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MedTech Outlook | Friday, August 21, 2020
Rimsys has secured its fund that will support the development of its sales, product offering, and marketing.
FREMONT, CA: Rimsys, a medical software startup, has raised $1.5 million,which the company aims to use to support itselfthrough the planned expansions of its product offering, sales, and marketing implementation.
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Rimsys intends to integrate its software with manufacturers’ current quality management systems, product lifecycle management systems, and sales and distribution software systems. Presently, the consumers of the organization consist of companies like Johnson & Johnson and Terumo.
According to James Gianoutsos, the founder and president of Rimsys, the complicated regulatory challenges develop obstacles that can delay the product time-to-market, decrease revenue growth, and increase exposure to compliance hazards even for the most qualified medtech organizations.
Regulatory teams require digital solutions, which will offer them more efficient and compliant methods for commercializing products worldwide. Rimsys provides the only all-inclusive regulatory information management platform, built upon decades of medtech experience, that combines all the essential roles of the regulatory affairs. Therefore, it makes the global product registrations, standards management, essential principles/GSPR management, and regulatory intelligence easy.
John McIlwraith, the Managing Director at Allos Ventures, mentioned the intricacy of global guidelines that cover medical technology is increasing and becoming more complicated. It also often results in dead ends and develops a setback that can immensely impact the commercialization of the products.
However, the financing round will help organizations speed up their momentum with the assistance of large enterprise consumers.
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