3Aware

AI-driven platform for medical device surveillance

Indianapolis, Indiana, United States

About 3Aware

3Aware.ai focuses on post-market surveillance (PMS) for medical devices, helping manufacturers comply with regulations like the EU Medical Device Regulation (MDR). Their main product, aiSurveillance, is a real-time software platform that combines three separate solutions into one, allowing for efficient access, analysis, and alerts regarding real-world clinical data. By using artificial intelligence, the platform automates data collection and analysis, which helps clinical and regulatory teams save time and reduce costs. Unlike competitors, 3Aware.ai offers a customizable solution tailored to the specific needs of each client, ensuring ongoing support and updates through a subscription-based model. The goal of 3Aware.ai is to enhance the safety and effectiveness of medical devices while streamlining compliance processes for manufacturers.

Indianapolis, IndianaHeadquarters
2022Year Founded
$2.1MTotal Funding
EARLY_VCCompany Stage
Data & Analytics, HealthcareIndustries
11-50Employees

Benefits

Unlimited Paid Time Off
Remote Work Options
Flexible Work Hours
401(k) Company Match
Health Insurance
Vision Insurance
Dental Insurance
Life Insurance
Disability Insurance
Professional Development Budget
Stock Options
Wellness Program

Risks

Over-reliance on Mayo Clinic data may limit diversity and increase vulnerability.
New CTO Prashant Thumma's strategies might disrupt current operations or delay projects.
Raising $8 million in equity suggests potential cash flow challenges for 3Aware.

Differentiation

3Aware.ai integrates three solutions into one platform, enhancing efficiency in post-market surveillance.
The aiSurveillance platform automates data collection, reducing time and costs for MedTech companies.
3Aware's collaboration with Mayo Clinic provides access to extensive, diverse clinical data.

Upsides

The integration with Mayo Clinic enhances device coverage and automates post-market clinical follow-up.
3Aware's aiSurveillance reduces compliance costs by 50% and time by 90%.
The appointment of Prashant Thumma as CTO strengthens 3Aware's technology leadership.

Funding

Total raised$2.09 M
Latest valuation$10.75 M
StageEARLY_VC
EARLY VC
12/31/2023
$2
$10.75 M