Overview

Triple Ring Technologies partners with clients in the medtech, life sciences, agriculture, and environmental sectors to develop new technologies and launch projects. Their approach involves collaboration and shared risk, allowing them to tailor projects to meet specific client needs. They generate revenue through project-based fees and shared success models. The company provides access to office and lab spaces, promoting a collaborative environment. By assembling expert teams and using a systems engineering approach, inspired by the Wright Brothers, Triple Ring aims to solve complex problems and successfully bring breakthrough products to market.

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Simplify's Take

What believers are saying

• Rising telehealth trends boost demand for Triple Ring's innovative medical devices.
• Environmental sustainability focus increases demand for pollution-addressing technologies like micro-plastic sensors.
• Personalized healthcare trends open avenues for portable health monitoring devices.

What critics are saying

• Increased competition in medtech and life sciences may impact Triple Ring's market share.
• Rapid technological advancements require continuous innovation to maintain competitiveness.
• Economic downturns could reduce funding and investment in new technology projects.

What makes TripleRing unique

• Triple Ring excels in co-development across medtech, life sciences, and environmental sectors.
• The company uses a systems engineering approach inspired by the Wright Brothers.
• Triple Ring offers flexible access to office, lab space, and shared facilities.

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Funding

Total Funding

$1M

Below

Industry Average

Funded Over

1 Rounds

$1,000,000

Seed

Dec 2015

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Below Average

Industry standards

Ind Avg. $3.3M

$500k

$1M

$1.5M

$2M

$2.3M

$3M