Faro Health

Faro Health

Clinical trial design and collaboration platform

Overview

Faro Health provides a software platform that helps research teams design and run clinical trials more efficiently. It offers a single, flexible surface where users can manage data, documents, words, and team collaboration, consolidating protocols, spreadsheets, and workflow apps in one place. The platform works by centralizing all components needed for protocol design and trial execution, enabling teams to design, review, and implement trials with less back-and-forth and faster decision-making. Faro Health differentiates itself by offering an integrated, end-to-end environment focused on reducing operational cycle time and improving trial quality through centralized data and workflows, rather than scattering resources across separate tools. The company’s goal is to help research teams design and implement clinical trials more efficiently and effectively, shortening timelines and streamlining processes through a subscription-based software solution.

About Faro Health

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

Industries

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Early VC

Total Funding

$35M

Headquarters

San Diego, California

Founded

2019

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Simplify's Take

What believers are saying

  • Bristol Myers Squibb's April 6, 2026 collaboration expands Faro into global enterprise deployment.
  • Faro's July 23, 2026 Fierce AI Innovation finalist status strengthens enterprise credibility.
  • Merck collaboration evidence from May 29, 2024 validates measurable cost and duration reductions.

What critics are saying

  • Evinova's February 9, 2026 BMS collaboration directly targets Faro's same protocol-design workflow.
  • Medidata's June 2026 Protocol Optimization uses 38,000 trials and 12 million patients.
  • If BMS shifts to Evinova or Medidata, Faro loses its flagship enterprise anchor.

What makes Faro Health unique

  • Faro won CDISC's 2025 AI Innovation Challenge on January 30, 2026.
  • Faro's March 31, 2026 BMS deal made Study Designer a system of record.
  • Faro's platform quantifies protocol burden using structured digital assets and traceable AI workflows.

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Funding

Total Funding

$35M

Above

Industry Average

Funded Over

2 Rounds

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

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Sick Leave

Paid Holidays

Training Programs

Hybrid Work Options

401(k) Retirement Plan

Stock Options

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-5%

2 year growth

-3%
PharmiWeb
Jun 17th, 2024
Faro Health Inc. Appoints Vivian Dewoskin As Chief Strategy Officer

Vivian joins Faro Health Inc. as the company aims to accelerate the growth and adoption of its market-leading SaaS platform for data-driven clinical development.SAN DIEGO, CA / ACCESSWIRE / June 17, 2024 / Faro Health Inc., the leading SaaS platform for data-driven clinical development, is pleased to announce the appointment of Vivian DeWoskin as Chief Strategy Officer.Vivian joins the Faro Health team as the company looks to significantly accelerate the market footprint for its AI-based platform, which aims to transform the clinical trial protocol development process by enabling data-driven, patient-focused decisions in protocol development. Vivian brings a unique combination of skills and experience gained across roles in consulting, sales, product strategy, and commercial leadership that will be essential in defining and solidifying Faro's leadership position in the market.Vivian's passion for the intersection of AI and healthcare began in her undergraduate education at Princeton University, where she studied cognitive and computational neuroscience and developed a deep appreciation for data and predictive modeling. She spent the early years of her career deeply immersed in all stages of drug development and commercialization at Trinity Life Sciences, gaining first-hand experience in the challenges of bringing new therapeutic innovations to market in an efficient and competitive manner. After pursuing her MBA at Berkeley-Haas, Vivian joined Komodo Health in 2019, where she would eventually serve as VP and Head of Strategy, situated at the intersection of commercial leadership and market strategy, as Komodo scaled their data and analytics software business to hundreds of life sciences customers. Most recently, Vivian returned to her neuroscience roots and deepened her passion for supporting Clinical Development as Chief Commercial Officer of NeuraLight, a digital biomarker company focused on neurodegenerative disease

Newswire
Jun 17th, 2024
Faro Health Inc. Appoints Vivian DeWoskin as Chief Strategy Officer

Faro Health Inc. appoints Vivian DeWoskin as Chief Strategy Officer.

PharmiWeb
May 29th, 2024
New Study Quantifies The Impact Of Improved Clinical Trial Design Using Faro Health’S Study Designer Tool

Digital tool gives real-time feedback on the impact of changes to clinical study protocols, helping clinical teams reduce the cost, duration and burden of studies on sponsors, sites and patients

PharmiWeb
May 29th, 2024
New Study Quantifies The Impact Of Improved Clinical Trial Design Using Faro Health'S Study Designer Tool

Digital tool gives real-time feedback on the impact of changes to clinical study protocols, helping clinical teams reduce the cost, duration and burden of studies on sponsors, sites and patients.SAN DIEGO, CA / ACCESSWIRE / May 29, 2024 / A new study, published in the peer-reviewed journal Therapeutic Innovation & Regulatory Science and conducted in collaboration with Merck, shows that when Faro's Study Designer Tool was applied to clinical trial protocol development using a lean design methodology, it was easy to visualize, quantify, and therefore recommend, trial improvements.Specifically, the Faro Study Designer Tool compared a lean design approach, which starts from a "ground zero" schedule of assessments before adding changes, to the traditional, copy-and-paste method, which uses a past, complete schedule of assessments. In doing so the Tool showed that for certain trials, when using a lean design methodology, there would be less burden to study participants, trial sites and staff, a reduction in overall costs, and a shorter trial."The biggest problem in clinical protocol development today is that protocols are designed in Microsoft Word. No real-time feedback is given to clinical teams, making it harder to assess the impact of complex decisions that affect everyone involved, from patients to site staff, caregivers, regulators, and payers," said Scott Chetham, CEO, Faro Health. "This study demonstrates that when immediate, measurable feedback is generated by a patient-centric, digital tool, it can reduce the cost, time and burden of conducting clinical studies. This empowers clinical teams to focus on what matters and make smart, strategic decisions to improve their trial design and the overall experience for patients."The study, "A Method to Redesign and Simplify Schedules of Assessment and Quantify the Impacts," addresses the growing complexity of pharmaceutical-sponsored clinical trials and the adverse impacts on participants, sites and sponsors, including difficulty recruiting and retaining patients and engaging sites to conduct trials, rising costs, and increased trial durations. The study focused on improving the schedule of assessments (SoA), considered the blueprint for trial protocols that is more often generated by copy and pasting from previous SoAs.The lean design approach approach, which starts with a "ground zero" SoA, was used by teams at Merck across six clinical trials

PharmiWeb
Mar 25th, 2024
Faro Health Inc. Appoints Patrick Leung As Chief Technology Officer

SAN DIEGO, CA / ACCESSWIRE / March 25, 2024 / Faro Health Inc., the emerging leader in clinical trial development using AI to optimize protocol design and outcomes, is pleased to announce the appointment of Patrick Leung as Chief Technology Officer.This appointment comes at a time of significant momentum for Faro Health as it continues to evolve its AI-based platform for optimal clinical trial design and document generation. Patrick is a native of New Zealand with degrees in Computer Science and Finance. Early in his career, he was a founding employee at one of the first e-commerce software vendors where he helped lead the company from pre-seed stage to IPO.Later in his career, Patrick spent over a decade at Google leading Engineering teams in many groups, culminating in the launch of Google Duplex - a then-state-of-the-art AI system for conducting natural conversations to carry out real-world tasks over the phone. After Google, Patrick became CTO of Two Sigma Investments, one of the world's leading algorithmic hedge funds, where he pioneered the application of AI and alternative data to the private equity markets. Patrick's leadership in the development of such major advances in the application of AI to real-world problems makes him the ideal choice to lead Faro Health's technology and product efforts. In 2020, Patrick's passion for service led him to co-found Earthshot Labs, an NSF-funded AI platform for tropical reforestation and conservation

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