What is Settrax?
Settrax provides automated cloud software and kiosks designed to streamline collaboration between hospitals and medical device representatives. Their solutions focus on automating supply chain management processes, including order tracking and inventory management, to save time and reduce errors. Settrax aims to alleviate the burdens faced by healthcare professionals by enhancing transparency and efficiency in vendor workflows. The company serves thousands of hospital users and major medical device companies, offering ongoing support and resources for optimal utilization.
How much funding has Settrax raised?
Settrax has raised a total of $2.1M across 1 funding round:
Debt
$2.1M
Debt (2025): $2.1M with participation from SaviBank
Key Investors in Settrax
SaviBank
SaviBank is a financial institution that likely provides debt financing and banking services, potentially specializing in supporting enterprise-level technology solutions and healthcare sector investments.
What's next for Settrax?
With a significant enterprise-level funding context and a recent strategic investment, Settrax is poised for accelerated growth and market penetration. The capital infusion is expected to fuel further development of its automated cloud software and kiosk solutions, enhancing its capabilities in supply chain automation for hospitals and medical device companies. This strategic backing suggests a focus on scaling operations, expanding its user base, and potentially exploring new technological integrations to further optimize vendor workflows and inventory management within the healthcare ecosystem.
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