The Ledger
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Woodside claims MedStack's valuation suffered from being based in Canada
“And then the other thing is, you know, we're a Canadian company, so we don't get the Silicon Valley. If we were a Silicon Valley company, yeah, we would have it would be a different story, but you know what?”
MedStack differentiates from hyperscalers with enforced, mandatory security defaults
“This is what really differentiates us from, like, an Amazon or an Azure is, you know, for MedStack, firewalls are on by default, and our customers can't turn them off. We encrypt all incoming communications. By default, you can't turn it off. We back up everyt…”
Gopalan: A major breach will grind digital health adoption to a halt
“As soon as this mass adoption of this digital health technologies is coupled with a breach, the public trust and the trust of the healthcare enterprises will be dropped and that will grind everything to a halt.”
MedStack projects $2M ARR by the end of 2021
“We're just shy of two million ARR. So it's like probably a little bit less than that, but we'll, we'll be hitting two million ARR by the end of the year.”
MedStack closes $3.1M funding round led by Blu Ventures and Telus
“So we actually just completed a raise of 3.1 million. And so that was led by blue ventures and tell us one of our previous investors investors as well.”
MedStack hit Azure quota limits running 750 VMs and databases
“With Azure, we, like, we're hitting quota limits, because we're running, like, a lot of resources. I mean, you know, it's like, 750 different VMs and databases, which may not seem that much for some people running enterprise stuff, but we were certainly hittin…”
MedStack averages $1,500 to $2,000 in monthly revenue per customer
“So the average is you know, there's definitely quite the range from small to large, but kind of like typically between, you know, our average is going to fall like 1500 to 2000 US dollars a month.”
MedStack estimates its net revenue retention between 110% and 120%
“No, I don't think we're quite there. I think it's, I don't, I think it's like 1.1 or 1.2, something like that.”
Gopalan: MedStack is raising a $500k seed extension
“We are doing a seed extension right now... The extension is a half a million.”
Gopalan: MedStack ARPU is slightly over $800 to $850 per month
“It's grown a little bit because of the new business model, but that's very, very recent. So we're probably close to a little bit over eight now, maybe eight 50.”
Gopalan: MedStack seeks 100 customers and $1M ARR before Series A
“Basically the reason we're doing the extension is there's things we want to achieve to put us in a better position for a series A. And that was a decision even before the current crisis actually hit. You know, we want to cross the hundred company mark. We want…”