Company Overview
Snapshot
Founded in May 2018 by Yael Elish, Ron Held, and Yossi Synett, StuffThatWorks operates with 11–50 employees. The company has raised $9 million across one funding round from four investors. In July 2020, StuffThatWorks launched its medical data crowdsourcing platform in the U.S. market.
Business overview
StuffThatWorks provides a platform that helps patient communities identify effective treatments through crowdsourcing and machine-learning algorithms. The company's core technology involves a statistics engine that analyzes patient-shared data from organized surveys, transforming it into general and personalized insights. These insights are then shared with the community, which helps direct the ongoing research roadmap. StuffThatWorks operates in the Health Tech & Life Sciences sector, specifically focusing on Digital Healthcare and Patient Engagement, serving patients in the United States.
Strategic signal
In May 2023, StuffThatWorks underwent a significant restructuring, resulting in the termination of 70% of its employees within a year. This indicates a recalculation of the company's strategic course, signaling to investors a potential pivot or a need to optimize operations and resource allocation to achieve sustainable growth.
Log in to access full profile ›Company Intelligence Q&A
- When was StuffThatWorks founded and by whom?
- StuffThatWorks was founded in May 2018 by co-founders Yael Elish, Ron Held, and Yossi Synett.
- What was a significant operational change for StuffThatWorks in 2023?
- In May 2023, StuffThatWorks underwent a substantial operational change, reducing its workforce by 70% within a year, indicating a strategic recalculation of its business direction.
- When did StuffThatWorks launch its platform in the U.S.?
- StuffThatWorks launched its medical data crowdsourcing platform in the U.S. in July 2020.
- How much capital has StuffThatWorks raised?
- StuffThatWorks has raised a total of $9 million across one funding round. This Seed round was announced in July 2020 and included investors such as Bold Capital Partners and 10D.