Hinge Health

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Hinge Health is a public digital-health company (NYSE: HNGE) building a technology-enabled healthcare system, initially focused on musculoskeletal care. Its platform combines AI, motion tracking, wearable therapy, and licensed clinicians to help members manage joint and muscle pain while reducing avoidable costs and surgeries.

Primary product

Hinge Health Digital Musculoskeletal Clinic: personalized virtual physical therapy and pain care using AI-powered motion tracking (TrueMotion), the FDA-cleared Enso wearable, exercise therapy, education, and care from physical therapists, physicians, and health coaches.

Founded

2014

Headquarters

455 Market Street, Suite 700, San Francisco, California 94105, United States

Team size

1,000–2,000

Work style

Hybrid

Industry

Healthcare technology / software development

Sub-industry

Digital health; virtual physical therapy and musculoskeletal care

Offices

San Francisco, California

Austin, Texas

Chicago, Illinois

Minneapolis, Minnesota

Denver, Colorado

Portland, Oregon

Seattle, Washington

Bangalore, India

Business model

B2B2C recurring subscription sold to self-insured employers

Health-plan and benefits-partner distribution

Employer and health-plan contracts based on eligible lives and utilization

Technology-enabled clinical care platform

Funding

Stage

Public company; IPO completed May 2025

Total raised

$1.3B

Latest round

Initial public offering · May 2025

Latest amount

$437M

IPO

May 2025

$437M

Series E

Oct 2021 · Tiger Global Management and Coatue Management

$400M

Series D

Jan 2021 · Coatue and Tiger Global Management

$300M

Series C

Feb 2020 · Bessemer Venture Partners

$91.5M

Series B

Jun 2019

$15M

Series A

Jul 2017 · Atomico

$9.6M

Seed

Jun 2017

$500K

People & investors

Leadership

Daniel Perez

Co-Founder and Chief Executive Officer

Gabriel Mecklenburg

Co-Founder, Chief Technology Officer and Executive Chairman

Karen Stander

Senior Vice President, Clinical Operations

Yixue Li

Senior Director, Treatment Experience & AI Research

Felix Pageau

Senior Director, Member Journey & Intelligent Care

Sagar Nallapareddy

Director, Data & ML Platform

Mark Tu

Director, Growth Engineering

Linda Leung

Vice President of Product

Liz Morgan

Head of Talent

Investors

11.2 Capital

Alkeon Capital Management

Atomico

Bessemer Venture Partners

Coatue Management

Heuristic Capital Partners

Tiger Global Management

Whale Rock Capital Management

Work & culture

Mission-driven and strongly focused on improving healthcare outcomes at scale. Publicly stated principles emphasize patient/member impact, high standards, innovation, compassion, and an AI-native engineering culture. Employee-review evidence suggests benefits are broad, while workload, hourly-role stability, and progression/pay satisfaction vary by function.

Work style

Hybrid

Visa sponsorship

Yes

Compensation

Job postings show salary plus equity and benefits; a recent posting listed $137,600–$206,400 for a health economist role. Department of Labor-derived H-1B data reports 102 LCAs and a roughly $171,000 median sponsored salary, but sponsorship is role- and location-dependent. Member-facing hourly compensation appears materially lower than technical and management compensation.

Benefits

Medical, dental, and vision coverage

Employer-paid employee health premiums and dependent coverage contribution

Mental-health support

Gender-affirming care

Fertility, adoption, surrogacy, IVF, and family-building support

Travel reimbursement for healthcare access

Flexible or unlimited PTO

Paid parental leave

401(k) with reported 2% company match

Equity for eligible roles

Dog-friendly San Francisco office

Product & market

Pricing

Generally no direct member charge; employers and health plans contract on a recurring, population-based basis, often through benefits partners. Public list pricing was not found.

Differentiators

—AI-powered motion tracking and automated care plans
—FDA-cleared Enso wearable for electrical nerve stimulation
—Hybrid digital-plus-human clinical model with physical therapists, physicians, and health coaches
—Large longitudinal outcomes and activity dataset
—Employer/health-plan distribution and claims-cost orientation
—HingeConnect integration with in-person providers
—Broad MSK pathway coverage including acute, chronic, and post-surgical care

Technology

AI/ machine learning

TrueMotion AI-powered motion tracking

Enso FDA-cleared electrical nerve-stimulation wearable

React

React Native

TypeScript

Ruby

PostgreSQL

Redis

MongoDB

Snowflake

Apache Spark

OpenCV

Kubernetes/Helm

Cloudflare

Salesforce

GitHub

Customers

Self-insured employers

Health plans

PBMs

Third-party administrators

More than 2,849 clients reported as of Q1 2026

25 million contracted lives reported by company leadership/filings

Competitors

Sword Health

Omada Health

Kaia Health

RecoveryOne

IncludeHealth

HingeConnect/in-person MSK provider networks

Scale & contact

Estimated revenue

Approximately $588M actual FY2025 revenue; approximately $798M–$804M company-guided FY2026 range

Signals & risks

Layoff

Apr 2024

Reportedly reduced approximately 10% of its workforce while seeking a sustainable path to profitability ahead of a potential IPO.

Source

Other

May 2025

IPO valuation of approximately $2.6 billion was materially below the $6.2 billion private valuation from the 2021 Series E round, creating a down-round valuation signal despite a strong first trading day.

Source

Other

May 2026

Company continues to disclose risks typical of digital healthcare: regulatory/FDA compliance, dependence on health-plan and benefits partners, AI/software performance, and historical GAAP losses.

Source