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PaceMate

Remote cardiac monitoring and telemedicine platform

Overview

PaceMate provides remote cardiac monitoring through a cloud-based platform that healthcare providers use to collect, monitor, and analyze real-time heart data from patients. The system supports virtual care by integrating telemedicine features such as videoconferencing and continuous data streams, enabling clinicians to assess heart health without in-person visits. The product works by gathering data from patients’ monitoring devices, sending it to the cloud where it is analyzed, and delivering actionable insights to clinicians for timely decisions. PaceMate differentiates itself by combining real-time analytics with seamless telemedicine integration and by forming partnerships with healthcare organizations on a subscription model, rather than relying on standalone devices. Its goal is to improve patient outcomes, increase the efficiency of cardiac care, and reduce infection risk by enabling safe, remote monitoring and care at scale.

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About PaceMate

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

Industries

Data & AnalyticsEnterprise SoftwareHealthcare

Company Size

201-500

Company Stage

Series A

Total Funding

$8M

Headquarters

Saint Petersburg, Florida

Founded

2015

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Simplify's take

What believers are saying

  • PaceMate manages 2.3 million patients across health systems, proving national operating scale.
  • September 2025 AI leadership and April 2026 CMO hires sharpen product credibility and workflow automation.
  • The August 2025 Medtronic Paceart acquisition expands data access and accelerates customer conversion.

What critics are saying

  • PaceMate has raised only $8 million, limiting enterprise sales, integrations, and AI burn.
  • Medtronic and Philips still control downstream cardiac workflow relationships and buyer trust.
  • If hospitals delay cloud migration, PaceMateLIVE stalls and PaceMate becomes a niche services vendor.

What makes PaceMate unique

  • PaceMate controls Paceart data migration and Medtronic Paceart Optima workflows.
  • PaceMateLIVE unifies ordering, monitoring, reporting, and billing in one cloud platform.
  • JR Finkelmeier brought Philips ambulatory monitoring scale into PaceMate's commercial strategy.

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Funding

Total Funding

$8M

Below

Industry Average

Funded Over

1 Rounds

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
Below Average

Industry standards

$15M
$8M
$8.2M
$15M
$30M

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Disability Insurance
  • Health Savings Account/Flexible Spending Account
  • Paid Vacation
  • Discount Program
  • Hospital Indemnity
  • Critical Illness
  • Accident Coverage
  • Legal Services
  • Remote Work Options

Growth & Insights and Company News

6 month growth

0%

1 year growth

3%

2 year growth

1%
Wainscot Media
Sep 16th, 2025
PaceMate Readies Cardiac Monitoring Platform for AI Expansion, Names New Head of AI

Sept. 16, 2025 - PaceMate has appointed Sean Shoffstall as Head of AI, Innovation and Data Strategy.

Business Wire
Aug 15th, 2025
PaceMate® Acquires Medtronic Paceart Optima™ System, Bringing Complementary Capabilities to Cardiac Data Management

PaceMate®, a pioneer in cardiac data management and remote monitoring, announced today the acquisition of the Paceart Optima™ system, an on-premises cardiac ...

Teknovation.biz
Jun 17th, 2025
Southeast Shoutouts | Wilmington, Nc Becoming A Hotbed For Entrepreneurs

From Wilmington, NC: What a difference a decade-plus can make. As noted in this article from WilmingtonBiz, the coastal Carolina community is ranked #60 in the recent “Global Start-up Ecosystem... The post Southeast Shoutouts | Wilmington, NC becoming a hotbed for entrepreneurs appeared first on Teknovation.biz.

Business Wire
Jun 5th, 2025
PaceMate(R) Names JR Finkelmeier CEO As It Sets Its Sights on Large-Scale Expansion

Finkelmeier joined PaceMate as Chief Commercial Officer in 2024, after years leading Philips' multi-hundred-million-dollar ambulatory monitoring division.

PaceMate
May 2nd, 2025
Recap: PaceMate at HRS 2025: Innovations in Cardiac Remote Monitoring

New Releases At HRS 2025, PaceMate, LLC were excited to announce its Proprietary PaceArt Historic Data Migration Tool, offering PaceArt customers the exclusive capability to migrate their historical PaceArt data to PaceMateLIVE - its next-generation, cloud-based platform built for the future of cardiac data management.

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