Series A of $13M, raised on Jun 01, 2014.
How many employees does TriNetX have?
As of Dec 31, 2022, the latest employee count at TriNetX is 95.
What does TriNetX do?
TriNetX offers clinical trial management software for researchers and professionals. The company has developed tools like TriNetX Analyze that assist in analyzing clinical trial data, TriNetX Research that gives a comparative analysis of treatment and outcomes, TriNetX Analyze assist in analyzing medical reports for medication conflicts, and more. The TriNetX Network, allows researcherssponsors to analyze patient populations, refine clinical study assumptions, and ultimately locate the best clinical sites and successfully recruit patients to their study. It enables pharmaceutical companies, healthcare providers, and CROs to truly leverage patient data in a way that fosters collaboration and efficiency in clinical research to make a lasting impact on drug development and bring new therapies to market faster.
Who are the top competitors of TriNetX?
What products or services does TriNetX offer?
TriNetX offers TriNetX LIVE™ and EVIDEX®.
How many acquisitions has TriNetX made?
TriNetX has made 3 acquisitions, including Advera Health, Custodix, and Insite Platform.
Who are TriNetX's investors?
TriNetX has 8 investors. Key investors include Mitsui & Co., The Carlyle Group, ITOCHU, Merck Global Health Innovation Fund, and ITV.
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