Versus is a technology company.
Versus has raised $100K across 1 funding round.
Versus has raised $100K in total across 1 funding round.
Versus has raised $100K in total across 1 funding round.
Versus's investors include Chicago Ventures, Left Lane Capital, Lightbank, MATH Venture Partners, Practical Venture Capital, Techstars, Upheaval, Daniel Hoffer.
Versus Technology is a healthcare technology company specializing in real-time locating systems (RTLS) for patient tracking, bed management, asset tracking, and nurse call automation. Its infrared (IR), Active RFID, and Wi-Fi solutions serve over 800 hospitals, clinics, surgery centers, and senior care facilities worldwide, improving patient flow, caregiver documentation, communication, and operational efficiency.[1][6]
Acquired by Midmark Corp. in 2016 and rebranded as Midmark RTLS in 2018, the company integrates RTLS with Midmark's medical equipment, diagnostic devices, and clinical workflow solutions to deliver comprehensive healthcare tools under the theme "Better care happens by design."[6] It targets healthcare providers facing operational challenges like capacity management and workflow automation, with competitors including TeleTracking, Sonitor, and Qventus.[1]
Versus Technology, headquartered in Miamisburg, Ohio, emerged as a specialist in RFID and RTLS for healthcare, focusing on medical devices and IT consulting services.[3] The company gained traction by deploying enterprise visibility solutions in hospitals, earning adoption by more than 800 facilities for clinical-grade location tracking.[1]
In 2016, Midmark Corp.—a clinical environmental design company founded in 1915 with global operations—acquired Versus to expand its portfolio into RTLS, combining it with medical equipment and design services for end-to-end workflow solutions.[6] By 2018, Versus fully rebranded as Midmark RTLS, merging websites and operations while honoring existing contracts, signaling deeper integration into Midmark's ecosystem.[6]
Versus Technology (now Midmark RTLS) rides the healthcare IoT and RTLS wave, addressing surging demands for operational efficiency amid staffing shortages, rising patient volumes, and digital transformation in hospitals.[1] Its timing aligns with post-pandemic priorities like contactless tracking and real-time capacity management, where market forces favor integrated solutions over siloed tools—evident in competitors like Qventus (AI ops) and TeleTracking (cloud platforms).[1]
By influencing healthcare ecosystems through automation and EHR integration opportunities, it reduces administrative burdens and enhances outcomes, positioning Midmark as a one-stop provider in a fragmented market.[1][6]
Midmark RTLS is poised for growth via expansion into smaller facilities, advanced tracking tech, and deeper EHR ties, leveraging Midmark's 1,800+ global teammates and production footprint.[1][6] Trends like AI-enhanced RTLS and hybrid care models will amplify its role, potentially evolving influence toward predictive analytics and broader caregiver ecosystems.
This builds on its core strength—turning healthcare chaos into designed efficiency—keeping it central as hospitals prioritize resilient, tech-driven operations.
Versus has raised $100K across 1 funding round. Most recently, it raised $100K Seed in December 2012.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2012 | $100K Seed | Chicago Ventures, Left Lane Capital, Lightbank, MATH Venture Partners, Practical Venture Capital, Techstars, Upheaval, Daniel Hoffer |