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JAFCO Ventures leads round to accelerate develpment of new technology
Awarepoint, a developer of real-time location systems for U.S. hospitals, has raised $10 million. JAFCO Ventures led the round and was joined by existing investors Cardinal Partners and Venrock. This brings the company's total funding to $19 million.
The San Diego-based startup offers location, status, condition and movement visibility of both equipment and people, allowing for real-time remote monitoring of critical resources in hospitals.
The company said it's seen extraordinary growth and opportunity for its healthcare applications. Tom Mawhinney of JAFCO said, "We are very excited to be a part of the Awarepoint team. Awarepoint’s dramatic growth, seasoned management team and focus on customer success make it truly unique in the RTLS market. We look forward to supporting the company’s continued growth and market leadership in creating an outstanding company for the long haul."
Awarepoint said it would use the funds to accelerate development of new technology, products and client success capabilities.
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