# Brace Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brace-software

- Industry: Software
- Headquarters: Santa Monica, US
- Website: http://www.brace.ai
- Total disclosed funding: $31M
- Latest round: Series B (Jan 12, 2021)
- Investors on record: 9

## About

Brace Software, Inc. develops artificial intelligence solutions specifically for the healthcare industry, focusing on improving diagnostic accuracy and streamlining patient management for healthcare providers.Founded in 2017 and headquartered in Santa Monica, US, Brace Software, Inc. offers AI-driven healthcare solutions. Eric Rachmel, the CEO and founder, has a history of entrepreneurship. The company has completed 4 deals, with the latest being a Series B funding round on August 1, 2023, raising USD 15.70 mn led by Canvas Ventures, contributing to a total amount raised of USD 15.70 mn.Brace.ai specializes in offering advanced artificial intelligence solutions for the healthcare sector. Its software applications aim to enhance diagnostic accuracy and optimize patient management processes. The company serves healthcare providers, hospitals, and medical professionals primarily in North America, Europe, and select regions in Asia, focusing on improving patient outcomes and operational efficiency.Brace.ai generates revenue through a subscription-based model, offering various pricing plans tailored to the needs of healthcare institutions. Clients typically engage in annual or multi-year contracts, ensuring predictable revenue streams. The company's innovative products are central to these transactions, facilitating improved healthcare delivery through partnerships with healthcare organizations.Following its acquisition in August 2023 by Stavros Technologies, Inc., Brace Software, Inc. aims to enhance its product offerings and streamline operations. The acquisition is expected to create a more efficient experience for both servicers and homeowners within a fragmented system. Future strategies include launching new AI products and expanding into additional markets, with specific focus on strengthening their presence in Europe and Asia by 2025.

## Funding rounds

- Series B, Jan 12, 2021, $16M — Crosslink Capital, Canvas Prime, Point72 Asset Management
- Series A, Feb 20, 2020, $10M — Crosslink Capital, Point72 Asset Management
- Seed, Mar 1, 2018, $4.8M — Revolution Ventures, Silicon Badia, Clocktower Technology Ventures, AAF Management, 1984 Ventures, Tectonic Capital

## Investors

- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Seed
- Silicon Badia (https://capitalatlas.ai/funds/silicon-badia) — Seed
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- AAF Management (https://capitalatlas.ai/funds/aaf-management) — Seed
- 1984 Ventures (https://capitalatlas.ai/funds/1984-ventures) — Seed
- Tectonic Capital (https://capitalatlas.ai/funds/tectonic-capital) — Seed
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- Point72 Asset Management — Series A, Series B
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series B