In the News

At Emerald Development Managers, we not only provide long-term investment capital, we also guide our early-stage companies along a strategic path to profitability, increased market share, and sustained growth. Here's how some of our current portfolio companies are doing.

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TrueFort Snares $30M Series B to Expand Zero Trust Application Security Solution

TrueFort announces $30M Series B with participation from new firms Canaan and Ericsson Ventures along with existing investors Evolution Equity Partners, Lytical Ventures, and Emerald Development Managers.

Sep 09, 2021

Cyware Announces CTIX Spoke – an Exclusive Threat Intelligence Processing and Collaboration Platform for ISAC/ISAO Members

Cyware, the industry's only Virtual Cyber Fusion platform provider, today unveiled CTIX Spoke, a dedicated threat intelligence processing and collaboration platform that enables ISAC/ISAO members to automatically ingest as well as share threat intelligence back with their ISAC/ISAO.

Sep 01, 2021
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This Company Aims To Bring Down The Cost Of Your Medicine With Price Transparency

Capital Rx announced Wednesday that it now has a consumer prescription card, Capital Rx Advantage. This card can be obtained by anyone to buy medication at a price the company says is lower 80% of the time compared to its competitors.

Aug 12, 2021

Torigen Wins Big at Yale Innovation Summit and Animal Health Innovation Showcase

In the past two months, Torigen has won multiple awards at several prominent industry events including the Yale Innovation Summit and the Animal Health Innovation Showcase.

Jul 12, 2021
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Babson Diagnostics Raises $31 Million in Series B Funding to Drive Retailization of Customer-First, Convenient, and Highly Accessible Diagnostic Blood Testing

Emerald Development Managers LP leads oversubscribed $31 million Series B funding round for Babson Diagnostics with full participation from existing investors, including Siemens Healthineers.

Jun 29, 2021
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NBB Group Announces Deployment of the First Virtual Cyber Fusion Centre in the Bahrain Region

The National Bank of Bahrain Group (NBB Group) has selected Cyware to power the first Virtual Cyber Fusion Centre (vCFC) in the region.

Jun 28, 2021

Proscia Upgrades Flagship Software to Enable Rapid Modernization of Diagnostic Pathology In Post-Pandemic Era

Proscia has introduced the next generation of its flagship Concentriq® platform to help the world’s largest laboratory networks keep pace with the growing need for diagnostic services in the post-COVID era.

Jun 08, 2021
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Start-ups Powering New Era of Industrial Robotics

Ready Robotics translates the core principles of the no-code/low-code movement from the world of web and mobile apps to the world of robotics.

Apr 26, 2021
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Capital Rx Crushes Net Promoter Score® and Receives 100 Percent-Positive Feedback on Client Implementation Satisfaction

Results demonstrate company’s commitment to client service, outpacing competitors.

Mar 30, 2021
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Cyware nabs $30M to help organizations detect and stop advanced cyberattacks

The funding is being co-led by Advent International and Ten Eleven Ventures.

Mar 16, 2021

Socure Closes $100 Million Raise Led by Accel to Eliminate ID Fraud and Ensure 100% Trust on the Internet

With surging demand for digital identity solutions, Socure reaches unicorn status, underscoring its position as the emerging market leader in digital identity.

Mar 16, 2021
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Grand Hyatt Vail Turns to Intellihot

Due for repairs, the Grand Hyatt Vail turns to Intellihot for tankless water heating reliability, cost savings, and cutting OPEX.

Mar 09, 2021
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Space ISAC Selects Cyware for Automated Threat Sharing

The partnership assures the enhancement of secure operations and collaborative threat response in defending the space industry from both traditional and evolving cybersecurity threats.

Mar 09, 2021
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TrueFort Adds Lane Bess to Board of Directors

Security Industry Luminary Brings Decades of Strategic Management and Operational Experience to New Board Seat

Feb 08, 2021
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Capital Rx Secures $50 Million in Series B Financing to Accelerate Growth of Pharmacy Technology Platform

The funding round is led by Transformation Capital, with participation from Edison Partners, who led Capital Rx’s Series A financing in 2019, and Emerald Development Managers, LP.

Feb 02, 2021

Truefort Named One Of The Top 25 Cybersecurity Companies Of 2020

Annual The Software Report List Recognizes Vendors that Provide the Most Innovative and Technically Advanced Approaches for Protecting Customers

Dec 23, 2020

Truefort Recognized As Top Enterprise Threat Detection Product In Computing Security Excellence Awards

Provider of Application and Cloud Workload Protection Cited for Innovation, Relevance and Market Adoption

Dec 15, 2020
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Proscia Raises $23M in Series B Funding Led by Scale Venture Partners

Investment to accelerate adoption of digital pathology, transforming the 150-year-old standard of care for cancer diagnosis.

Dec 01, 2020
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JPC Taps Proscia to Modernize World’s Largest Human Tissue Repository

The multi-phase project will digitize the world’s largest human pathology specimen repository in order to enhance biomedical research for cancer and infectious diseases.

Oct 20, 2020