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- Sirona Medical
Sirona Medical Revenue, Valuation, Funding & Investors
Sirona Medical is valued at $110M as of August 2020, a 7.3x multiple on its last reported $15M revenue.
Last Sirona Medical valuation
$110M
Series A · Aug 2020
Last Sirona Medical funding round
$42M
Series C · Nov 2024
Sirona Medical revenue
$15M
Series A · Aug 2020
Key investors in Sirona Medical
8VC
Global Founders Capital
GreatPoint Ventures
Xfund
Avidity Partners
Rose Park Advisors
About Sirona Medical
Sirona Medical is a San Francisco-headquartered provider of cloud-native radiology software. Its platform consolidates worklists, image viewers, reporting tools, archives, and AI integrations into a unified workspace for radiologists. Designed for high-volume reading environments, Sirona supports PACS, RIS, and voice recognition features across web and mobile. The company serves imaging centers and hospitals in the United States, focusing on workflow efficiency and remote diagnostics. Sirona Medical integrates with major EMR systems like Epic and Cerner to streamline enterprise radiology operations.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$15M (Aug 2020)
Valuation
$110M (Aug 2020)
Sirona Medical Valuation
Sirona Medical is currently valued at $110M, based on its Series A in August 2020.
The $9M round was led by 8VC, with participation from Kenan Turnacioglu, Jonathan Bush, Global Founders Capital, Xfund and Arthur Patterson.
Sirona Medical valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2020 | Series A | $110M | 7.3x |
Sirona Medical Revenue
Sirona Medical's latest recorded revenue is $15M, as of its Series A in August 2020. At a $110M valuation, that implies a 7.3x revenue multiple.
Sirona Medical revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2020 | $15M | $110M | 7.3x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Sirona Medical Funding History
Sirona Medical has raised a total of $105M across 4 funding rounds.
Sirona Medical's first fundraising round was a $14M Series A in February 2020. The most recent completed round was a $42M Series C in November 2024.
Sirona Medical funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Series C | Avidity Partners (lead); GreatPoint Ventures; 8VC | $42M | - | Sirona Medical is a San Francisco-based company developing cloud-native radiology workflow software, including its Unify platform and RadOS, which integrates worklist, viewer, reporter, PACS archive, and AI tools to streamline radiologists' workflows, enhance efficiency, and enable faster diagnostic imaging interpretation. Founded in 2018 by Cameron Andrews, the company addresses longstanding inefficiencies in radiology IT systems, positioning itself as a pioneer in unifying radiology applications on a single AI-powered platform with strong security and seamless deployment. On November 26, 2024, Sirona Medical announced $42 million in Series C financing, inclusive of equity and converted debt, led by Avidity Partners with participation from existing investors 8VC and GreatPoint Ventures. This follows a prior Series B round and brings total funding to over $104 million. The capital will fund evolution of the Unify platform, particularly workflow efficiency and AI-powered reporting, customer service, support, and commercial expansion amid strong growth post-commercial launch. The round coincides with a leadership transition, appointing Hooman Hakami as CEO; he brings experience from GE Healthcare and Medtronic, while founder Cameron Andrews transitions to President. Investors highlight Sirona's commercial validation and unique cloud-native differentiation in radiology IT, expressing confidence in its long-term growth potential in the healthcare software market. |
| Nov 2021 | Series B | GreatPoint Ventures (lead); Avidity Partners; Rose Park Advisors; 8VC; Global Founders Capital; Xfund | $40M | - | Sirona Medical is a San Francisco-based software company providing a cloud-native radiology operating system that integrates worklist, viewer, reporter, and PACS archive to unify radiologists' workflows and enable AI integration, founded in 2018 on deep expertise in radiology practice and business. The company announced $40 million in Series B financing on November 9-10, 2021, led by GreatPoint Ventures with participation from Rose Park Advisors, Avidity Partners, and prior investors including 8VC and Global Founders Capital, bringing total capital raised to over $60 million. Funds were allocated to accelerate product development, customer onboarding, sales initiatives, and commercialization of its platform to disrupt legacy radiology IT systems like those from Nuance. GreatPoint Ventures' Andrew Perlman highlighted Sirona's approach to using AI to amplify radiologists' intelligence rather than replace it, addressing past failures in radiology AI adoption. Rose Park Advisors' Chris Calder, from the firm co-founded by Clayton Christensen, noted the radiology IT market's readiness for disruption due to outdated architecture hindering innovation, positioning Sirona's unified platform to unlock new value and reshape competition. The round supported Sirona's goal of enabling radiologists to work as fast as they think by overcoming fragmented legacy systems. Subsequent developments included a $42 million Series C in early 2025 led by Avidity Partners with 8VC and GreatPoint Ventures, funding platform enhancements like AI report generation, customer success, and expansion, alongside appointing Hooman Hakami as CEO while founder Cameron Andrews transitioned to President. Sirona also acquired AI firm Nines' assets in 2022. |
| Aug 2020 | Series A | 8VC (lead); Kenan Turnacioglu; Jonathan Bush; Global Founders Capital; Xfund; Arthur Patterson | $9M | $110M | - |
| Feb 2020 | Series A | - | $14M | - | - |
Who has invested in Sirona Medical?
9 investors have backed Sirona Medical across its funding rounds, including 8VC, Global Founders Capital, GreatPoint Ventures, Xfund, Avidity Partners and Rose Park Advisors.
Lead investors include Avidity Partners, GreatPoint Ventures and 8VC.
Sirona Medical Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Aug 2020 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Lead | Nov 2021 | ||
| 2 | Participant | Aug 2020 | ||
| 2 | Participant | Aug 2020 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Participant | Aug 2020 | ||
This data is available for Pro users. Sign up to see all 9 Sirona Medical investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Sirona Medical
Sirona Medical has acquired 1 company to date.
Last acquisition by Sirona Medical was on February 18th 2022. Sirona Medical acquired Nines for undisclosed valuation.
Latest Acquisitions by Sirona Medical
| Description | Nines is a Radnor-headquartered teleradiology network connecting 500 U.S. hospitals to subspecialist radiologists. In-house tools process 2 million studies annually using AI for triage on chest X-rays and CT scans. Platform achieves 95-second report turnaround for emergencies. Partners with Epic for seamless EMR integration. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 18 Feb 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Sirona Medical acquisitions and their M&A valuation multiples. Start Free Trial | |
Sirona Medical Competitors
Sirona Medical competitors include listed companies like Airdoc and Ever Fortune.AI, and private ones like Anterior, DoctorNow, Maxima AI and Stargo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $95M | - | ||
| Private | - | - | $134M | - | ||
| Private | - | - | $143M | - | ||
| Publicly listed | $26M | ($3M) | $127M | 1.5x | ||
| Publicly listed | $12M | $4M | $158M | - | ||
| Private | - | - | $112M | - |
Sirona Medical Public Comps
Sirona Medical is still privately-owned, but its public comps include Veritone, Definitive Healthcare, Oneview Healthcare, Alcidion Group, Pluszero, Aeternal Mentis, Omda, CareCloud, Heroz and Airdoc.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $92M | ($74M) | 1.6x | 1.4x | (2.0x) | (5.1x) | |||
| $242M | ($149M) | 0.5x | 0.6x | (0.9x) | 2.0x | |||
| $14M | ($12M) | 7.1x | 7.1x | (8.2x) | (11.3x) | |||
| $30M | $4M | 2.8x | 2.2x | 18.5x | 16.6x | |||
| $10M | $4M | 8.8x | 7.4x | 23.5x | - | |||
| $278K | ($346K) | 454.4x | - | (365.1x) | - | |||
| $53M | $15M | 2.7x | 2.7x | 9.8x | 10.1x | |||
| $120M | $28M | 1.1x | 1.1x | 4.8x | 5.0x | |||
This data is available for Pro users. Sign up to see all Sirona Medical competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sirona Medical
| When was Sirona Medical founded? | Sirona Medical was founded in 2018. |
| Where is Sirona Medical headquartered? | Sirona Medical is headquartered in San Francisco, CA, United States. |
| Is Sirona Medical publicly listed? | No, Sirona Medical is a private, VC-backed company. |
| What is Sirona Medical's valuation? | Sirona Medical was last valued at $110M in its Series A in August 2020. |
| How much funding has Sirona Medical raised? | Sirona Medical has raised $105M across 4 funding rounds. |
| What was Sirona Medical's last funding round? | Sirona Medical's last funding round was a $42M Series C in November 2024, led by Avidity Partners. |
| Who are Sirona Medical's investors? | Sirona Medical's investors include 8VC, GreatPoint Ventures, Avidity Partners, Global Founders Capital, Xfund, Rose Park Advisors, Kenan Turnacioglu, Jonathan Bush and Arthur Patterson. |
| What is Sirona Medical's revenue? | Sirona Medical's latest recorded revenue is $15M (August 2020). |
| What is Sirona Medical's revenue multiple? | Sirona Medical's latest valuation implies a 7.3x revenue multiple ($110M valuation on $15M of revenue). |
| Which companies are comparable to Sirona Medical? | Companies comparable to Sirona Medical include Anterior, DoctorNow, Maxima AI, Airdoc, Ever Fortune.AI and Stargo. |
| How many companies has Sirona Medical acquired? | Sirona Medical has acquired 1 company, including Nines. |
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