Total raised
$20.9M
Last: Undisclosed 2024-09
Stage
Series C
Founded
2012
Headcount
27
HQ
Ra'anana
Sector
Health Tech & Life Sciences
About
MedAware has developed a medication safety monitoring platform that identifies patient- and provider-specific risks that might otherwise be missed by existing tools and systems. MedAware’s AI engine is used to provide a personalized look at the appropriateness of a patient’s medication therapy at each stage of their treatment journey, identifying prescribing anomalies that could put the patient, provider, care team, and health institution at risk.
MedAware’s AI engine is powered by advanced machine-learning algorithms and outlier-detection mechanisms similar to those trusted by financial institutions for monitoring fraud detection.
Funding history · 8 rounds · $20.9M total
2024-09
Undisclosed
Undisclosed
2020-08
Series C
$5.0M
2019-07
Convertible Debt
$3.5M
2018-11
Convertible Debt
$1.5M
2017-08
Series A
$8.0M
2016-01
Debt Financing
$1.3M
2014-10
Seed
$1.0M
2013-09
Pre-Seed
$800K
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is MedAware's core technology and its primary application?
- MedAware utilizes an AI engine powered by advanced machine-learning algorithms and outlier-detection mechanisms to identify patient- and provider-specific risks in medication safety monitoring.
- When was MedAware founded and where is its headquarters located?
- MedAware was founded in May 2012 and is headquartered in Ra'anana, Israel.
- What was MedAware's most recent funding round and when did it occur?
- MedAware's most recent funding was an Undisclosed round in September 2024, with OurCrowd as an investor.
- Which medical centers have deployed MedAware's patient safety platform?
- Assuta Ashdod Medical Center deployed MedAware's patient safety platform in September 2019, and Sheba Medical bolstered its patient safety practices with MedAware's platform in September 2018.
- What was the amount of MedAware's Series A funding and who were some of the investors?
- MedAware raised $8 million in Series A funding in August 2017. Investors included Gefen Capital and Becton, Dickinson and Company.
- What was the nature of MedAware's partnership with Allscripts in June 2018?
- In June 2018, MedAware partnered with Allscripts to enhance patient safety and improve interoperability.
- What was a key finding validated by MedAware in December 2020 regarding patient safety?
- In December 2020, MedAware validated that physician burnout and lack of experience are linked to prescription errors, posing an emerging risk to patient safety.
- What is MedAware's current employee count?
- MedAware currently has 27 employees.
- What is MedAware's total amount raised in USD?
- MedAware has raised a total of $20,866,000 USD.
Sectors & technology
Primary sector
Health Tech & Life Sciences
Sub-sectors
Health Tech & Life SciencesDigital HealthcareMedical Decision Support
Technologies
Artificial IntelligenceMachine Learning
Target customers
Healthcare & Life SciencesLife SciencesPharmaceuticalsHealthcareProvidersFinancial ServicesFinancial ProductsInsurance
Business model
B2B
Highlights
1 PatentsVerified
Tags
clinical-trialspatent-pendingmedicationhealthcare-providersrisk-managementalert-systemdigital-healthcaremachine-learningdrugs-managementemrdata-analyticsdecision-makingmedical-datapharma-companiesartificial-intelligencedoctorsinsurance-companieshospitalsmobile-applicationsdecision-supportsafetycrowdsourcingbig-data-analytics