TripleRing

TripleRing

Co-development for medtech and life sciences

About TripleRing

Simplify's Rating
Why TripleRing is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Food & Agriculture

Consulting

Energy

Biotechnology

Company Size

51-200

Company Stage

Seed

Total Funding

$1M

Headquarters

Newark, New Jersey

Founded

2004

Overview

Triple Ring Technologies partners with clients in various sectors, including medtech, life sciences, agriculture, and environmental fields, to develop new technologies and launch projects. Their approach involves co-development, where they work closely with clients to solve complex problems and create breakthrough products. The company operates on a model of collaboration and shared risk, tailoring projects to meet specific client needs. Revenue is generated through project-based fees and shared success models. They also provide flexible 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 successfully bring 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

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

$3.3M
$1.5M
Slack
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Flexible Work Hours

Remote Work Options

Paid Holidays

401(k) Company Match

Company Equity

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

2%

2 year growth

2%
PR Newswire
Feb 1st, 2024
Triple Ring Technologies and 1315 Capital Announce Strategic Growth Partnership

/PRNewswire/ -- Triple Ring Technologies ("Triple Ring"), The Co-Development Company for Medical Device and Life Sciences, proudly announces a significant...

Business Wire
Mar 24th, 2022
Global Edge Recruiting partnered with Triple Ring Technologies, Inc. on Feb 24th 22'.

“I am pleased to report that Global Edge Recruiting recently announced its partnership with Triple Ring Technologies to assist in the design and development of its disruptive telehealth complete solution, a 3D vector ECG collection device for remote heart attack monitoring.

Medical Design & Outsourcing
Mar 10th, 2022
Heartbeam Inc. partnered with Triple Ring Technologies, Inc. on Feb 11th 22'.

HeartBeam (Nasdaq: BEAT) said today that it has signed a professional services agreement with Triple Ring Technologies to help develop and design its personal, portable heart attack detector.

Triple Ring Technologies
Feb 2nd, 2022
Triple Ring Technologies, Inc. partners with Onehealthgroup

“Triple Ring is pleased to partner with One Health Group to develop the next version of their exciting platform for next-generation remote animal health monitoring.

Plant
Jan 12th, 2022
Triple Ring Technologies, Inc. partners with Woods Hole Oceanographic Institution

Triple Ring Technologies announced a collaboration with Woods Hole Oceanographic Institution (WHOI) to provide a portable micro-plastic sensor that quantifies the number of plastic particles in water.

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