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$304m

Valuation: $2.1b

Series D
Total Funding000k
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More about Medable
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Medable is a tech startup that operates in the healthcare sector, specifically in the area of clinical trials. The company's primary offering is a unified platform that simplifies the process of conducting clinical trials. It provides tools for participant onboarding, data collection, study notifications, and real-time reporting. Essentially, it digitizes and streamlines the entire clinical trial process, from start to finish.

Medable's clients are primarily pharmaceutical companies and other organizations that conduct clinical trials. The company's platform is designed to generate high-quality data, which is crucial for these organizations to validate the effectiveness of their drugs or treatments.

The business model of Medable is likely based on a subscription or usage-based fee, where clients pay to use the platform and its various features. This is a common model for software-as-a-service (SaaS) companies.

Medable operates in the global market, with its platform offered in over 60 countries and 120 languages. The company's platform is cloud-agnostic and uses a single API, which allows for maximum reach and scalability.

The company differentiates itself through its user-friendly design, scalability, and extensive decentralized clinical trial (DCT) network. The DCT market, which involves conducting clinical trials remotely using digital tools, is expected to be worth more than $12 billion by 2030. Medable is well-positioned to capitalize on this trend, given its robust DCT platform and network.

Keywords: Clinical Trials, Healthcare, Pharmaceutical, SaaS, Digital Platform, Data Collection, Decentralized Clinical Trials, Scalability, User-friendly, Global Market.

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Investments by Medable

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Omhu
ACQUISITION by Medable Feb 2022