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 Rimsys’ board of directors.

The financing will enable the company to continue its growth through new product lines and geographic expansion.

Led by James Gianoutsos, Founder and President, Rimsys 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. Rimsys streamlines all regulatory activities including registrations, essential principles, UDI, standards management, and regulatory intelligence in a single, integrated platform. It is used by global MedTech companies including Johnson & Johnson, Siemens Healthineers, and Omron.