About Verato
Verato is a company based in Mclean (United States) founded in 2012. It operates as a SaaS (Software-as-a-Service), and Managed Services. Verato has raised $35 million across 3 funding rounds from investors including Bessemer Venture Partners, California Health Care Foundation and Columbia Capital. Verato offers products and services including Verato MDM Cloud, Verato hMDM for Healthcare, and Verato Verify. Verato operates in a competitive market with competitors including Metriport, Artisight, eBlu Solutions, NaviNet and MRO, among others.
- Headquarter Mclean, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Verato
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$35 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series C
Jan 07, 2019
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Investors
Bessemer Venture Partners
& 3 more
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Employee Count
Employee Count
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Products & Services of Verato
Verato offers a comprehensive portfolio of products and services, including Verato MDM Cloud, Verato hMDM for Healthcare, and Verato Verify. 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.
Identity resolution and enrichment are provided for interoperability.
Healthcare-specific identity management is offered for providers.
Real-time identity verification services are delivered to clients.
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Funding Insights of Verato
Verato has successfully raised a total of $35M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $10 million completed in January 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 3
- Last Round Series C — $10.0M
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First Round
First Round
(26 Jan 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Series C - Verato | Valuation | Bessemer Venture Partners , Columbia Capital | |
| Dec, 2016 | Amount | Series B - Verato | Valuation | Bessemer Venture Partners , Columbia Capital |
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| Jan, 2015 | Amount | Series A - Verato | Valuation | Bessemer Venture Partners , Columbia Capital |
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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 Verato
Verato has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, California Health Care Foundation and Columbia Capital. 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 and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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US tech companies are funded across stages by Columbia Capital.
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Founded Year | Domain | Location | |
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Private equity firm focused on healthcare and tech-enabled companies
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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 Verato
| 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 - Verato
| 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 |
Verato Comparisons
Competitors of Verato
Verato 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 Metriport, Artisight, eBlu Solutions, NaviNet and MRO, 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 |
Provider of interoperability platform for healthcare providers
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| domain | founded_year | HQ Location |
IoT solutions for healthcare monitoring and fall prevention are provided.
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| domain | founded_year | HQ Location |
Administrative management solutions for healthcare professionals' support programs are provided.
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| domain | founded_year | HQ Location |
Healthcare collaboration network for providers and insurers is facilitated.
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| domain | founded_year | HQ Location |
Secure PHI exchange solutions are provided for healthcare organizations.
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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 Verato
Frequently Asked Questions about Verato
When was Verato founded?
Verato was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Verato located?
Verato is headquartered in Mclean, United States. It is registered at Mclean, Virginia, United States.
Who is the current CEO of Verato?
Clay Ritchey is the current CEO of Verato.
Is Verato a funded company?
Verato is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12.5M, raised on Jan 26, 2015.
What does Verato do?
Verato is engaged in providing identity intelligence solutions through its MDM Cloud platform. The company serves critical industries such as healthcare, financial services, and the public sector. Solutions are designed to deliver accurate identity resolution, data enrichment, and interoperability. Support is provided for customer 360 views, AI initiatives, and cloud transformation. Operations span across complex ecosystems to ensure trusted data for strategic initiatives.
Who are the top competitors of Verato?
Verato's top competitors include eBlu Solutions, Artisight and Metriport.
What products or services does Verato offer?
Verato offers Verato MDM Cloud, Verato hMDM for Healthcare, and Verato Verify.
Who are Verato's investors?
Verato has 4 investors. Key investors include Bessemer Venture Partners, California Health Care Foundation, Columbia Capital, and Blue Heron Capital.