Rimsys Closes $16M Series A Financing
- Rimsys, a Pittsburgh, PA-based provider of Regulatory Information Management (RIM) software platform for the medtech industry, raised $16m in Series A financing
- The round was led by Bessemer Venture Partners, with participation from existing investors Allos Ventures, Private Opportunities, and Innovation Works
- In conjunction with the funding, Bessemer Partner Andrew Hedin and Pendo Co-Founder Eric Boduch joined company’ board of directors
- The financing will enable the company to continue its growth through new product lines and geographic expansion
- The company provides a cloud-based Regulatory Information Management (RIM) platform that digitizes and automates regulatory activities
- It centralizes all regulatory information, automates submission processes, and monitors relevant expirations, standards, and global regulations
