Doximity

Doximity

Digital platform for healthcare professionals

About Doximity

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

Industries

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

IPO

Headquarters

San Francisco, California

Founded

2010

Overview

Doximity is a digital platform that supports healthcare professionals in the United States, including doctors and nurses. It offers a variety of tools aimed at improving communication and collaboration among medical practitioners. Key features include a social networking platform for sharing insights and medical news, a residency navigator that helps medical students manage their residency applications with peer reviews, and telehealth services that allow doctors to conduct virtual consultations with patients. Doximity differentiates itself from competitors by focusing specifically on the needs of healthcare workers and generating revenue through targeted advertising, premium subscriptions for advanced features, and fees from telehealth services. The company's goal is to enhance the professional lives of healthcare workers by providing them with essential tools and resources.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased telehealth adoption boosts Doximity's potential market share and service expansion.
  • AI integration in healthcare platforms offers Doximity opportunities to enhance platform capabilities.
  • Growing demand for specialized communication tools supports Doximity's networking and collaboration features.

What critics are saying

  • Class action lawsuit could lead to financial penalties and reputational damage for Doximity.
  • Increased competition from platforms like Teladoc Health may impact Doximity's growth.
  • Workforce reduction in August 2023 might affect Doximity's operational capabilities and morale.

What makes Doximity unique

  • Doximity connects over 70% of U.S. physicians, offering unparalleled networking opportunities.
  • The platform integrates telehealth, networking, and residency tools, enhancing healthcare professional productivity.
  • Doximity's focus on U.S. healthcare professionals ensures tailored services for this specific market.

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Funding

Total Funding

$687.8M

Above

Industry Average

Funded Over

4 Rounds

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

401(k) Company Match

Family Planning Benefits

Paid Vacation

Paid Holidays

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
MarketBeat
Mar 18th, 2025
Counterpoint Mutual Funds LLC Invests $1.82 Million in Doximity, Inc. (NASDAQ:DOCS)

Counterpoint Mutual Funds LLC invests $1.82 million in Doximity, Inc. (NASDAQ:DOCS).

Ruby on Rails
Dec 12th, 2024
Introducing the first Rails case study: Doximity's Journey with Rails

To kick off this series, Ruby on Rails is highlighting the story of why Doximity chose Rails in 2010, and how they've been building and scaling their original monolith successfully for the past 15 years.

VentureBeat
Dec 9th, 2024
A New Benchmark For Ai Investment: Swift Ventures Unveils System To Separate Talk From Action

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More. Swift Ventures has unveiled a new artificial intelligence company index today, creating the first systematic scoring system to identify public companies making genuine investments in AI technology rather than just talking about it in earnings calls.The venture capital firm developed the index by fine-tuning large language models to analyze thousands of earnings transcripts, hiring data, and research contributions. The analysis revealed that while companies mentioned AI over 16,000 times in last quarter’s earnings calls, only a small fraction are making substantial investments in the technology.“Everyone sees that the world’s changing — AI is changing the world, but most people, they just don’t have a way to partake in the upside,” said Brett Wilson, cofounder of Swift Ventures, in an exclusive interview with VentureBeat. “They can’t invest in private companies like I do as a VC, and it’s just not easy to find true AI companies beyond just buying Nvidia or the Magnificent Seven.”How top AI companies are crushing market returns: New performance dataThe index currently tracks approximately 90 companies and uses three primary metrics: investment in AI research and open-source contributions, AI talent density, and revenue derived from AI operations.Companies that meet the criteria for inclusion in the index have demonstrated remarkable market performance, with the index showing 37% annual growth over the past three years, substantially outperforming both the Nasdaq’s 12% and the SP’s 19% growth during the same period.Perhaps most striking is the correlation between research investment and profitability. Wilson noted, “When we looked at companies that are regularly contributing to AI research and open-source models, you see it reflected in their profitability

MarketBeat
Nov 23rd, 2024
Banco Santander S.A. Makes New $647,000 Investment in Doximity, Inc. (NASDAQ:DOCS)

Banco Santander S.A. Makes new $647,000 Investment in Doximity, Inc. (NASDAQ:DOCS).

Business Wire
Sep 23rd, 2024
DOXIMITY INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Doximity, Inc.'s Directors and Officers for Breach of Fiduciary Duties - DOCS

Scott+Scott is investigating whether members of Doximity's board of directors or senior management failed to manage Doximity in an acceptable manner, in breach of their fiduciary duties to Doximity, and whether Doximity and its shareholders have suffered damages as a result.

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Doximity is Hiring for 9 Jobs on Simplify!

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Doximity is Hiring for 9 Jobs on Simplify!

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