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How Clinical Research IO CEO Raymond Nomizu grew Clinical Research IO to $10.7M revenue with a 104 person team in 2024.

Developer of a e-source system designed to digitally track and store clinical research source data. The company's e-source system replaces the paper forms with a interactive tablet application, researchers are able to configure e-source templates and use a tablet to capture data quickly and accurately due to fail-safes, system alers and other quality assurance features, enabling businesses to collect data more accurately and efficiently.

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Clinical Research IO Revenue

In 2024, Clinical Research IO's revenue reached $10.7M. The company previously reported $6M in 2023. Since its launch in 2015, Clinical Research IO has shown consistent revenue growth.

Clinical Research IO Revenue GrowthReported revenue / ARR by year$0$3M$5M$8M$10M$13M201520172019202120232024$0$1M$6M$11MSource: GetLatka.com
YearMilestoneQuote
2024Clinical Research IO Hit $10.7m revenue in October 2024
2023Clinical Research IO Hit $6m revenue in November 2023
2021Clinical Research IO Hit $1.4m revenue in April 2021
2015Launched with $0 revenue

Clinical Research IO Valuation, Funding Rounds

Clinical Research IO has not publicly disclosed its valuation. The company has raised $17.2M in total funding to date.

Clinical Research IO has raised $17.2M in total funding across 5 rounds, most recently a $9M Series B round in 2022.

Clinical Research IO Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$4M$8M$12M$16M$20M201520162017201820192020202120222015 cumulative: $0 • 2015 Founded: $02016 cumulative: $2M • 2015 Founded: $0 • 2016 Angel Round: $2M2017 cumulative: $3M • 2015 Founded: $0 • 2016 Angel Round: $2M • 2017 Seed Round: $2M2020 cumulative: $5M • 2015 Founded: $0 • 2016 Angel Round: $2M • 2017 Seed Round: $2M • 2020 Convertible Note: $1M2021 cumulative: $8M • 2015 Founded: $0 • 2016 Angel Round: $2M • 2017 Seed Round: $2M • 2020 Convertible Note: $1M • 2021 Series A: $4M2022 cumulative: $17M • 2015 Founded: $0 • 2016 Angel Round: $2M • 2017 Seed Round: $2M • 2020 Convertible Note: $1M • 2021 Series A: $4M • 2022 Series B: $9M$17M2015 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote
2022Series B$9M--
2021Series A$3.5M--
2020Convertible Note$1.4M--
2017Seed Round$1.7M--
2016Angel Round$1.6M--

Clinical Research IO Employees & Team Size

Clinical Research IO employs approximately 104 people as of 2026, up from 98 in 2024.

Clinical Research IO has 104 total employees in different roles and functions and 2 sales reps that carry a quota.

Clinical Research IO Team GrowthReported headcount over time025507510012520152017201920212023202500104104Source: GetLatka.com
YearMilestone
2025Reached 104 employees (May 2025)
2024Reached 98 employees (December 2024)
2024Reached 94 employees (October 2024)
2023Reached 88 employees (November 2023)
2022Reached 45 employees (November 2022)
2022Reached 45 employees (January 2022)
2021Reached 22 employees (November 2021)
2021Reached 22 employees (April 2021)

Founder / CEO

Raymond Nomizu

Raymond Nomizu is the co-founder of Clinical Research IO, an eSource and enterprise software company servicing clinical research sites. Since its launch in 2016, it has acquired over 100 sites and continues to streamline operations. Previously the owner and operator of a clinical research site, Nomizu also founded a data analytics company servingover 35 Fortune 500 companies. He also has an extensive background as a management consultant focusing on process and systems improvements. He received his JD degree from Harvard Law School.

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Customers

We do not have customer count information for Clinical Research IO yet.

Frequently Asked Questions about Clinical Research IO

What is Clinical Research IO's revenue?

Clinical Research IO generates $10.7M in revenue.

Who founded Clinical Research IO?

Clinical Research IO was founded by Raymond Nomizu.

Who is the CEO of Clinical Research IO?

The CEO of Clinical Research IO is Raymond Nomizu.

How much funding does Clinical Research IO have?

Clinical Research IO raised $17.2M.

How many employees does Clinical Research IO have?

Clinical Research IO has 104 employees.

Where is Clinical Research IO headquarters?

Clinical Research IO is headquartered in Boston, Massachusetts, United States.

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Compare Clinical Research IO to the industry

Clinical Research IO operates across multiple industries. Browse revenue, funding, and growth data for Clinical Research IO in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

Clinical Research IO Revenue 2024: $10.7M ARR, $17.2M Raised