Noom
Founded Year
2008Stage
Series F | AliveTotal Raised
$627.8MValuation
$0000Last Raised
$540M | 3 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+33 points in the past 30 days
About Noom
Noom offers behavior change courses and a virtual diabetes prevention program that leverages artificial intelligence, mobile technology, and psychology, supported by personal coaching to help individuals improve their health. Noom's platform is utilized by healthcare and pharmaceutical companies to enhance patient treatment outcomes. Noom was formerly known as WorkSmart Labs. It was founded in 2008 and is based in New York, New York.
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ESPs containing Noom
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The nutrition coaching platforms market provides personalized nutrition coaching services to individuals through digital platforms. These platforms use various technologies, such as artificial intelligence and machine learning, to collect data on individuals' nutrition habits and preferences and develop customized meal plans and coaching programs. The use of nutrition coaching platforms has shown …
Noom named as Leader among 12 other companies, including MyFitnessPal, Virta Health, and WeightWatchers.
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Research containing Noom
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Noom in 4 CB Insights research briefs, most recently on Mar 1, 2022.
Expert Collections containing Noom
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Noom is included in 7 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
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Wellness Tech
1,370 items
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Digital Health 50
150 items
The most promising digital health startups transforming the healthcare industry
Digital Health
11,109 items
The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.
Telehealth
3,106 items
Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.
Precision Medicine Tech Market Map
160 items
This CB Insights Tech Market Map highlights 160 precision medicine companies that are addressing 9 distinct technology priorities that pharmaceutical companies and healthcare providers face.
Noom Patents
Noom has filed 6 patents.
The 3 most popular patent topics include:
- collaboration
- free groupware
- groupware
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
5/10/2018 | 3/8/2022 | Groupware, NoSQL, Smartwatches, Free database management systems, Free groupware | Grant |
Application Date | 5/10/2018 |
|---|---|
Grant Date | 3/8/2022 |
Title | |
Related Topics | Groupware, NoSQL, Smartwatches, Free database management systems, Free groupware |
Status | Grant |
Latest Noom News
Oct 30, 2024
Wednesday, October 30th, 2024 Telehealth companies selling low-cost, compounded versions of popular weight-loss drugs, including Ozempic and Wegovy, are drawing increased interest from employers, Bloomberg reported Oct. 29. Employers are seeing rising employee demand for weight-loss drug coverage. However, the high costs of GLP1s has proven challenging. About 14% of employers covering the drugs are considering dropping coverage due to expense, while 70% of businesses that don't cover the drugs cited price as the main obstacle, according to a survey from the consulting firm Willis Towers Watson. At least six health systems, including Rochester, Minn.-based Mayo Clinic and West Orange, N.J.-based RWJBarnabas Health, have limited or ended weight-loss drug coverage this year. However, telehealth companies such as Noom, Hims and Sesame have reported heightened interest from employers about compounded versions of the weight-loss drugs. Noom has offered branded GLP-1s since May 2023, but significant employer interest only emerged once it introduced a copycat version of Wegovy for $149 per month. "The announcement seemed to bring folks out of the woodwork," Noom CEO Geoff Cook told Bloomberg. "They were clearly already investigating if this could be a solution for their employees." Sesame President and Co-Founder Michael Botta, PhD, said at least one large health system has expressed interest in a potential partnership for fully-insured employees whose plans don't cover brand-name weight-loss drugs. For employers, such partnerships provide a sought-after benefit for employee retention. However, the future of compounded drug access is unclear, as the FDA has authorized these compounds temporarily due to drug shortages. Brand-name drugmakers Novo Nordisk and Eli Lilly have flagged concerns about the quality of compounded drugs, though telehealth companies defend their safety and efficacy. Ready the full article here .
Noom Frequently Asked Questions (FAQ)
When was Noom founded?
Noom was founded in 2008.
Where is Noom's headquarters?
Noom's headquarters is located at 450 West 33rd. Street, New York.
What is Noom's latest funding round?
Noom's latest funding round is Series F.
How much did Noom raise?
Noom raised a total of $627.8M.
Who are the investors of Noom?
Investors of Noom include Samsung Ventures, RRE Ventures, Sequoia Capital, Temasek, Oak HC/FT Partners and 27 more.
Who are Noom's competitors?
Competitors of Noom include Added Health, HabitNu, Wellory, Calibrate, Intellihealth and 7 more.
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Compare Noom to Competitors
MyFitnessPal is a digital health and fitness company that specializes in nutrition tracking. The company offers a comprehensive platform for tracking food intake, exercise, and calories, aimed at helping users achieve their health and fitness goals. MyFitnessPal provides a vast food database, personalized insights, and tools for habit building, such as a barcode scanner for easy food logging and device integration for tracking physical activity. It was founded in 2005 and is based in Austin, Texas.
Calibrate operates as a medical metabolic health company in the healthcare sector. The company offers a program that focuses on sustainable weight loss and improved metabolic health, utilizing a combination of doctor-prescribed medication, lifestyle changes, and one-on-one video coaching. It primarily serves individuals seeking weight loss solutions. It was founded in 2019 and is based in New York, New York.
Virta Health specializes in reversing type 2 diabetes and managing prediabetes and obesity within the healthcare sector. The company offers personalized nutrition plans and medical support to help individuals reduce blood sugar levels and decrease dependency on medications. Virta Health primarily serves individuals seeking to manage or reverse metabolic diseases. Virta Health was formerly known as KetoThrive. It was founded in 2014 and is based in San Francisco, California.
Vida Health specializes in personalized health coaching and chronic condition management within the healthcare sector. The company offers a digital health platform that provides programs for managing diabetes, obesity, depression, and hypertension, utilizing a network of healthcare providers. It primarily serves employers, health plans, and consultants aiming to address health issues for their members and manage healthcare costs. It was founded in 2014 and is based in San Francisco, California.
Living Lean Program specializes in personalized fitness and nutrition services within the health and wellness industry. The company offers customized personal training, nutrition plans, group fitness classes, and weight loss consultations to help individuals achieve their health and fitness goals. Living Lean Program caters to a diverse clientele seeking to improve their physical health and integrate healthy habits into their lives. It was founded in 2006 and is based in Orinda, California.
Withings is a company that focuses on connected health technology in the healthcare industry. The company offers a range of products including smart scales, hybrid watches, blood pressure monitors, and sleep analyzers, all designed to provide medical-grade measurements at home. These products primarily cater to the healthcare and wellness sectors. It was founded in 2008 and is based in Issy-les-Moulineaux, France.
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