Company Overview
Sequel Med Tech
Sequel Med Tech, based in Manchester, New Hampshire, is a pioneer in healthcare technology. It is committed to transforming diabetes care through its advanced drug-delivery technology. Boasting a team of 11-50 employees, the company is prominently recognized for automating insulin delivery, which significantly enhances health outcomes for those with diabetes. The flagship product, the twiist™ Automated Insulin Delivery (AID) system, leverages the Tidepool Loop algorithm to accurately monitor insulin volume and microdose delivery, setting a benchmark in the industry.
Leadership Team
- Dean Kamen: Co-founder, pivotal in guiding the company's mission to revolutionize diabetes care.
- Beth Keyt: Senior Vice President of Sales, Market Access, and Government Affairs.
- Scott McBride: Vice President of Technology & Operations.
- Kenneth Snow: Chief Scientific Officer, steering scientific advances in diabetes management.
Product Innovations
The twiist™ AID system stands as Sequel Med Tech's major innovation. It has received FDA 510(k) clearance, underscoring its role as a leader in the automated drug-delivery landscape. The twiist system's direct measurement of dosage metrics enables more precise and effective management of diabetes.
Strategic Focus
Sequel Med Tech's SequelConnect program is central to its strategy, aimed at improving diabetes care through enhanced employer-focused diabetes programs. The initiative focuses on individuals with high insulin therapy costs, seeking to improve care quality while reducing overall healthcare expenditures.
Financial Support
The company has raised approximately $10.7 million across various funding rounds, with investors like Alumni Ventures and Social Leverage demonstrating confidence in its innovative approach to diabetes care.
Market Position
Sequel Med Tech maintains a strong position in North America and is expanding into emerging markets. Its focus on accessibility and advanced technology positions it at the forefront of healthcare innovation, with ongoing collaborations such as its partnership with DEKA Research & Development reinforcing its presence in the healthcare tech domain.
Competitor Profile
Sequel
Sequel operates in the software market with a distinct emphasis on AI-powered natural language interfaces, enabling database queries and report creation without needing SQL proficiency. It is led by Mario Garcia, who has a CEO approval rating of 73%. The company generates an estimated annual revenue of $1.4 million and consists of about 20 employees.
Key Competitors
Sequel faces competition from various firms within different sectors:
1. Simplified: Considered the top alternative to Sequel.
2. Acturis and Transactor Global Solutions: Prominent in software solutions.
3. Fineos: Shares similar operational interests.
Additional competitive pressure arises from:
- Drift and Qualified: Compete with applications that mirror Sequel's offerings.
- Kore.AI and Botpress: Direct competitors in AI-driven interfaces.
- We Sparkle, Hovercast, and ScribbleLive: Identified as key competitors in the market according to industry insights.
- Larger firms like IBM, MicroStrategy, and Microsoft present formidable challenges due to their extensive resources and market breadth.
Sequel also competes with providers of database management and cloud services, such as:
- Snowflake, Google Cloud SQL, Amazon RDS, and Microsoft SQL Server: Offering strong cloud database solutions.
Notable Competitors
We Sparkle Co.
- Location: Minneapolis, Minnesota
- Founded: 2018
- Size: 2-10 employees
- Focus: AI tools for small businesses, empowering underserved groups, including women and people of color.
- Model: Public benefit corporation investing in community nonprofits.
Hovercast
- Location: Chicago, Illinois
- Founded: 2018
- Size: 2-10 employees
- Focus: Interactive live streaming solutions for brands, media, and entertainment.
- Revenue: Approximately $3 million
ScribbleLive
- Location: Toronto, Ontario
- Focus: Content marketing and live publishing, powered by data science.
- Revenue: Estimated $28.4 million with 24 employees
Market Insights
To navigate the competitive landscape effectively, Sequel should focus on differentiating through unique AI-driven database management solutions and improving user accessibility. Engaging in partnerships with community-centric organizations, akin to We Sparkle's model, could provide additional social value. Monitoring technological advancements within larger firms like IBM and Microsoft can spark strategic innovations and prospective alliances.
