Allurion

Allurion

Non-surgical weight loss balloon solutions

About Allurion

Simplify's Rating
Why Allurion is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Consumer Software

Healthcare

Company Size

201-500

Company Stage

IPO

Total Funding

$112.4M

Headquarters

Natick, Massachusetts

Founded

2009

Overview

Allurion focuses on managing obesity through its unique weight loss solution. The Allurion Balloon is a non-surgical weight loss balloon that can be placed and removed without the need for surgery, endoscopy, or anesthesia. This product is part of the Allurion Program, which includes digital tools like the Allurion Mobile App for patients, Allurion Insights for healthcare providers, and connected devices such as a scale and health tracker. This combination allows for personalized weight loss management and monitoring. Allurion stands out from competitors by offering a comprehensive program that integrates both the physical product and digital support, making it easier for patients and providers to work together on weight loss goals. The company's goal is to provide effective, non-invasive solutions for individuals struggling with obesity, ultimately aiming to improve health outcomes on a global scale.

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Funded Recently
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Simplify's Take

What believers are saying

  • Growing global obesity rates increase demand for Allurion's weight management solutions.
  • The digital health market's projected growth supports Allurion's digital tool offerings.
  • AI integration in healthcare aligns with Allurion's Virtual Care Suite expansion.

What critics are saying

  • Allurion Balloon's lack of US approval limits access to a major healthcare market.
  • Rapid tech evolution and cybersecurity threats challenge Allurion's digital tool reliance.
  • Financial needs indicated by recent public offering may suggest high operational costs.

What makes Allurion unique

  • Allurion offers a non-surgical weight loss solution with its innovative Allurion Balloon.
  • The Allurion Program integrates digital tools for personalized weight management therapy.
  • Allurion's Virtual Care Suite enhances patient and clinician engagement through connected health devices.

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Funding

Total Funding

$112.3M

Above

Industry Average

Funded Over

6 Rounds

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

Benefits

Paid Vacation

Remote Work Options

Phone/Internet Stipend

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 3%

1 year growth

↓ -1%

2 year growth

↑ 5%
TipRanks
Jan 6th, 2025
Allurion Technologies Expands Board with New Appointment

Allurion Technologies, Inc., a company incorporated in Delaware, has expanded its Board of Directors from eight to nine members, appointing R. Jason Richey as a Class II director.

Quantis
Sep 3rd, 2024
Allurion Announces the Appointment of Eli Lilly Veteran, Keith Johns, to Its Board of Directors

Allurion announces the appointment of Eli Lilly veteran, Keith Johns, to its Board of Directors.

Business Wire
Aug 20th, 2024
Allurion Announces the Appointment of Adrian Wild as Senior Vice President, International Commercial

Allurion announces the appointment of Adrian Wild as senior vice president, International Commercial.

BioSpace
Jun 28th, 2024
Allurion Announces Pricing of $20 million Public Offering and Concurrent Private Placement

Allurion announces pricing of $20 million public offering and concurrent private placement.

Investing.com
Jun 26th, 2024
Allurion announces $20 million stock and warrant offering

NATICK, Mass. - Allurion Technologies, Inc. (NYSE: ALUR), a healthcare company focused on obesity treatment solutions, has launched a public offering of common stock and warrants with an aim to raise up to $20 million.

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