Somnoware raises $9M for sleep management software system

By Aditi Pai
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Charlotte, North Carolina-based Somnoware, which offers a sleep management software system, has raised $9 million in a round led by TransLink Capital with participation from World Innovation Lab (WiL) as well as existing investors.

Subath Kamalasan, Somnoware’s CEO founded the company in 2011. Before founding Somnoware, Kamalasan managed multiple sleep centers. He realized that creating a system that collects data from health devices and connects providers would benefit the sleep medicine field.

Somnoware’s system makes it easier to track and share a sleep disorder patient’s data with all of the patient’s healthcare stakeholders, including health systems, DME companies, payers, independent sleep centers, and sleep service companies. 

Patients can use Somnoware to integrate connected sleep tracking devices, track their own sleep data, and receive health-related reminders as well as alerts. Physicians are able to manage a number of tasks using Somnoware, including centralizing schedules for facility and home testing, generating a CPAP order from the patient’s profile, viewing prescription updates, updating patient demographics, adding insurance information, and keeping track of pre-authorization details for studies.

The facility-based price per study is $9 for organizations that are part of Welltrinsic, a national network connected sleep physicians, or $11 if they aren’t. The home sleep testing price per study is $7 for Welltrinsic members and $8 if they aren’t. Somnoware also offers enterprise pricing.

The company’s software is already in use by 1,500 physicians across 42 states. Some organizations that use Somnoware already include Carolinas HealthCare, Advocate Health Care, Delaware Sleep Disorders Center, Emerald Sleep Services, REM Sleep Center, and Sunset Sleep Labs.