Storii Company Profile

Background

Overview

Storii, founded in 2014 by Cameron Graham and Vitalij Kornijenko, is a technology company headquartered in San Mateo, California. The company specializes in digital tools designed to enhance patient engagement and preserve life stories, primarily targeting the healthcare sector. Storii's mission is to facilitate meaningful connections between patients, their families, and healthcare providers through innovative digital solutions. Its vision is to transform healthcare interactions by integrating personal narratives into care processes, thereby improving patient outcomes and satisfaction.

Primary Area of Focus

Storii operates within the healthcare technology industry, focusing on digital patient engagement and life story preservation. The company's flagship product, StoriiCare, is an Electronic Health Record (EHR) platform tailored for residential and adult day care facilities. Additionally, Storii offers a service that enables individuals to record their life stories over the phone, making it accessible even to those without internet access.

Industry Significance

In the rapidly evolving healthcare landscape, patient engagement is crucial for improving care quality and patient satisfaction. Storii's innovative approach to integrating personal narratives into healthcare processes positions it as a significant player in the digital health sector, addressing the growing need for personalized and patient-centered care solutions.

Key Strategic Focus

Core Objectives

Storii aims to:

Enhance patient engagement by integrating personal stories into healthcare records.

Provide accessible tools for life story preservation, catering to individuals without internet access.

Support care providers with efficient digital solutions to improve care delivery and operational efficiency.

Specific Areas of Specialization

Storii specializes in:

Digital patient engagement tools.

Life story recording and preservation services.

Electronic Health Record (EHR) solutions for care facilities.

Key Technologies Utilized

The company employs:

Automated transcription services for voice recordings.

Cloud-based storage solutions for secure data management.

User-friendly interfaces compatible with various devices, including landline phones.

Primary Markets Targeted

Storii primarily serves:

Residential and adult day care facilities.

Individuals seeking to preserve personal and family histories.

Healthcare providers aiming to enhance patient engagement and care personalization.

Financials and Funding

Funding History

Storii has raised a total of $479,360 across three funding rounds. The most recent funding activity was a grant of $20,000 received on September 9, 2022, from MATTER, a healthcare innovation hub.

Utilization of Capital

The funds have been utilized to:

Enhance product development, particularly for StoriiCare.

Expand market reach and customer acquisition efforts.

Support operational scaling to meet growing demand.

Pipeline Development

Key Pipeline Candidates

Storii's primary offerings include:

StoriiCare: An EHR platform for care facilities, enabling digital scheduling, recording, and analysis of care provided.

Storii Life Story Recording Service: A service that allows individuals to record their life stories over the phone, with answers transcribed and stored online.

Stages of Development

Both products are fully developed and operational, with ongoing updates and enhancements to improve functionality and user experience.

Target Conditions

StoriiCare is designed to improve care management in residential and adult day care settings, addressing challenges in record-keeping, communication, and care coordination. The Life Story Recording Service aims to preserve personal histories, particularly for individuals without internet access.

Anticipated Milestones

Future milestones include:

Integration of additional features into StoriiCare to support a broader range of care activities.

Expansion of the Life Story Recording Service to reach a wider audience.

Technological Platform and Innovation

Proprietary Technologies

Storii utilizes proprietary technologies such as automated transcription services and cloud-based storage solutions to manage and secure user data effectively.

Significant Scientific Methods

The company employs machine learning algorithms to enhance transcription accuracy and improve the user experience.

Leadership Team

Cameron Graham: Co-Founder & CEO. Cameron has a background in software development and has been instrumental in the growth and strategic direction of Storii.

Vitalij Kornijenko: Co-Founder & Software Engineer. Vitalij brings expertise in software engineering, contributing to the technical development of Storii's products.

Arturas Sikorskis: Co-Founder. Arturas has a background in business development and has played a key role in expanding Storii's market presence.

Competitor Profile

Market Insights and Dynamics

The digital health market, particularly in patient engagement and life story preservation, is experiencing significant growth. There is an increasing demand for personalized care solutions that integrate patient histories into healthcare processes.

Competitor Analysis

Storii faces competition from companies like PointClickCare, WellSky, and August Health, which offer similar digital health solutions. Storii differentiates itself by focusing on integrating personal narratives into care records and providing accessible life story recording services.