Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

General Information

Offices

People

CEO & Co-Founder
President, CTO & Co-Founder

Funding

TOTAL $794k
FUNDING TOTAL $794k
Seed, 2/2012
Betaspring
$14k
Seed, 4/2012
Providence Economic Development Partnership
American Pioneer Ventures, Ltd
$55k
Angel, 1/2013
Mayfly Capital, LLC
$500k
Grant, 7/2013
National Science Foundation
$150k
Grant, 11/2013
Rhode Island Science & Technology Advisory Council
$45k
Grant, 1/2014
National Science Foundation
$30k

Tags

121nexus

121nexus deploys cloud-based track & trace solutions for biomedical manufacturers. A recent report prepared by McKinsey & Co estimates that the cost of medical errors introduced by inadequate track & trace on medical devices is estimated to be between $18 and $115 billion annually. In response to the need in the industry for such a track & trace solution, 121nexus developed MDDTrack™, which is a cloud-based software solution for manufacturers to enhance recall management and post-market surveillance in the medical devices and diagnostics industry.

121nexus’ technology solves a problem so critical to public health that it was awarded a National Science Foundation grant to accelerate commercialization of this unique approach to biomedical track & trace. The core technology has been claimed in US Patent 8,533,075, US Patent applications 13/792,651 and 13/925,039, and International application PCT/US14/10293.

Recent Milestones

  • Dollar
    121nexus received $30k in Grant funding. (1/1/14)
    Posted 1/20/14 at 1:25pm via nsf.gov
  • Dollar
    121nexus received $45k in Grant funding. (11/21/13)
    Posted 1/20/14 at 1:26pm via ri.gov
  • Dollar
    121nexus received $150k in Grant funding. (7/1/13)
    Posted 7/16/13 at 6:04am via providencejournal.com
  • Dollar
    121nexus received $500k in Angel funding. (1/22/13)
    Posted 7/16/13 at 6:04am
  • Check
    121nexus — 121nexus completes startup accelerator at Betaspring Launch Day (4/27/12)
    Posted 12/8/12 at 5:19pm via masshightech.com
  • Dollar
    121nexus received $55k in Seed funding. (4/20/12)
    Posted 7/16/13 at 6:04am via pbn.com
  • Check
    121nexus — 121Nexus commended by RI congressional delegation (US Senators Sheldon Whitehouse & Jack Reed, US Congressmen Langevin & Cicilline) (4/9/12)
    Posted 12/8/12 at 5:16pm via betaspring.com
  • Dollar
    121nexus received $14k in Seed funding. (2/6/12)
    Posted 7/16/13 at 6:04am via betaspring.com
  • Check
    121nexus added Foster Sayers as CEO & Co-Founder. (10/7/11)
    Posted 11/27/12 at 3:42pm
  • Check
    121nexus added Albert Ho as President, CTO & Co-Founder. (10/7/11)
    Posted 11/27/12 at 3:42pm

Videos

Above:

NBC 10 Interview with 121nexus (7/30/2012)

Added: 8/26/13
Above:

Executive Suite Interview with 121nexus (6/27/2013)

Added: 8/26/13

Screenshots

Products

121 Campaign™
IFUTrack™
MDDTrack™
PharTrack™

Sources

  1. Introducing...the Spring 2012 Betaspring Companies (betaspring.com) [edit]
  2. Local startups land $1M from city, HUD (pbn.com) [edit]
  3. Citation Needed [add]
  4. Providence tech start-up gets helping hand from $150,000 federal grant (providencejournal.com) [edit]
  5. Local Companies Receive $314,930 in RIEDC's STAC Matching Grants (ri.gov) [edit]
  6. NSF Award Abstract #1315431 (nsf.gov) [edit]
  7. 121Nexus Pitches Platform at RI Congressional Breakfast (betaspring.com) [edit]
    Startups make their pitches at Betaspring Launch Day (masshightech.com) [edit]
Edit This Page
Last Edited 1/20/14

Revision History RSS Picture

Sharing

Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize »

External Links

CrunchBase API

Sponsors



Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy