Secretbox
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Date of Foundation

Secretbox

AI-powered smart pill bottle .

Contact

The Idea origin story

SecretBox aims to *improve medication adherence and prevent misuse* through a *smart pill bottle* and *AI-powered compliance monitoring*. By dispensing precise doses, tracking real-time adherence with video verification, and integrating seamlessly with healthcare systems, SecretBox helps *reduce overdoses, lower healthcare costs, and enhance patient safety*. Designed for *providers, insurers, pharmacies, and assisted living facilities*, it ensures patients take medications correctly while minimizing risks .

The Mission

Vision: A world where every dose is safe. Mission: Enhance medication adherence, prevent misuse, and provide real-time compliance insights for better healthcare

Clients

Healthcare providers, pharmacies, insurers, and assisted living facilities seeking to improve medication adherence, reduce misuse, and lower healthcare costs .

Problems we solve

Client’s problem

SecretBox solves the critical problem of medication non-adherence, misuse, and overdose, which cost the U.S. healthcare system over $528 billion annually. By integrating AI-powered monitoring, controlled dispensing, and real-time compliance tracking, SecretBox ensures patients take the right medication at the right time, reducing risks for insurers, providers, and pharmacies .

Confirmation of problem

Medication non-adherence causes 125,000 deaths annually and incurs billions in preventable healthcare costs.

Solution

We have created SecretBox, an AI-integrated smart pill bottle that dispenses accurate doses and uses video verification to track adherence, thus preventing misuse and cutting costs.

Our technologies

This solution is based on technologies

How it works

SecretBox dispenses doses, uses AI for video tracking and detection of tampering, syncs with healthcare systems, and offers real-time adherence data.

Value for the client

SecretBox cuts healthcare costs, averts medication misuse, increases pharmacy efficiency, and enhances patient outcomes, offering up to 56x ROI for insurers.

Market and strategy

Market size

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

% of the market

Is our goal in the next 3 years

Team

My name’s

Sofia esteves carvalho

My key role in the product

As CEO, I take the helm of strategy and fundraising, while ensuring SecretBox scales appropriately. Our CTO propels product innovation.

Team size and key members

As CEO, I lead strategy and funding. Our CTO focuses on product development. We are advised by industry experts in insurance, startups, and medicine.

Competitors

Competitors

v

Our Advantages

Our edge lies in AI-driven video compliance, real-time tracking, and a patented tamper-proof dispenser. SecretBox integrates with pharmacies seamlessly and is covered by insurers/providers—reducing patient costs. With reusable hardware and smart alerts to prevent misuse, we are the most secure and efficient solution available.

Business model

.SecretBox earns revenue from SaaS subscriptions ($99–$5,000/month for providers/insurers) and device sales ($15/unit). Insurers reimburse $5 per returned device, lowering net costs . :dollar:

Traction

Over the past six months, our startup SecretBox has created a 3D prototype, built a technology alliance with NVIDIA, filed for patents, and attracted significant attention from leading insurers. We are now in the process of developing our MVP.

PitchBob’s recommendation: "By the end of 18 months, we will have a functional MVP & SaaS platform, validated our product with pilot studies, confirmed FDA compliance, transitioned to initial production and gained early customers."

Metrics

Our key metrics encompass adherence rates, tamper detection cases, provider engagement and insurer interest along with device returns. With AI tracking, adherence has enhanced while insurance sector shows keenness. The MVP development is underway bolstered by supportive early data from pharmacies care-givers showing robust demand for the product.

SecretBox, still in its pre-revenue phase, is working towards raising $1.2M through SAFE for MVP development and initiatory pilots. We have projected a revenue of over $203M by the fifth year predominantly from SaaS subscriptions and device sales, aiming at a gross margin of roughly 70%. Our financial model points to reaching break-even within 18 months.

Incorporation

Our company incorporated in

Delaware

Key risks

The main risks of my startup include ensuring data privacy and security with healthcare information, maintaining regulatory compliance in the rapidly evolving digital health field, ongoing AI model refinement to ensure efficacy and accuracy, as well as scalability concerns for mass production.

Investments

$

We raised investments

Our Investors

No investors yet. just us

Rising Investments

$

1200000

Currently, we are raising investments

$

*SecretBox’s pre-money valuation is estimated between $5M–$8M*

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

**Co-Founder Proposal** Dear Potential Co-Founder, I am excited to share an opportunity with an emerging startup called Secretbox (website: http://secretbox.ai). SecretBox is revolutionizing the healthcare industry with our AI-powered smart pill bottle, devised to improve medication adherence, prevent misuse, and provide real-time compliance insights. **About SecretBox** SecretBox, founded on March 14, 2024, is tackling the significant issue of medication non-adherence, misuse, and overdose. This problem inflicts a financial burden of over $528 billion annually on the U.S. healthcare system alone. Our solution, an AI-integrated smart pill bottle, dispenses accurate doses, uses video verification to track adherence, thus preventing misuse, and cutting costs. In just six months, SecretBox has created a 3D prototype, built a technology alliance with NVIDIA, filed for patents, and attracted significant attention from leading insurers. Presently, we are developing an MVP of our product.

Open positions

Company Description: SecretBox is an early-stage startup founded in 2024 with the mission to enhance medication adherence, prevent misuse, and provide real-time compliance insights for better healthcare. Our AI-powered smart pill bottle offers precise dispensing, real-time adherence tracking, AI-powered compliance monitoring, and seamless integration with healthcare systems. We work with healthcare providers, pharmacies, insurers, and assisted living facilities seeking to improve medication adherence, avoid misuse, and lower healthcare costs. Position: Full Stack Developer Location: Remote In the wake of our company growth, we are looking for a Full Stack Developer to join our innovative team. As a Full Stack Developer at SecretBox, you will have the opportunity to work on some of the most challenging and relevant issues in medication adherence and deliver scalable services that will directly influence our business success.

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Additional information

"SecretBox, a smart pill bottle integrating AI for dose control & compliance tracking. Mitigates overdose risks improving adherence in health systems - a game-changer B2B solution in healthcare."

Secretbox
Date of Foundation