Mulder

What Mulder does

Mulder (legal entity: Mulder tech Limited) is a UK-based, privately held software company founded in 2023 that operates an AI and blockchain platform for medical device traceability and regulatory compliance. The platform captures the full device lifecycle — from components, supplier certifications, and manufacturing through distribution, healthcare delivery, patient application, and end-of-life disposal — on a tamper-proof blockchain ledger. An AI layer automates compliance workflows, flags items that could block FDA or MDR approval, and surfaces real-time alerts when supply chain data deviates from expected patterns.

The product is delivered as a subscription-based, multi-layered compliance platform sold via direct enterprise sales. The primary customer is the medical device manufacturer, with secondary segments including regulatory consultants, external supply chain partners, and (planned) healthcare buyers. Pricing is quote-based and not publicly disclosed. The company is led by Founder/CEO Michelle Kuei (10+ years MedTech, 8+ FDA/MDR product launches, $15M exit), Co-Founder/CTO Prathyusha Kadivella (ex-Amazon operations, early LLM practitioner since 2013), and Co-Founder/CRO Sriya Deokar (diagnostics, metrology, traceability expertise).

Mulder is co-funded by Innovate UK and SFC Capital, with cumulative disclosed funding of approximately $648,100 across a 2024 priced round and a 2025 grant. The company has 1-10 employees, no publicly named customers, and no disclosed revenue, indicating an early commercial stage.

Name

Mulder

Legal name

Mulder tech Limited

Website

https://muldertech.co.uk

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Mulder is a London-based software company that provides an AI and blockchain platform for end-to-end medical device traceability and FDA/MDR compliance automation, primarily serving medical device manufacturers, with future plans to serve healthcare buyers.

Ownership category

akta.pro rank

Product category

MedTech Compliance Software

akta.pro primary industry

Anti-Counterfeit & Track-and-Trace Packaging (Serialization, Security Features) (IMALAIAJ)

akta.pro secondary industry

Anti-Counterfeit & Authentication Packaging (Holograms, QR/NFC, Track-and-Trace) (IMALANAJ)

Keywords

• Medical device traceability
• MedTech compliance software
• Blockchain supply chain
• Regulatory compliance automation
• Device lifecycle management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Multi-layered compliance platform offered as software subscription, likely tiered based on supply chain complexity and compliance scope. The platform serves as a traceability and compliance management tool for MedTech manufacturers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mulder provides a SaaS compliance platform combining blockchain-powered traceability with AI automation for medical device supply chains. The platform delivers a tamper-proof ledger capturing the full device lifecycle from components through manufacturing, distribution, healthcare delivery, patient application, and end-of-life disposal. It automates regulatory compliance workflows for FDA and MDR frameworks, surfaces real-time insights via dashboards, and detects supply chain anomalies for MedTech manufacturers, regulatory consultants, and external partners.

Product overview

Mulder is a single unified platform for medical device traceability and compliance. At its core is blockchain-powered traceability that captures the full device lifecycle from raw materials through patient use to end-of-life disposal. Layered on top is AI-powered compliance automation that enables smarter audits, real-time insights, and proactive anomaly detection. The platform serves manufacturers (audit-ready traceability), regulatory consultants (immutable compliance records), external partners (full process visibility), and healthcare buyers (provenance and ESG verification).

Differentiator

Problem solved

Functional benefit

Products and services

• Mulder Platform A layered SaaS compliance platform combining blockchain-powered traceability with AI automation for medical device supply chains. Provides a tamper-proof ledger of device journeys from components to disposal, automates regulatory compliance workflows for FDA/MDR, surfaces real-time insights through dashboards, and detects supply chain anomalies. Designed for MedTech manufacturers, regulatory consultants, external partners, and healthcare buyers.

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• TraceLink: TraceLink is a US-based pharmaceutical supply chain traceability and compliance platform serving manufacturers, distributors, and dispensers. It overlaps with Mulder on serialized traceability, regulatory reporting, and multi-stakeholder supply chain visibility, though its primary focus is pharma rather than medical devices.
• rfxcel (Antares Vision Group): rfxcel provides serialization, traceability, and regulatory compliance software for life sciences and is now part of Antares Vision Group. Its focus on pharma/medical device DSCSA, Falsified Medicines Directive, and UDI compliance maps closely to Mulder's regulatory traceability positioning.
• Frequentz: Frequentz offers serialization, traceability, and supply chain visibility software for life sciences and medical devices. It is a direct comparability fit on medical device pedigree, track-and-trace, and regulatory reporting workflows that Mulder also targets.
• MediLedger: MediLedger is a blockchain-based network for the pharmaceutical supply chain, focused on compliance, provenance, and counterfeiting. It is a direct competitor on blockchain-ledger architecture for regulated healthcare supply chain traceability.
• Chronicled: Chronicled builds blockchain-based supply chain solutions for pharmaceuticals and high-value goods, with a focus on chain of custody and provenance. It is comparable to Mulder on technology stack (blockchain + supply chain) and on targeting regulated life sciences customers.
• Circulor: Circulor is a UK-based blockchain supply chain traceability company serving automotive, electronics, and industrial customers. It is comparable as a fellow UK-headquartered blockchain traceability vendor with an enterprise B2B go-to-market.

Broad incumbents

• MasterControl: MasterControl is an established quality management and regulatory compliance SaaS platform for life sciences, including MedTech manufacturers. It competes for the same compliance and audit budget as Mulder but as a broad quality/compliance suite rather than a blockchain-native traceability specialist.
• Veeva Systems: Veeva is a large public cloud software company serving life sciences, with quality, regulatory, and clinical suites widely deployed at MedTech and pharma manufacturers. It is comparable as an entrenched incumbent that could extend into medical device traceability and compliance.
• SAP: SAP provides enterprise ERP and supply chain software used by many MedTech manufacturers, including serialization and traceability capabilities via its broader portfolio. It is comparable as a large incumbent whose installed base and roadmap can absorb device-traceability functionality.

Emerging players

• OriginTrail: OriginTrail is a blockchain-based protocol for supply chain interoperability and trusted data sharing across enterprises. It is comparable on technology stack and on the thesis of decentralized, verifiable supply chain data, but operates as protocol-layer infrastructure rather than a MedTech vertical SaaS.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mulder