Suvoda

Suvoda

Software solutions for managing clinical trials

About Suvoda

Simplify's Rating
Why Suvoda is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

1,001-5,000

Company Stage

Early VC

Total Funding

$40M

Headquarters

Conshohocken, Pennsylvania

Founded

2012

Overview

Suvoda offers software solutions for managing complex clinical trials, primarily through its Interactive Response Technology (IRT) system. This system helps with patient randomization, drug supply management, and data collection, and is modular for quick adaptation to various study types, often set up in as little as four weeks. Operating on a software as a service (SaaS) model, Suvoda provides ongoing support and additional services like virtual trial solutions, which are essential for remote patient engagement. The company's goal is to streamline the clinical trial process, enabling faster delivery of new treatments to the market.

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Simplify's Take

What believers are saying

  • The rise of decentralized trials boosts demand for Suvoda's virtual trial solutions.
  • AI-driven analytics align with Suvoda's 'Sofia' for optimizing trial management.
  • Growing demand for real-world evidence enhances Suvoda's data collection capabilities.

What critics are saying

  • Merger with Greenphire may cause integration challenges affecting operations.
  • Resistance to AI assistant 'Sofia' could slow its adoption and efficiency gains.
  • Pressure to enhance patient-centric features may require additional investment.

What makes Suvoda unique

  • Suvoda offers a modular IRT system for rapid clinical trial implementation.
  • The company provides virtual trial solutions, crucial during the COVID-19 pandemic.
  • Suvoda's AI assistant 'Sofia' simplifies clinical trial management with natural language queries.

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Funding

Total Funding

$40M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
CityBiz
May 2nd, 2025
citybiz+ LLR Partners Closes Seventh Fund at $2.45 Billion

Conshohocken, Pa.-based Suvoda merged with Greenphire, headquartered in King of Prussia, Pa., in March.

PR Newswire
Apr 24th, 2025
Suvoda And Greenphire Announce Completion Of Merger

CONSHOHOCKEN, Pa. and KING OF PRUSSIA, Pa., April 24, 2025 /PRNewswire/ -- Suvoda, a global clinical trial technology company specializing in randomization and trial supply management, consent, and patient outcomes data collection solutions for complex, life-sustaining studies, and Greenphire, a leader in clinical trial payments, financial management, and patient support tools, today announced the successful completion of their previously announced merger, bringing the two companies under common ownership and management

Aitech365
Mar 6th, 2025
Suvoda Introduces AI Assistant 'Sofia' to Streamline Clinical Trial Management

Suvoda introduces AI assistant 'Sofia' to streamline clinical trial management.

PR Newswire
Mar 5th, 2025
Suvoda Launches Sofia, A New Ai Assistant To Simplify Management Of Clinical Trials

From many clicks to one query, drug supply managers can more quickly access, analyze, and visualize the trial supply data they need.PHILADELPHIA, March 5, 2025 /PRNewswire/ -- Suvoda LLC, a global clinical trial technology company that specializes in complex studies in therapeutic areas like oncology, central nervous system (CNS), and rare disease, today announced the early adopter launch of Sofia, an artificial intelligence assistant designed to simplify how study teams access and review clinical trial information.Sofia is available on the Suvoda Platform and can be enabled by sponsors looking to provide drug supply managers with efficient access to vital information through an intuitive chat interface, reducing what were once multi-screen, multi-click processes to simple conversations."When creating Sofia, we asked ourselves: What if clinical trial staff had an AI assistant that could alleviate their administrative burdens?" said E.K. Koh, Chief Product Officer at Suvoda. "Sofia became our answer. It's an exciting opportunity to streamline the management of clinical trials."Built with Suvoda's commitment to reliability and security, Sofia brings greater efficiency to clinical trial operations, while adhering to data privacy and other regulatory requirements in clinical research.Sofia's key capabilities include:Streamlines Information Retrieval: Users access trial information through natural language queries that simplify navigation. They can now easily find answers that otherwise would span multiple screens, putting information they need at their fingertips.Users access trial information through natural language queries that simplify navigation. They can now easily find answers that otherwise would span multiple screens, putting information they need at their fingertips

Pharmaceutical Technology
Nov 15th, 2024
Patient experience in the spotlight at Clinical Trials in Oncology Europe 2024

It follows after Suvoda launched its own purpose-built software platform designed to provide a seamless way for drug trial sponsors and sites to manage data across sites.

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