Condor Software

Condor Software

Biopharma finance automation and forecasting platform

Overview

Condor Software provides a cloud-based financial intelligence platform for biopharma, MedTech, and CROs. It unifies clinical, operational, and financial data into a single source of truth and automates processes like clinical accruals, financial planning and forecasting, vendor management, and audits, with integrations to ERP and CTMS for real-time visibility into R&D spend. It differentiates itself with Copilot, Compass, and Connect to automate accruals, forecast costs, and integrate data across systems, helping customers achieve outcomes such as 90% forecast accuracy and a 70% faster month-end close. Its goal is to streamline fragmented clinical finance workflows, reduce manual work, ensure compliance, and provide real-time financial insight to support faster drug development, serving emerging to enterprise biopharma, MedTech, and CRO customers on a SaaS model.

Significant Headcount Growth

About Condor Software

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

Industries

Data & Analytics

Enterprise Software

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$24M

Headquarters

San Diego, California

Founded

2020

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Simplify's Take

What believers are saying

  • Condor manages over $19 billion in R&D spend for Acadia, Alumis, and BridgeBio.
  • July 2026 Ashby shows six open roles, signaling active GTM and engineering expansion.
  • Danforth Advisors collaboration broadens implementation capacity and reduces adoption friction.

What critics are saying

  • Veeva’s March 2026 results show $3.2 billion revenue and overwhelming distribution.
  • Condor’s 2026 hiring spree signals heavy burn before durable revenue proves out.
  • Oracle, Veeva, and CTMS vendors can bundle similar workflows, crushing Condor’s pricing power.

What makes Condor Software unique

  • Condor unifies clinical, operational, and financial data for life-sciences R&D finance.
  • Its May 5, 2026 suite spans accruals, forecasting, scenario planning, and reporting.
  • March 2026 Insight Partners backing validates a specialized biopharma finance wedge.

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Funding

Total Funding

$24M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$24M
Condor Software
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

57%

1 year growth

57%

2 year growth

57%
PR Newswire
May 5th, 2026
Condor Software unveils advanced analytics suite for life sciences R&D finance following $24M Series A

Condor Software has launched its Advanced Analytics and Dynamic Scenario Suite, completing its AI-powered platform for life sciences R&D finance teams. The announcement follows the company's $24 million Series A funding round in March. The suite enables R&D finance teams to create customised dashboards traced to trial-level operational data, model scenarios like enrolment delays without affecting actuals, and compare forecast versions. The platform covers the full R&D financial lifecycle, from automated accruals to forecasting and executive reporting. Condor also previewed AI agents built on a clinical and financial ontology developed with Big Four accounting firms. The platform automatically updates as protocols change, unifying data across clinical operations and finance. Condor currently manages over $19 billion in R&D spend for pharmaceutical clients.

Gulf & Main Magazine
Mar 19th, 2026
Condor Software Raises $24 Million Series A Funding to Build the First Financial Intelligence Platform for Life Sciences

Condor's AI-powered platform automatically unifies clinical, operational, and financial data to empower life sciences companies to see, predict, and control the cost of bringing life-changing therapies to patients

PR Newswire
Apr 9th, 2025
Condor Software Expands Biopharma Industry'S First Financial Cloud For Rd With Enhanced Forecast And Scenario Planning Capabilities

New Benchmarking Features Further Empower Biopharma Finance Teams with Automation, Real-Time Insights, and Predictive Capabilities – Accelerating and Improving Decision-Making Across R&DSAN DIEGO, April 9, 2025 /PRNewswire/ -- Condor Software, which created the first financial cloud for biopharma research and development (R&D), today announced significant enhancements to its Forecast and Scenario Planning Suite. Designed specifically for biopharma R&D finance teams, the enhanced suite now includes advanced benchmarking capabilities to complement existing automation, real-time insights, and predictive analytics. These upgrades enable finance leaders to more precisely forecast R&D costs, rapidly model financial scenarios, and accelerate strategic decision-making.This enhanced Forecast and Scenario Planning Suite represents the ongoing expansion of the Condor Cloud, reinforcing Condor's established position as the trusted, industry-leading platform delivering unmatched financial clarity, efficiency, and informed strategic insights across the spectrum of biopharma R&D. The Forecast and Scenario Planning Suite is one of three product suites that comprise the Condor Cloud, one of which is slated for release later this year."Condor is revolutionizing the way biopharma companies manage their clinical research and development finances," said Jennifer Kyle, the company's CEO and Founder. "Our software powers intelligent workflows, aggregates critical clinical and financial data, and drives smarter, faster decisions. This new enhancement enables us to broaden our coverage and insights needed for financial planning, eliminating guesswork with outdated, error-prone processes in an industry where time and innovation are critical

PR Newswire
Jul 30th, 2024
Condor Software Announces Strategic Collaboration With Danforth Advisors To Streamline Clinical Finance For Biopharma Companies

SAN DIEGO, July 30, 2024 /PRNewswire/ --Condor Software, a leader in clinical trial finance and accounting software, today announced a strategic collaboration with Danforth Advisors to provide an integrated solution for clinical finance. By pairing Condor's technology with the support of Danforth's clinical finance consultants, biopharma companies can more efficiently track and manage clinical costs for improved reporting accuracy and forecasting.Without a qualified clinical finance specialist and efficient process, biopharma companies often struggle with financial reporting and creating reliable forecasts. Together, Condor and Danforth offer a proven software solution, implemented and managed by technical finance specialists with deep understanding of the drug development process. This collaboration enhances reporting accuracy, efficiency, and compliance, enabling biopharma teams to focus on science and innovation."Partnering with Danforth Advisors expands our capabilities beyond technology, providing a tailored comprehensive financial solution for the pharma industry," said Jennifer Kyle, CEO of Condor Software. "I've admired Danforth's talent in Clinical, FP&A, and Accounting. Combining their expertise with our technology offers end-to-end solutions, bridging the gap between the clinical and finance, enabling biopharma companies to reach new levels of financial excellence."Danforth Advisors' Dan Dehner, Managing Director, added, "By offering Condor's software with our clinical finance consulting services, we can further streamline this important work for our clients and uphold the integrity of reporting results."Key benefits of the combined software and service include:Accelerated Financial Close: Increased efficiency through streamlined workflows and automations.Increased efficiency through streamlined workflows and automations

PR Newswire
May 13th, 2024
Condor Software Names Brice Wu As Chief Product And Operations Officer

SAN DIEGO, May 13, 2024 /PRNewswire/ -- Condor Software, a leading provider of clinical trial financial management software nationwide, announced today that Brice Wu has joined their leadership team as Chief Product and Operations Officer. Brice has more than 20 years of experience in leading technical and services teams across healthcare and life sciences. Brice Wu, Chief Product and Operations Officer. "We are thrilled to welcome Brice to the Condor team," said Jennifer Kyle, Chief Executive Officer at Condor Software. "His experience leading high-performing teams within rapidly growing SaaS companies will help strengthen our technical capabilities and accelerate both future product development and adoption of Condor."In his role, Brice is responsible for leading all product and technology efforts across the Condor software portfolio. Previously, he served as Chief Product Officer for Iterative Health, an AI and Computer Vision based suite of colonoscopy diagnosis solutions, and as the Head of Engineering / Chief Technology Officer at Komodo Health, a leading Enterprise SaaS Healthcare Technology company

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