Company profile: Faro Health
1.1 - Company Overview
Company description
- Provider of a cloud-based Smart Designer Platform for designing clinical trial protocols, offering real-time performance insights and recommendations for protocol optimization; SOC 2 Type 2 compliant to ensure security, availability, and confidentiality. Member of Microsoft for Startups with access to Microsoft technology, mentorship, and business support.
Products and services
- Microsoft for Startups Membership: An ecosystem-backed program that delivers access to Microsoft technology, mentorship, and business support, empowering Faro Health to leverage Microsoft resources for growth
- Smart Designer Platform: An enterprise-grade, cloud-based system that architects clinical trial protocols, surfaces real-time performance metrics insights, and generates data-driven recommendations for protocol optimization to streamline study design
- SOC 2 Type 2 Compliance: An AICPA-audited certification that verifies the platform meets stringent security, availability, and confidentiality standards through completed SOC 2 Type 2 examination and ongoing controls
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Faro Health
PHT
HQ: United States
Website
- Description: Provider of Web-based clinical trial direct data capture and management technologies, including market-leading electronic patient reported outcome (ePRO) solutions used globally in clinical trials. Offers LogPad and StudyPad systems to improve data quality and the StudyWorks online portal providing study sponsors, monitors and sites with real-time access.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
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- Total funding raised: $●●●m
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SDI Health
HQ: United States
Website
- Description: Provider of healthcare market insight and analytics services.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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eClinical Solutions
HQ: United States
Website
- Description: Provider of a data intelligence hub that transforms clinical data integration, aggregation, and analytics, leveraging clinical trial expertise and platforms including Rave Clinical Cloud and the elluminate Clinical Data Cloud; offerings include Mapper, Data Central, Clinical Analytics, Risk-Based Quality Management, and eIQ Review to accelerate clinical development.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Complion
HQ: United States
Website
- Description: Provider of an eRegulatory digital platform for clinical research sites, enabling administrators and research coordinators to more efficiently maintain compliance protocols, supporting investigators with fewer hassles, and streamlining crucial information for auditors and quality assurance.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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Linaris
HQ: Germany
Website
- Description: Provider of a comprehensive product offering of antibodies, proteins, ELISA kits, and reagents from leading global manufacturers as a specialized distributor.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
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- Acquisitions: ●●
View full Linaris company profile →
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Faro Health
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Buyer group 2: ████████ ████████
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Buyer group 3: ████████ ████████
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Faro Health
2.2 - Growth funds investing in similar companies to Faro Health
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4 - Top valuation comps for Faro Health
4.2 - Public trading comparable groups for Faro Health
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