EviCore Healthcare, a provider of medical benefits management solutions based in Bluffton, South Carolina, acquired Boston-based QPID Health. Financial terms were not disclosed. QPID, which spun out of Partners HealthCare in late 2012, develops analytical software for medical providers. QPID has raised money from New Leaf Venture Partners, Cardinal Partners and others, according to an earlier news release.
3 min read · 29 February 2016
Enlighted Inc, a Sunnyvale, California-based provider of internet of things solutions for commercial buildings, secured $25 million in Series D funding. New investor Tao Capital Partners participated in the round alongside current backers including Kleiner Perkins Caufield & Byers, RockPort Capital Partners and Draper Fisher Jurvetson. Square 1 Bank, a division of Pacific Western Bank, also agreed to provide Enlighted with $20 million in additional liquidity to help finance its accelerated growth plans.
3 min read · 29 February 2016
Deep Optics, a maker of dynamic focal eyeglasses based in Israel, raised $4 million in Series A funding. The round includes strategic investor Essilor, Taiwan-based Atomics 14 Ventures and several private investors, including Saar Wilf, Deep Optics's chairman and first investor.
3 min read · 29 February 2016
UPMC, a Pittsburgh-based health system, will take a majority interest in privately held medCPU Inc, a medical decision support company based in New York. In addition to the stock purchase, UPMC will lead an investment round of $35 million in new capital with participation from existing medCPU shareholder Merck Global Health Innovation Fund. UPMC will also become a medCPU customer.
4 min read · 29 February 2016
Terbium Labs, a cybersecurity startup based in Baltimore, Maryland, raised $6.4 million in a Series A financing round led by .406 Ventures. The round brings Terbium's total funding to $9.7 million.
4 min read · 29 February 2016
Venture capital-backed Zenefits, a human resources startup based in San Francisco, announced layoffs and other changes in a letter posted on its website. Written by Chief Executive David Sacks, the letter said Zenefits has implemented new licensing controls, expanded its compliance team, and reduced the size of its sales team. Zenefits has raised money from Andreessen Horowitz, TPG Growth, Founders Fund, Khosla Ventures, Insight Venture Partner and others.
1 min read · 26 February 2016
Nokia Growth Partners (NGP) closed a $350 million fund for investments in internet of things companies. The fund IV commitment brings NGP’s total assets under management to over $1 billion, including $500 million available for new investments.
3 min read · 26 February 2016
Kika Tech, a keyboard app, raised $30.6 million in Series B funding. The round was led by Honge Capital, Bole Zongheng, and Zhu Ye, a Chinese investor and chief executive officer of Zeus Interactive.
2 min read · 26 February 2016
Zumper, San Francisco-based home and apartment rental platform, acquired PadMapper, a platform in the online rental space. Zumper will continue to run PadMapper as a fully owned subsidiary. Zumper has raised $20.2 million in funding from investors including Goodwater Capital, Kleiner Perkins Caufield & Byers, xfund, Andreessen Horowitz, Greylock, New Enterprise Associates and others.
2 min read · 26 February 2016
F-Prime Capital Partners invested in VitalWare, a Yakima, Washington-based provider of revenue cycle software solutions to healthcare organizations. F-Prime was the sole institutional investor in the Series A financing. F-Prime partners Jon Lim and Carl Byers have joined the VitalWare board of directors.
3 min read · 26 February 2016
