The health diagnostics sector includes 17 major private companies with a global presence. These firms operate in areas from telehealth in the United States to medical equipment manufacturing in China. Telehealth provider Ro is valued at $7 billion. Radiology Partners has raised $4.3 billion to support its radiology services.
Below is the full list of 17 Health Diagnostics unicorn startups at this time.
Top 10 Most Valuable Health Diagnostics Unicorns
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Get the Sheet for $50Ro built a telehealth company that gives patients direct access to doctors and treatments for various conditions. Their platform handles everything from online consultations and prescriptions to the delivery of medication right to a patient's door.
| Valuation | $7B (Joined July 2020) |
| Headquarters | New York, New York, United States |
| Year Founded | 2017 |
| Founders | Rachel Blank, Rob Schutz, Saman Rahmanian, Zachariah Reitano |
| Funding Amount | $1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | TQ Ventures, General Catalyst, BoxGroup, Gaingels, Slow Ventures |
United Imaging Healthcare develops and manufactures a full portfolio of advanced medical imaging and radiotherapy equipment. Their work includes creating intelligent IT solutions alongside systems like MRI and CT scanners to improve global access to medical care.
| Valuation | $5B |
| Headquarters | Shanghai, Shanghai, China |
| Year Founded | 2011 |
| Founders | Daniel Mou |
| Funding Amount | CN¥3.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series A |
| Top Investors | CMB International Capital Corporation, China Life Insurance, CICC, SDIC Fund Management, CITIC Securities |
Radiology Partners operates the largest physician-led radiology practice in the U.S., providing on-site and remote services to hospitals and healthcare facilities. Their work centers on transforming the field by combining clinical best practices with new technologies like artificial intelligence to improve patient care.
| Valuation | $4B (Joined February 2018) |
| Headquarters | El Segundo, California, United States |
| Year Founded | 2012 |
| Founders | Anthony Gabriel, Richard Whitney |
| Funding Amount | $4.3B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Starr Investment Holdings, New Enterprise Associates, Future Fund |
Somatus partners with health plans and medical groups to deliver value-based care for patients with kidney disease. They deploy a patient-centered model, supported by their RenalIQ® technology platform, to improve health outcomes and lower the total cost of care.
| Valuation | $3B (Joined February 2022) |
| Headquarters | Mclean, Virginia, United States |
| Year Founded | 2016 |
| Founders | Anthony Welters, Ikenna Okezie |
| Funding Amount | $465.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Wellington Management, Longitude Capital, Flare Capital Partners, Deerfield, RA Capital Management |
Freenome develops blood tests for early cancer detection using a comprehensive multiomics platform. These tests are designed to make routine screening more accessible through a simple blood draw.
| Valuation | $2.62B (Joined August 2020) |
| Headquarters | South San Francisco, California, United States |
| Year Founded | 2014 |
| Founders | Charles Roberts, Gabriel Otte, Michael Otte, Riley Ennis |
| Funding Amount | $1.5B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Polaris Partners, Founders Fund, Verily, Andreessen Horowitz, RA Capital Management |
Main Street Health brings value-based care to rural America by partnering with existing primary care clinics. They provide these local practices with the resources and expertise to improve patient health outcomes.
| Valuation | $2B |
| Headquarters | Nashville, Tennessee, United States |
| Year Founded | 2021 |
| Founders | Brad Smith |
| Funding Amount | $342M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Humana, Oak HC/FT, CVS Health, Optum Ventures, Frist Cressey Ventures |
Molbio Diagnostics created the Truenat platform, a point-of-care system for the rapid and low-cost diagnosis of infectious diseases. Their technology brings rapid molecular testing to remote and underserved areas, with a particular focus on detecting tuberculosis.
| Valuation | $2B |
| Headquarters | Verna, Goa, India |
| Year Founded | 2000 |
| Founders | Chandrasekhar Nair, Sriram Natarajan |
| Funding Amount | $117.5M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Motilal Oswal Private Equity, Temasek Holdings |
Elemy provides nationwide childhood mental and behavioral healthcare through a network of clinical professionals. They offer personalized in-home and virtual care plans for conditions like autism, ADHD, and anxiety.
| Valuation | $1.15B (Joined October 2021) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2019 |
| Founders | Michael Ragheb, Yury Yakubchyk |
| Funding Amount | $323M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series B |
| Top Investors | General Catalyst, Founders Fund, 8VC, Bling Capital, Headline |
Visby Medical develops instrument-free, single-use PCR tests for the rapid detection of infectious diseases. Their handheld diagnostic platform delivers accurate results in under 30 minutes.
| Valuation | $1.12B (Joined March 2022) |
| Headquarters | San Jose, California, United States |
| Year Founded | 2012 |
| Founders | Adam de la Zerda |
| Funding Amount | $435.8M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | CARB-X, Catalio Capital Management, Lightrock, Plug and Play, Pitango VC |
BillionToOne creates precision diagnostic tests that improve prenatal care and oncology treatment. Their unique molecular counting technology enhances disease detection through simple blood tests.
| Valuation | $1B |
| Headquarters | Menlo Park, California, United States |
| Year Founded | 2016 |
| Founders | David Tsao, Oguzhan Atay, Sukrit Silas |
| Funding Amount | $425.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Adams Street Partners, Norwest, HOF Capital, Y Combinator, 500 Global |
The Remaining 7 Health Diagnostics Unicorns
The ten most valuable companies offer just a glimpse into this growing field. Founders primarily in the United States and China have raised billions to push health diagnostics forward.
While their approaches and time in business vary, they all share a billion-dollar valuation. Here’s a look at the other key players shaping the future of health diagnostics.