The purpose of Client Tell is to spotlight the incredible work of our clients, and to help businesses learn from and connect with each other. This month, SharkDreams Founder Dharma Teja Nukarapu shared how his digital healthcare company is redefining patient health monitoring. Take an up-close look at how this Raleigh startup is making the care and communication process more secure, effective and efficient.
Glitches in the System
SharkDreams founder Dharma Teja Nukarapu isn’t new to the tech startup world or the healthcare system. After selling his first startup in Kansas, Dharma moved to the Research Triangle to work with companies to help improve their experiences from a software perspective. As he was completing mentorships in health technology, he observed the need to connect the Internet of Things (IoT) and healthcare development.
“I saw so many problems with the communications between patients, providers and pharmacies, but I didn’t see any technology in place to fix them,” Dharma recalled. “The roadmap was clear, the market was 100 percent accessible and there were funding opportunities available, so nothing seemed like a showstopper for starting my own company.”
A Better Way
Dharma launched SharkDreams in 2017 with the goal of becoming the leading provider of Advanced Digital Clinics, helping to provide quality care for patients. The company combines its unique software and hardware technology with cloud-based data analytics and artificial intelligence capabilities. This IoT ecosystem gathers information that greatly improves the patient experience, encourages medication compliance and even reduces drug abuse.
In the past there was no way to know what happened to prescription drug containers or their contents once they left the pharmacy in the patients’ hands. SharkDreams set out to manufacture smart stickers for disposable prescription bottles to help pharmacists, patients and caregivers keep track of every pill. “We created a beautiful, user-friendly dashboard so pharmacists and caregivers can interact and stay on top of patients’ medications,” said Dharma.
Dharma took a leap of faith to chase his startup dream, leaving a great job at a prestigious global technology services company to pitch his idea and gather funding. “It was a big decision, but I knew if I wanted to be part of fixing this major healthcare problem, I would need to focus on it full-time,” he explained.
Projected to reach the goal of manufacturing one million smart stickers by the end of the year, SharkDreams is growing at lightning speed. “We always planned to be a fast-growing company,” said Dharma. If you have the skills, experience and strategy in place, it doesn’t take long to break into the market. We want to be known for understanding problems and attacking them quickly.”
A Trusted Partner
When it came to legal expertise and support, Dharma knew SharkDreams needed a firm that could keep up with pioneering ideas and a fast-moving, results-driven culture, and he found that in Fourscore Business Law.
“No documents leave our company without Fourscore’s approval,” said Dharma. “The lawyers at Fourscore Business Law understand how we operate and bring innovative ideas and unbiased perspective. I trust them to ask all the right questions and make sure our startup is successful and protected.”
To learn more, visit sharkdreams.co.