Somnoware Healthcare Systems
Latest round
- Series A
Last raised
- May 2016
Total raised
- $9M
Investors
- 2
About Somnoware Healthcare Systems
Founded in 2016 and headquartered in Sunnyvale, US, Somnoware Healthcare Systems focuses on advanced sleep diagnostics. The company has not undergone significant pivots in strategy or operations since its inception. The founders, Mathew Mammen and Subath Kamalasan, have established a strong foundation in the healthcare technology sector.Somnoware specializes in advanced sleep diagnostics and respiratory care management through its innovative software solutions. The core product offerings include a comprehensive sleep lab management platform designed to streamline diagnostic testing workflows, enabling efficient scheduling, inventory management, and quick access to test results for physicians. This platform also unifies Positive Airway Pressure (PAP) data within a secure environment, enhances patient engagement through automated processes, and features customizable reporting tools. Somnoware serves a diverse client base that includes sleep medicine clinics, healthcare providers, and diagnostic facilities primarily in North America, Europe, and select regions in Asia.Somnoware's revenue model is primarily based on a subscription-based structure, wherein clients pay for access to its suite of software services tailored for sleep diagnostics and respiratory care management. The company's flagship product, the Somnoware Diagnostics platform, is offered through tiered pricing plans that cater to various facility sizes and operational needs. Transactions typically involve annual contracts with healthcare providers, allowing for predictable revenue streams as clients engage in long-term partnerships to enhance their diagnostic capabilities.In July 2023, ResMed Inc., although financial terms of the deal were not disclosed. The acquisition may provide opportunities for Somnoware to enhance its product offerings and expand its market reach. Future growth strategies include the development of new software products aimed at improving diagnostic capabilities in sleep medicine, and plans to expand into new geographic markets beyond North America and Europe, specifically targeting regions in Asia.
Who invested in Somnoware Healthcare Systems
2 investors across 1 round
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Funding rounds
Series A
May 4, 2016
Amount
$9M
Investors
Questions about Somnoware Healthcare Systems
Who invested in Somnoware Healthcare Systems?
Somnoware Healthcare Systems has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Somnoware Healthcare Systems raised?
Somnoware Healthcare Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Somnoware Healthcare Systems last raise money?
Somnoware Healthcare Systems's most recent round on record is a Series A, in May 2016.
What does Somnoware Healthcare Systems do?
Founded in 2016 and headquartered in Sunnyvale, US, Somnoware Healthcare Systems focuses on advanced sleep diagnostics.
Where is Somnoware Healthcare Systems headquartered?
Somnoware Healthcare Systems is headquartered in Sunnyvale, US.
Which VCs invest in companies like Somnoware Healthcare Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Somnoware Healthcare Systems's stage. Their profiles are linked below.
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