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.

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