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Vecna Technologies
Vecna | Better Technology, Better World.
About Vecna Technologies
Founded in 1998 by MIT alumni Deborah and Daniel Theobald, Vecna Technologies originated as a healthcare information technology company. Deborah Theobald's background in aerospace engineering and space robotics, combined with a desire to improve healthcare, drove the company's initial focus. The company's name is derived from the Czech word for 'eternal'. Initially, the firm provided consulting and systems integration for the U.S. Military Health System and the Department of Veterans Affairs. Over the years, the company expanded, gaining recognition as one of the Top 100 Women-Led Businesses in Massachusetts and receiving the Tibbetts Award from the Small Business Administration for innovation.
Vecna Technologies operates in the healthcare IT market, serving hospitals, health systems, and other healthcare providers. The company generates revenue through its suite of software and hardware solutions designed to streamline patient intake and improve clinical workflows. A significant part of its business model revolves around patient self-service solutions. This includes the Patient Information Exchange platform, which allows patients to manage pre-registration, check-in for appointments, verify insurance, and make payments via kiosks, personal computers, or mobile devices. During the COVID-19 pandemic, the company adapted its platform to offer text-based check-in services and virtual waiting rooms to minimize physical contact.
The company's product portfolio is diverse. The Patient Information Exchange is a central offering, automating the patient intake process from pre-registration to payment. Another key product is the VGo, a telepresence robot acquired through the purchase of VGo Communications in 2015. The VGo enables remote presence for various applications, including virtual patient consultations, remote monitoring to reduce infection risk for staff, and virtual concierge services for patient intake. Beyond healthcare, the VGo is utilized in education for homebound students and in business for remote collaboration. Vecna Technologies also developed QC PathFinder, an electronic surveillance software for tracking hospital-acquired infections. The company has a charitable arm, Vecna Cares, which deploys its technology in low-resource settings, such as using the VGo and patient management software during the Ebola outbreak in West Africa.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Aug 2018 | $14M | $54M | Undisclosed | — |
Growth signals
Latest recorded traffic for Vecna Technologies is 2.4K monthly website visits, down 4% over the last three months. Vecna Technologies's team declined 1.4% over the past year.
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Other known investors1 additional known investor
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