StuffThatWorks

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 platform in the U.S. market.

Business overview

StuffThatWorks is a Health Tech & Life Sciences company that develops a platform for treatment optimization. It utilizes crowdsourcing tools and machine-learning algorithms to help patient communities identify effective treatments. The platform enables patients to share experiences through organized surveys, with a statistics engine analyzing data to generate general and personalized insights. These insights are then shared with the community, which also contributes to the ongoing research roadmap. The company operates in the Digital Healthcare sector, focusing on patient engagement, and serves the United States market.

Strategic signal

In May 2023, StuffThatWorks underwent a significant operational restructuring, reducing its workforce by 70% within a year. This indicates a strategic recalibration of the company's course, suggesting a pivot or a substantial adjustment to its business model or market approach. For investors, this signals a company adapting to market conditions or internal challenges, potentially streamlining operations for future growth or sustainability.

Company Intelligence Q&A

What is the core technology behind StuffThatWorks' platform?

StuffThatWorks leverages smart machine-learning algorithms and data analytics to process crowdsourced patient experiences, turning them into actionable insights for treatment optimization.

When did StuffThatWorks launch its platform in the U.S. market?

StuffThatWorks launched its medical data crowdsourcing platform in the U.S. in July 2020.

Which investors participated in StuffThatWorks' funding round?

StuffThatWorks secured funding from investors including Bold Capital Partners and 10D.

What was a significant operational change at StuffThatWorks in 2023?

In May 2023, StuffThatWorks underwent a significant workforce reduction, with 70% of its employees being let go within a year, indicating a strategic recalculation of its operational course.

What problem does StuffThatWorks aim to solve for patients?

StuffThatWorks aims to help patients dealing with various conditions discover which treatments are most effective by crowdsourcing and analyzing shared experiences within patient communities.