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.

Funded Recently

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

Series B

Total Funding

$72.3M

Headquarters

San Diego, California

Founded

2019

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Simplify's Take

What believers are saying

  • Faro raised $37.3 million on August 26, 2026, led by S32 and Merck GHI.
  • Bristol Myers Squibb collaboration on August 27, 2026 validates autonomous AI demand.
  • DPHARM recognition in 2025 and a 2024 CSO hire deepen commercial credibility.

What critics are saying

  • Headcount fell 5% over one year, signaling constrained scale-up despite August 2026 funding.
  • Sales cycles stay brutal against Medidata and Veeva, who already own enterprise trial workflows.
  • If AI-generated protocol errors reach regulators, Faro's brand dies and bookings freeze by 2027.

What makes Faro Health unique

  • Merck and Faro published a protocol-design study on May 29, 2024.
  • Faro AI launched agentic clinical-development software on August 26, 2026.
  • Six of top ten pharma companies use Faro's single workflow for trials.

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Funding

Total Funding

$72.3M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Meet Average

Industry standards

$35M
$37.3M
Faro Health
$45M
Linktree
$65M
Substack
$100M
ClickUp

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

-1%
EZ Newswire
Aug 26th, 2026
Faro Raises $37.3M Series B to Scale Agentic AI Across Clinical Development

Round co-led by Merck Global Health Innovation Fund and S32, with participation from all existing investors

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
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

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

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