- Companies
- OM1
Last OM1 valuation
$836M
Series D · Jul 2021
Last OM1 funding round
$85M
Series D · Jul 2021
Cumulative funding OM1 raised
$171M
across 4 funding rounds
Key investors in OM1
General Catalyst
7wire Ventures
Polaris Partners
Scale Venture Partners
Glikvest
Breyer Capital
About OM1
OM1 is a Boston-based digital health platform that aggregates real-world data to measure patient outcomes in chronic diseases. The company analyzes longitudinal patient journeys from electronic health records, claims, and lab results covering over 300 million lives. OM1 partners with health systems, payers, and life sciences firms including AstraZeneca and Pfizer to generate evidence for value-based care. Its Real World Evidence as a Service model supports clinical trials, HEOR studies, and population health analytics. Founded in 2019, OM1 operates a cloud-based platform processing petabytes of de-identified data compliant with HIPAA and GDPR.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$836M (Jul 2021)
OM1 Valuation
OM1 is currently valued at $836M, based on its Series D in July 2021.
The $85M round was led by Breyer Capital, D1 Capital Partners and Kaiser Permanente, with participation from General Catalyst, Scale Venture Partners, Polaris Partners, Glikvest and 7wire Ventures.
OM1 valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Series D | $836M |
OM1 Funding History
OM1 has raised a total of $171M across 4 funding rounds.
OM1's first fundraising round was a $15M Series A in April 2017. The most recent completed round was a $85M Series D in July 2021.
OM1 funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series D | Breyer Capital (lead); D1 Capital Partners (lead); Kaiser Permanente (lead); General Catalyst; Scale Venture Partners; Polaris Partners; Glikvest; 7wire Ventures | $85M | $836M | OM1 is a Boston-based health technology company founded in 2015 by the leadership team of Outcome Sciences, focusing on real-world data, outcomes, and AI for chronic conditions. It provides chronic disease registries, a real-world data cloud, clinical registries, and AI models to generate real-world evidence, accelerate research, benchmark health outcomes, and enable personalized medicine, particularly for autoimmune and other chronic diseases representing over $1.6 trillion in U.S. healthcare costs. On July 16, 2021, OM1 closed an $85 million Series D financing round led by D1 Capital Partners, Kaiser Permanente, and Breyer Capital, with participation from General Catalyst, Polaris Partners, Scale Venture Partners, 7wire Ventures, and Glikvest. This brought total funding to $171 million over six years. The proceeds are designated to expand its real-world data cloud, clinical registries, and AI platform to enhance research and precise treatments. The round aligns with strong investor interest in real-world data startups, as evidenced by peers like HealthVerity raising $100 million in Series D and Komodo Health securing $220 million. OM1 positions itself at the forefront of applying real-world data and AI to improve patient outcomes, supported by endorsements from investors like Daniel Sundheim of D1 Capital Partners. Post-money valuation stood at $836.02 million according to Forge Global data for the July 2021 Series D. |
| Dec 2019 | Series C | Scale Venture Partners (lead); General Catalyst; Polaris Partners; 7wire Ventures | $50M | - | OM1, an AI startup focused on real-world data applications in healthcare, raised $50 million in a Series C funding round led by Scale Venture Partners in 2019. The investors included 7wire Ventures, General Catalyst, and Polaris Partners. The round occurred around December 2019, amid growing VC activity in Massachusetts. OM1 was noted for addressing limited focus on real-world data utilization prior to this funding. Subsequent developments include an $85 million raise in 2021. |
| May 2018 | Series B | Polaris Partners (lead); General Catalyst; 7wire Ventures | $21M | - | OM1 is a health outcomes and technology company focused on making healthcare more measured, precise, and pre-emptive through real-world data and outcomes measurement, particularly for chronic conditions. Founded in 2015 by Dr. Richard Gliklich, who previously founded Outcome Sciences (acquired by Quintiles in 2011), OM1 provides platforms for real-world evidence and value-based care. On May 22, 2018, OM1 closed a $21 million Series B financing round led by Polaris Partners, with participation from existing investors General Catalyst and 7wire Ventures. Dave Barrett, Managing Partner at Polaris Partners, joined the OM1 Board of Directors. The funding aimed to accelerate technologies making clinical outcomes data actionable for healthcare and life sciences organizations, and expand product offerings. OM1's work emphasizes outcomes standardization, with Gliklich serving as principal investigator for a major federal outcomes measurement effort. The company positions itself at the intersection of advanced technologies, data science, and healthcare to improve decision-making. This Series B followed OM1's founding and built on its real-world research heritage. Subsequent financings included an $85 million round in July 2021 led by D1 Capital Partners, Kaiser Permanente, and Breyer Capital, with participation from General Catalyst, Polaris Partners, Scale Venture Partners, 7wire Ventures, and Glikvest, indicating continued investor confidence in OM1's real-world data and AI applications for patient outcomes. |
| Apr 2017 | Series A | General Catalyst (lead); Glikvest; 7wire Ventures; Wanxiang America Healthcare Investments Group | $15M | - | OM1, a healthcare technology company focused on outcomes measurement and predictive analytics for value-based and personalized healthcare, raised $15 million in a Series A funding round on April 6, 2017. The round was led by General Catalyst with participation from 7wire Ventures, Glikvest, and Wanxiang Healthcare Investments. Founded in 2015 by Dr. Richard Gliklich, previously of Outcome Sciences acquired by Quintiles in 2011, OM1 emerged from stealth mode with this financing. |
Who has invested in OM1?
9 investors have backed OM1 across its funding rounds, including General Catalyst, 7wire Ventures, Polaris Partners, Scale Venture Partners, Glikvest and Breyer Capital.
Lead investors include Breyer Capital, D1 Capital Partners, Kaiser Permanente, Scale Venture Partners, Polaris Partners and 1 other investor.
OM1 Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Apr 2017 | ||
| 4 | Participant | Apr 2017 | ||
| 3 | Lead | May 2018 | ||
| 2 | Lead | Dec 2019 | ||
| 2 | Participant | Apr 2017 | ||
| 1 | Lead | Jul 2021 | ||
| 1 | Lead | Jul 2021 | ||
This data is available for Pro users. Sign up to see all 9 OM1 investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialOM1 Competitors
OM1 competitors include listed companies like SOPHiA Genetics and Certara, and private ones like H1.co, MedGenome, HealthVerity and Thrive Global.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $773M | - | ||
| Private | - | - | $950M | - | ||
| Publicly listed | $77M | ($65M) | $726M | 7.5x | ||
| Private | - | - | $721M | - | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $419M | $103M | $1.3B | 3.6x |
OM1 Public Comps
OM1 is still privately-owned, but its public comps include SOPHiA Genetics, Veradigm, Bayzed Health Group, Omada Health, Yidu Tech, TaiDoc Technology, Evolent Health, Cogstate, Certara and Echo IQ.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77M | ($65M) | 8.8x | 7.5x | (10.4x) | (18.8x) | |||
| $588M | $54M | 0.9x | 0.9x | 9.8x | 6.8x | |||
| $167M | $18M | 3.0x | - | 28.4x | - | |||
| $260M | ($10M) | 3.8x | 3.1x | (98.6x) | 48.5x | |||
| $122M | ($4M) | 1.4x | 1.2x | (45.0x) | 7.7x | |||
| $132M | $58M | 2.1x | - | 4.8x | - | |||
| $1.9B | ($365M) | 0.7x | 0.5x | (3.5x) | 9.4x | |||
| $58M | $18M | 6.3x | 5.7x | 20.0x | 18.9x | |||
This data is available for Pro users. Sign up to see all OM1 competitors and their valuation data. Start Free Trial | ||||||||
Common questions about OM1
| When was OM1 founded? | OM1 was founded in 2015. |
| Where is OM1 headquartered? | OM1 is headquartered in Boston, MA, United States. |
| Is OM1 publicly listed? | No, OM1 is a private, VC-backed company. |
| What is OM1's valuation? | OM1 was last valued at $836M in its Series D in July 2021. |
| How much funding has OM1 raised? | OM1 has raised $171M across 4 funding rounds. |
| What was OM1's last funding round? | OM1's last funding round was a $85M Series D in July 2021, led by Breyer Capital, D1 Capital Partners and Kaiser Permanente. |
| Who are OM1's investors? | OM1's investors include General Catalyst, 7wire Ventures, Polaris Partners, Scale Venture Partners, Glikvest, Breyer Capital, Kaiser Permanente, D1 Capital Partners and Wanxiang America Healthcare Investments Group. |
| Which companies are comparable to OM1? | Companies comparable to OM1 include H1.co, MedGenome, SOPHiA Genetics, HealthVerity, Thrive Global and Certara. |
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