Sorcero

Sorcero

AI analytics for life sciences industry

About Sorcero

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

Industries

AI & Machine Learning

Biotechnology

Healthcare

Company Size

51-200

Company Stage

Series A

Total Funding

$14.7M

Headquarters

Washington, District of Columbia

Founded

2018

Overview

Sorcero's AI platform serves the life sciences industry by using advanced AI technologies to transform unstructured medically relevant content into actionable insights. By enabling enterprises to derive meaningful analytics from large data volumes, Sorcero supports enhanced patient care and informed decision-making. A career at Sorcero means working at the forefront of AI application in healthcare, contributing to a culture that values technological advancement and industry leadership.

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Simplify's Take

What believers are saying

  • AI adoption in life sciences is expanding, boosting Sorcero's market potential.
  • Sorcero's collaboration with Lumanity enhances its AI-centered medical strategy services.
  • The demand for real-time data analytics in healthcare supports Sorcero's platform growth.

What critics are saying

  • Emerging AI startups in life sciences could dilute Sorcero's market share.
  • Rapid AI advancements may require costly updates to Sorcero's platform.
  • Dependency on partners like Lumanity poses strategic risks for Sorcero.

What makes Sorcero unique

  • Sorcero's platform is tailored for STEM industries, enhancing expert decision-making at scale.
  • The company leverages AI to streamline workflows and meet regulatory standards in life sciences.
  • Sorcero's recognition includes Fast Company's 2024 Most Innovative Companies, #1 in Small & Mighty.

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Funding

Total Funding

$14.7M

Meets

Industry Average

Funded Over

3 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
$8.2M
Discord
$10M
Sorcero
$15M
Canva
$100M
GitHub

Benefits

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-4%
The Crypto Papers
Nov 7th, 2024
Sorcero Unveils Major Enhancements to Its AI-Driven Life Sciences Platform

In a bold step toward transforming the life sciences sector, Sorcero has rolled out significant updates to its Intelligence Platform, designed to streamline workflows, deepen insights, and meet rigorous regulatory standards.

Zenopa
Mar 25th, 2024
Lumanity and Sorcero Unveil Collaboration for AI-Centered Medical Strategy

Sorcero, a company that specialises in building AI-powered language intelligence platforms for various industries, including healthcare, life sciences, and insurance, has partnered with Lumanity to provide AI-centered strategy services.

Le Lézard
Mar 19th, 2024
Sorcero Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024, #1 in Small & Mighty Category

Sorcero named to Fast Company's annual list of the World's Most Innovative Companies of 2024, #1 in Small & Mighty Category.

PRWeb
Jan 22nd, 2024
Sorcero Ai Platform(Tm) Unlocks Complete Product Insights From Medical Data With New Instant Insights Engine(Tm)

"Sorcero delivers more relevant and comprehensive results faster by mapping queries to conceptual topics and themes that provide a complete picture of your product's performance instantly."

PRWeb
Nov 3rd, 2023
H/L Ventures Named To Inc.'S 2023 List Of Founder-Friendly Investors

Annual roundup highlights the private equity, venture capital, and debt firms with the best track records of success backing entrepreneursNEW YORK, Nov. 3, 2023 /PRNewswire-PRWeb/ -- Inc. today announced its fifth annual Founder-Friendly Investors list, honoring the private equity, venture capital, and debt firms with the best track records of success backing entrepreneurs. H/L Ventures, one of the original venture studios and among New York's most active firms focused on impact and diversity.The final list recognizes 218 firms that remain actively involved with the businesses in their portfolios, and that have earned the trust of the entrepreneurs they support to help drive growth."Now more than ever, founder-led companies need financing partners that offer guidance, expertise, and understanding—not just capital. These are the private equity, venture capital, and debt firms that have founders' backs when it comes to accelerating growth," says Scott Omelianuk, editor-in-chief of Inc. Business Media.H/L Ventures has been taking a hands-on approach to daily active engagement with founders since the company's founding in 2009

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