Fabric - About the company
Fabric is a series A company based in New York City (United States), founded in 2021 by Aniq Rahman. It operates as a Developer of virtual care platforms and clinical symptom gathering software. Fabric has raised $80M in funding from General Catalyst, with a current valuation of $*****. The company has 107 active competitors, including 11 funded and 10 that have exited. Its top competitors include companies like Solace Health, GNDI and Avado.
Company Details
Developer of virtual care platforms and clinical symptom gathering software. This technology facilitates patient intake, triage, and routing through automated decision trees and conversational interfaces. The system integrates with existing electronic medical records to manage clinical protocols and support asynchronous or synchronous care delivery. It provides tools for patient engagement, outreach, and marketing while enabling access to a network of virtual providers. The platform automates administrative tasks and clinical documentation to streamline workflows for healthcare organizations.
- Website
- www.fabrichealth.com/
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Series A
Total Funding
$80M in 2 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 22, 2023
Investors
Ranked
3rd among 107 active competitors
Employee Count
302 as on Jul 31, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Fabric
Fabric is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
FABRIC LABS, INC CIN: 04555890 , United States, Active | Jan 12, 2021 | - | - | - |
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Fabric's funding and investors
Fabric has raised a total funding of $80M over 2 rounds. Its first funding round was on Mar 30, 2023. Its latest funding round was a Series A round on Feb 21, 2024 for $*****. 7 investors participated in its latest round. Fabric has 7 institutional investors.
Here is the list of recent funding rounds of Fabric:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 21, 2024 | 1882120 | Series A | 4581271 | 2019075 | 6622454 | 2431279 |
Mar 30, 2023 | 3452020 | Seed | 2025596 | 2850981 | 9571715 |
View details of Fabric's funding rounds and investors
Fabric's founders and board of directors
Founder? Claim ProfileThe founders of Fabric is Aniq Rahman. Aniq Rahman is the CEO of Fabric.
Here are the details of Fabric's key team members:
- Aniq Rahman: Founder & CEO of Fabric. Contact Info: 1 email address
View details of Fabric's Founder profiles and Board Members
Fabric's employee count trend
Fabric has 302 employees as of Jul 26. Here is Fabric's employee count trend over the years:
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Fabric's Competitors and alternates
Top competitors of Fabric include Solace Health, GNDI and Avado. Here is the list of Top 10 competitors of Fabric, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Solace Health 2022, Redwood City (United States), Series C | Provider of patient centered healthcare platform | $204M | 63/100 | |
2nd | Chains providing medical, dental, and diagnostic healthcare services | - | 57/100 | ||
3rd | Fabric 2021, New York City (United States), Series A | Developer of virtual care platforms and clinical symptom gathering software | $80M | 56/100 | |
4th | Avado 2010, Seattle (United States), Acquired | Cloud-based patient relationship management | $1M | 47/100 | |
5th | InteliChart 2006, Charlotte (United States), Funding Raised | Patient engagement platform improving healthcare outcomes through connected, unified solutions | - | 46/100 | |
6th | Provider of app for sharing reports | - | - | 43/100 | |
7th | ezAccess 2018, Memphis (United States), Unfunded | Software provider for patient portal | - | - | 42/100 |
8th | Medfusion 1996, Cary (United States), Acquired | Cloud-based patient portal solutions for providers | $4.5M | 39/100 | |
9th | Patient Access 1997, Yeadon (United Kingdom), Unfunded | Provider of online platform for managing GP appointments and prescriptions | - | - | 38/100 |
10th | FollowMyHealth 2010, Atlanta (United States), Deadpooled | A compliant patient engagement solution that blends an electronic health record (EHR) system, a patient portal and a health information exchange (HIE). | - | - | 36/100 |
Looking for more details on Fabric's competitors? Click here to see the top ones
Fabric's Investments and acquisitions
Fabric has not made any investments yet. Fabric has made 4 acquisitions.Here is the list of latest three $acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 11, 2025 | Acquisition | 2020 | Troy (United States) | |
Jun 28, 2024 | Acquisition | 2010 | - | |
Feb 01, 2024 | Acquisition | 2016 | San Francisco (United States) |
See all acquisitions by Fabric
Reports related to Fabric
Here is the latest report on Fabric's sector:
News related to Fabric
Media has covered Fabric for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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Walmart exploring possible sale of healthcare centersSeeking Alpha•Jul 02, 2024•Walmart, Humana, Recoupinvestments, MeMD and 1 other
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Health tech startup Fabric acquires Walmart’s telehealth businessInsuranceNewsNet•Jul 02, 2024•Fabric, Walmart
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Walmart Exits Virtual Health Market with Sale of MeMD to FabricHIT Consultant•Jun 28, 2024•Walmart, MeMD, Fabric, Walmart Health Virtual Care
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