COMPANY PROFILE

Phytel

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Prescription, lab and clinical data for health and disease management

Farmers Branch, United StatesFounded 1996Health Tech & Medtech

Valuation $50–100M Last recorded · 2010

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Phytel

Phytel, a subsidiary of IBM, specializes in AI-driven healthcare solutions aimed at improving patient engagement, care coordination, and population health management. Operating in the healthcare technology market, Phytel serves healthcare providers, including hospitals and clinics, by offering tools that automate and streamline patient care processes. The business model focuses on subscription-based services, where clients pay for access to Phytel's suite of software solutions. Revenue is generated through these subscriptions and additional services such as training and support. Phytel leverages IBM's cloud infrastructure to ensure high availability and scalability of its services, making it a reliable partner for healthcare organizations looking to enhance their operational efficiency and patient outcomes.

MoreLess Source: Dealroom company data

At a glance

Status: Acquired
Founded: 1996
Headquarters: Farmers Branch, United States
Employees: 9
Open positions: None listed
Dealroom signal: 60.5/100
Industry: Health
Sub-industry: Health Platform
Sector: Health Tech & Medtech, Hard Tech
Client focus: b2b
Links: Website LinkedIn X

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Funding history

4 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITION✓Exit	May 2015	$0	—	IBM	—
DEBT✓Debt	Aug 2013	$5M	—	Undisclosed	—

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Growth signals

Phytel website traffic

Latest recorded traffic for Phytel is 280 monthly website visits, up 100% over the last three months. Phytel's team declined 65.4% over the past year.

Latest monthly visits280 3-month web change+100% 1-year team growth-65.4%

Monthly website visitsOct 2017–Mar 2025

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