# Inspired Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/inspired-technologies

- Industry: Medical Devices & Equipment
- Headquarters: North Huntingdon, US
- Website: www.inspiredtechnologiesinc.com
- Total disclosed funding: $7M
- Latest round: Series C (Feb 22, 2010)
- Investors on record: 4

## About

Inspired Technologies Inc. develops technology solutions that improve operational efficiency through advanced software platforms. The company focuses on data integration, process automation, and real-time analytics across various sectors.Founded in 2005, Inspired Technologies Inc. is based in North Huntingdon, US and provides software solutions aimed at enhancing operational capabilities. The company was involved in 5 deals, with the most recent deal occurring on January 12, 2011. On this date, evo Medical Solutions acquired Inspired Technologies Inc. The company raised a total of USD 2.80 mn through funding rounds, with the latest round also amounting to USD 2.80 mn, involving investors such as Birchmere, Magarac Venture Partners, and Smithfield Equity Partner. The CEO of the company is Craig Goodson.Inspired Technologies Inc. specializes in innovative technological solutions designed to enhance operational efficiency across various sectors. Their core offerings include advanced software platforms that facilitate data integration, process automation, and real-time analytics. These products address specific business challenges like improving decision-making processes and streamlining workflows. The company services diverse clients, including enterprises in healthcare, finance, and manufacturing, primarily in North America and Europe, aiding them in modernizing their operations.Inspired Technologies Inc. generates revenue through a structured model that includes subscription-based services and direct sales of its software products. Engaging primarily in B2B transactions, the company partners with medium to large enterprises requiring tailored technological solutions. Clients typically enter multi-year contracts that provide ongoing support and software updates, fostering long-term relationships and stable revenue streams. Their pricing structure is tiered based on the solutions' scale and complexity, enabling clients to select suitable plans for their operational needs. Flagship products are positioned to capture market share, with agreements designed to enhance client loyalty and encourage the adoption of additional services as business needs evolve.Inspired Technologies Inc. plans to launch new products designed to enhance operational capabilities, although specific release dates have not been disclosed. The company is targeting expansion into new markets in Europe and Asia by 2012, aiming to increase its global presence. The recent funding of USD 2.80 mn will be utilized to support these initiatives, allowing the company to invest in product development and market penetration strategies.

## Funding rounds

- Series C, Feb 22, 2010, $1.6M — Magarac Venture Partners, Birchmere
- Series B, Oct 20, 2009, $5.4M — Cardinal Partners, Magarac Venture Partners, Innovation Ventures, Birchmere

## Investors

- Cardinal Partners (https://capitalatlas.ai/funds/cardinal-partners) — Series B
- Magarac Venture Partners (https://capitalatlas.ai/funds/magarac-venture-partners) — Series B, Series C
- Innovation Ventures (https://capitalatlas.ai/funds/innovation-ventures) — Series B
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series B, Series C