Rimsys, the leading provider of Regulatory Information Management (RIM) software for the medtech industry, has closed $16 million in Series A financing led by Bessemer Venture Partners, with participation from existing investors Allos Ventures, Private Opportunities, and Innovation Works. The company also announced the appointment of two industry veterans, Adam Price and Christine Robertson to its executive team, and that Bessemer Partner Andrew Hedin and Pendo Co-Founder Eric Boduch have joined Rimsys' board of directors.
The Rimsys cloud-based RIM platform helps global medtech companies streamline regulatory processes, strengthen compliance, and get new products to market more quickly. Designed specifically for medtech regulatory affairs, the platform includes an integrated data hub for all regulatory information and documents, ensuring that teams can easily access critical information and put it to use in pre-market submissions, establishing and maintaining market authorization, and proactively managing post-market surveillance.
Rimsys has experienced more than 300% revenue growth so far this year, and counts global medtech companies such as Johnson & Johnson, Siemens Healthineers, CooperSurgical, and Omron among its clients. The financing will enable the company to continue its growth through new product lines and geographic expansion.
The company also announced two new executive hires with extensive medtech industry experience. Adam Price, former Head of Post-Market Surveillance at Philips will lead post-market product management and strategy, helping the company to develop new offerings focused specifically on that part of the regulatory lifecycle. Christine Robertson, former IT Leader and Regulatory Affairs Business Partner at Thermo Fisher Scientific will lead implementation and professional services, bringing best practices for large-scale RIM deployments to all Rimsys customers.