Overview

Paradigm Health focuses on improving the healthcare system by creating a platform that makes patient care more efficient. This platform helps reduce the workload on doctors, which in turn allows more patients to receive care and speeds up the time it takes to conduct medical studies. The company serves a variety of clients, including healthcare providers and research institutions, and earns revenue by offering its platform as a service. What sets Paradigm Health apart from its competitors is its commitment to equitable access to quality care for all patients, no matter where they are located. The goal of Paradigm Health is to transform the healthcare landscape by making it easier for patients to get the care they need and for healthcare professionals to provide that care.

Simplify's Take

What believers are saying

• AI-driven solutions enhance clinical trial data collection and management.
• Partnerships with Sheba Medical and Florida Cancer Specialists expand clinical trial access.
• Growing demand for real-world evidence supports Paradigm Health's platform.

What critics are saying

• Increased competition from AI-driven healthcare solutions challenges market position.
• Geopolitical risks may impact the Sheba Medical Center partnership.
• Rapid technological advancements may outpace Paradigm Health's platform updates.

What makes Paradigm Health unique

• Paradigm Health's platform reduces physician burden, enhancing patient care and study timelines.
• The company offers equitable access to healthcare, regardless of patient location.
• Strong leadership from former executives of Merck, Regeneron, and the FDA.

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Funding

Total Funding

$203M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

General Catalyst

Notable Investors:

General Catalyst

$203,000,000

Series A

Jan 2023

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

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$203M