Data analytics company Komodo Health has laid off 9 percent of its staff in an effort to run a "capital efficient business," its founders posted on LinkedIn.
The company has 802 employees, according to its LinkedIn page, so the move would affect about 72 staffers, or Dragons, as the firm calls them.
"As many long-time Dragons know, the pandemic introduced new challenges for our business, but it also created an unprecedented opportunity for Komodo to thrive over the past two years. We have seen a massive shift in healthcare delivery driving the need for our solutions, which has supported the largest expansion of the business in our history," co-founders, Arif Nathoo, MD, and Web Sun wrote in the Dec. 13 post.
"But the world is changing again, and the market is in the middle of a period of uncertainty that impacts how our customers make decisions. We believe this is the beginning of a change that may last for many more months, if not years."
Separately, the company's CFO plans to leave by the end of the year for personal reasons, TechCrunch reported Dec. 13.
Founded in 2014, Komodo Health has raised approximately $514 million, according to Crunchbase. That included a $220 million round in March 2021.