Rheaply’s beginnings trace back to when Rheaply’s co-founder and CEO, Dr. Garry Cooper, was working towards his PhD in neuroscience at Northwestern University’s Feinberg School of Medicine and contributing to the ongoing Parkinson’s disease drug discovery efforts. During his time at Feinberg, he discovered silos within the university when it came to sharing physical assets. Some departments had a surplus of materials and would discard the excess assets that were perfectly appropriate for reuse. Other departments were using outdated spreadsheets and incomplete listservs to source needed materials from peers, but due to a lack of asset location and quantity knowledge, they purchased new ones instead. This observation sparked the idea for Rheaply, the name of which is a combination of the words “research” and “cheaply”.
Rheaply’s platform, Asset Exchange Manager (AxM)™, makes it easy and efficient for organizations in technology, government, retail, healthcare, and higher education to track and utilize the assets they already have before making a purchasing decision. The platform enables companies to share and sell physical assets within and between organizations.
“Empowering professionals to save money and the environment”
“Make the world’s resources discoverable, easily transferable, and more valuable in our global economy”