B

Biofourmis

Predictive health platform enabling hospital-at-home monitoring

Overview

Biofourmis delivers hospital-level care at home by combining a digital health platform with biosensors and deep learning. Hospitals, pharma firms, and patients use its predictive analytics to remotely monitor patients, track vital data, and personalize care. The platform works through wearable sensors that collect data and AI models that continuously analyze it to predict medical events and guide interventions, enabling proactive care outside the hospital. Compared to traditional remote monitoring, Biofourmis focuses on deep learning-based predictive analytics and end-to-end care delivery, plus partnerships with pharmaceutical companies to optimize drug efficacy and outcomes. The company aims to prevent costly health events, improve patient outcomes, and extend hospital-level care into home settings by selling subscriptions and service contracts to healthcare systems and collaborating with drug developers.

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About Biofourmis

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

Industries

Data & AnalyticsAI & Machine LearningHealthcare

Company Size

51-200

Company Stage

Series D

Total Funding

$463.6M

Headquarters

Boston, MA

Founded

2015

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What believers are saying

  • November 2026 reports show $20 million top-up funding from Intel Capital.
  • Biofourmis won Novartis heart-failure collaboration for Southeast Asia, with global expansion optionality.
  • Lee Health pilot expands Hospital at Home, validating Biofourmis inside a real health system.

What critics are saying

  • ActiGraph bought Biofourmis Connect in January 2025, shrinking life-science revenue and focus.
  • June 2025 layoffs cut 120 employees globally, signaling cost pressure and organizational strain.
  • Two business lines remain vulnerable: payer reimbursement cuts and hospital-at-home contract losses.

What makes Biofourmis unique

  • BiofourmisCare spans hospital-at-home, transitional care, and chronic monitoring in one workflow.
  • October 2024 CopilotIQ merger unified pre-surgery, acute, post-acute, and chronic in-home care.
  • Epic showroom integration gives Biofourmis live EHR connectivity across remote patient monitoring.

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Funding

Total Funding

$463.6M

Above

Industry Average

Funded Over

9 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$20M
$50M
$70M
$80M
$100M

Benefits

  • Health Insurance
  • Paid Vacation
  • Paid Holidays
  • Remote Work Options
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

-2%

1 year growth

-1%

2 year growth

-3%
JH Consulting Online
Jan 7th, 2025
AdventHealth launches new Acute Care-at Home Program

AdventHealth launches new acute care-at home program.

PR Newswire
Jan 7th, 2025
Actigraph Accelerates Clinical Trial Modernization With Transformational Acquisition Of Biofourmis Life Science Business

PENSACOLA, Fla. and NASHVILLE, Tenn., Jan. 7, 2025 /PRNewswire/ -- ActiGraph, the global leader in wearable digital health technology for clinical research and development, has announced the acquisition of Biofourmis Connect, a division of Biofourmis that delivers an AI-driven, digital trial platform tailored for the life science industry. The combined solution will create a market-leading, unified software and data ecosystem for the modernization of clinical research throughout the drug-product lifecycle and across therapeutic areas.This strategic acquisition enables ActiGraph to deliver the industry's most comprehensive and trusted digital health solution, supporting a wide range of clinical use cases with a device-agnostic platform and patient-centric approach. ActiGraph's leading-edge, medical-grade LEAP wearable technology will be integrated alongside other medical-grade devices, including ECG, pulse oximetry, spirometry, and blood pressure, powered by regulatory-cleared algorithms. ActiGraph is further elevating its leadership in the remote and real-time capture of continuous, high-precision digital health data and will address new areas of high unmet need, such as objective assessments of pain and prediction of Cytokine Release Syndrome (CRS) risk in oncology and immunology trials.Boosted by more than 30 proprietary AI-driven algorithms and practical expertise working with the FDA and EMA, ActiGraph will expand its support of biopharma clients throughout the full life cycle of their assets with bespoke digital biomarker programs

HIT Consultant
Jan 7th, 2025
Actigraph Acquires Biofourmis Life Science Business

ActiGraph Acquires Biofourmis Life Science Business. by Fred Pennic 01/07/2025 Leave a Comment. What You Should Know: – ActiGraph, a global leader in wearable digital health technology, announced the acquisition of Biofourmis Connect, a division of Biofourmis specializing in AI-powered digital trial platforms for the life science industry. Financial terms of the acquisition were not disclosed.– The acquisition combines ActiGraph’s expertise in wearable technology with Biofourmis Connect’s advanced analytics capabilities, creating a comprehensive and unified solution for modernizing clinical research.Acquisition ImpactThe acquisition enables ActiGraph to deliver a market-leading, device-agnostic platform that supports a wide range of clinical use cases throughout the drug development lifecycle. By integrating Biofourmis Connect’s AI-driven technology, ActiGraph enhances its ability to capture and analyze high-precision digital health data, leading to more efficient and patient-centric clinical trials.“The life science industry has sought out digital innovations to improve clinical development productivity, but they need end-to-end support solidified by operational, analytical, and regulatory expertise.  The synergies with Biofourmis Connect will allow ActiGraph to transform its portfolio by adding AI-driven analytics into a digital, device-agnostic platform, allowing our clients to benefit from a true scalable solution with a seamless experience for patients and clinical sites,” said Jeremy Wyatt, CEO of ActiGraph. “We are especially excited to welcome the seasoned Biofourmis Connect employees to our global team, strengthening our capacity for growth and innovation.”

Tech in Asia
Dec 13th, 2024
Healthtech Unicorn Biofourmis Cuts More Jobs After Merger

Healthtech unicorn Biofourmis axed about 30 employees from its Singapore and India offices at the end of November, people familiar with the matter told Tech in Asia. However, the exact number of retrenched staff per country remains unclear. The move comes just a month after US-headquartered Biofourmis and General Atlantic-backed CopilotIQ announced a merger to form an AI-driven platform aimed at providing in-home healthcare. Tech in Asia has reached out to Biofourmis for comment.Photo credit: BiofourmisBiofourmis underwent two rounds of layoffs last year. The first occurred before Kuldeep Singh Rajput, the company’s CEO at the time, stepped down in August 2023. The second involved 130 employees and took place months later in October, when the firm began winding down operations in Singapore

Business Wire
Nov 18th, 2024
Biofourmis Supports Expansion of Remote Patient Monitoring and Introduction of Home Based Hospital Care at Lee Health

To enhance the experience, Biofourmis is integrating with Lee Health's Epic Electronic Health Record (EHR) system, ensuring critical patient data is accessible for continuity of care and efficient management of acute and post-acute care, even from a patient's home.

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