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Rhapsody - About the company

Rhapsody is an acquired company based in Boston (United States), founded in 2018. It operates as an Interoperability solutions accelerating digital health through seamless data exchange and stronger connections. Rhapsody has raised $13.2M in funding. The company has 122 active competitors, including 12 funded and 8 that have exited. Its top competitors include companies like Dedalus, Health Gorilla and CalmWave.

Company Details

Interoperability solutions accelerating digital health through seamless data exchange and stronger connections. The company is a digital health enablement platform specializing in healthcare integration, identity management, and clinical terminology. It empowers care providers, health tech builders, and public health teams to accelerate the adoption of digital health innovation. The company offers API-enabled solutions that are composable and flexible, deployable in various cloud environments or as an iPaaS. Its products include integration engines, automated integrations, and semantic terminology management tools. Services encompass professional support and education. The company focuses on solving problems related to API, FHIR, and HL7 integration, interoperability, cloud migration, EHR integration, and scalable growth. It provides resources like best practices, guides, blogs, and product information. The company aims to simplify integration tasks, automate routine workflows, and reduce the integration burden, enabling clients to grow their businesses and recognize value more quickly.
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Key Metrics
Founded Year
2018
Location
Boston, United States
Stage
Acquired
Total Funding
$13.2M in 2 rounds
Latest Funding Round
Ranked
Employee Count
390 as on Jul 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Hg (Oct 31, 2018)

Rhapsody's acquisition details

Rhapsody got acquired by Hg on Oct 31, 2018.
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Rhapsody's funding and investors

Rhapsody has raised a total funding of $13.2M over 2 rounds. Its first funding round was on Jan 21, 2022. Rhapsody has 2 institutional investors.

Here is the list of recent funding rounds of Rhapsody:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 29, 2023
3639875
Series A
6147390
5478831
7332789
5766380
Jan 21, 2022
4305730
Seed
1266541
2291725
8721770
1781127
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Rhapsody's founders and board of directors

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Rhapsody's employee count trend

Rhapsody has 390 employees as of Jul 26. Here is Rhapsody's employee count trend over the years:
Employee count trend for Rhapsody
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Rhapsody's Competitors and alternates

Top competitors of Rhapsody include Dedalus, Health Gorilla and CalmWave. Here is the list of Top 10 competitors of Rhapsody, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Dedalus
Dedalus
1982, Milano (Italy), Acquired
Provider of advanced software solutions that enhance healthcare interoperability
$26.9M
64/100
2nd
Logo for Health Gorilla
Health Gorilla
2014, Coral Gables (United States), Series C
Provider of healthcare information network platform to access patient data
$80M
58/100
3rd
Logo for Rhapsody
Rhapsody
2018, Boston (United States), Acquired
Interoperability solutions accelerating digital health through seamless data exchange and stronger connections
$13.2M
57/100
4th
Logo for CalmWave
CalmWave
2022, Seattle (United States), Seed
Provider of AI-based platform to remediate alarms and improve staff retention
$13.6M
53/100
5th
Logo for Onyx
Onyx
2020, Elkridge (United States), Unfunded
Provider of AI-based interoperability software for health data management
-
-
44/100
6th
Logo for MedPiper
MedPiper
2020, Bengaluru (India), Seed
Offers streamlined health check programs, precision health data, and digital workflows to enhance patient outcomes.
$250K
43/100
7th
Logo for RxDataScience
RxDataScience
2015, Morrisville (United States), Acquired
AI based data science software solutions for pharmaceutical & healthcare companies
-
-
40/100
8th
Logo for Enovacom
Enovacom
2002, Marseille (France), Acquired
Interoperability solutions for secure sharing of data among providers
-
39/100
9th
Logo for L2S2
L2S2
2006, Cambridge (United Kingdom), Unfunded
Provider of AI-based clinical interoperability platform
-
-
37/100
10th
Logo for Cambridge Soft
Cambridge Soft
1986, Cambridge (United States), Acquired
Discovery, collaboration, and knowledge enterprise solutions
$57.4M
36/100
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Rhapsody's Investments and acquisitions

Rhapsody has acquired 2 companies including CareCom and NextGate. Rhapsody has not made any investments as of now.

Reports related to Rhapsody

Here is the latest report on Rhapsody's sector:

News related to Rhapsody

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Media has covered Rhapsody for a total of 4 events in the last 1 year, 3 of them have been about company updates and 1 about partnerships.
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