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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- Random Power
- Emerald
- Axis Security
- Babson Diagnostics
- Capital Rx
- CybSafe
- Cyware
- ETCH
- Evolved By Nature
- GreenSight
- Intellihot
- LifeSprout
- Proscia
- SafeBreach
- Socure
- Torigen
- Transcend Therapeutics
- TrueFort
- Una Software
- Uviquity
- WATT Fuel Cell
Transcend Therapeutics Announces Completion of Acquisition by Otsuka Pharmaceutical
Transcend Therapeutics announced the completion of its acquisition by Otsuka America Inc., a subsidiary of Otsuka Pharmaceutical Co., Ltd. (Otsuka), marking a significant milestone in Transcend’s mission to develop rapid-acting treatments for neuropsychiatric diseases, including post-traumatic stress disorder (PTSD).
Quantum Randomness: Random Power Raises €2.6 million ($3M+) Led by Emerald Development Managers LP and Deep Ocean Capital SGR
The round accelerates the transition of QRNG technology from research to market, advancing the industrial development of Quantum Random Number Generators -- a key component for next-generation cryptographic security and data protection in the post-quantum era.
Una Software Launches AI-Powered FP&A Innovations and Announces Additional Funding
Una Software announced today it will unveil its latest product innovations at the 2025 Gartner CFO & Finance Executive Conference and that it has raised an additional $4.4 million in Seed Round funding, bringing total investment to $10 million.
Vox
The Future to Fighting Airborne Viruses Is In… Lamps?
Emerging from stealth this month, Uviquity is a Raleigh-based startup staffed by a group of veteran photonics engineers and backed with $6.6 million in seed money.
BetterWay Blood Testing Expands Test Menu in Thyroid, Kidney and Cardiovascular Disease States
BetterWay™ blood testing by Babson Diagnostics is proud to announce a major test menu expansion, now offering 61 tests.
Fierce Biotech
Transcend Rises Above Threshold for Success, Linking MDMA Analog to PTSD Improvements in Phase 2
Transcend Therapeutics has glided over the bar for success, linking its MDMA analog to improvements in post-traumatic stress disorder (PTSD) symptoms that began on Day 8 and persisted through Day 64 of its phase 2 trial.
Progressive Grocer
Sam’s Club to Provide BetterWay Blood Testing
Sam’s Club has entered into an agreement with BetterWay blood testing by Babson Diagnostics to offer the blood-testing method at seven of the warehouse retailers pharmacies in the greater Austin, Texas, area.
Studies Confirm: New Fingertip Blood Collection Device Has Equivalent Testing Accuracy of Higher-Volume Draws from Vein
BD and Babson Diagnostics today announced the results of new studies demonstrating that blood tests commonly used in wellness checks and chronic disease management are just as accurate when using several drops of blood collected from a finger prick as when the sample is taken from a vein.
Finovate
Socure Unveils AI Assistant for Global Watchlist Screening
Digital identity verification, compliance, and fraud prevention company Socure unveiled its first AI-powered assistant for its Global Watchlist Screening and Monitoring solution.
The Healthcare Technology Report
Capital Rx Launches Judi Health, A Unified Claim Processing Platform
Capital Rx, a health technology company, has introduced Judi Health, the first claim-processing platform capable of handling both pharmacy and medical claims on a single system.
The Paypers
Socure Launches RiskOS for Identity Verification and Fraud Prevention
Socure, a provider of digital identity verification and fraud prevention technologies, has announced the general availability of its new RiskOS platform.
Capital Rx Unveils Healthcare’s First Unified Pharmacy and Medical Claims Processing Platform
Capital Rx, Inc., the enterprise health technology company and benefit administrator advancing our nation's electronic healthcare infrastructure, is announcing Judi Health™, the industry's first unified claim processing platform capable of administrating pharmacy and medical claims for employer plan sponsors, health systems, and health plans on a single platform.
MyChesCo
Torigen Pharmaceuticals Advances Veterinary Pathology with Proscia’s Concentriq
Torigen Pharmaceuticals is making strides in veterinary medicine by employing Proscia’s Concentriq® software to enhance its Specialty Pathology Service.
Emerald Development Managers Named a CERN Venture Connect Funding and Investment Partner
Emerald Development Managers LP, an early-stage venture capital firm specializing in deep tech, today announced that it has been named a CERN Venture Connect Funding and Investment Partner.
The Healthcare Technology Report
BD Joins Forces with Babson Diagnostics to Launch Fingertip Blood Testing for Healthcare Providers
In a new partnership, BD, a medical technology company, has joined forces with Babson Diagnostics to broaden the availability of fingertip blood collection and testing technologies across the U.S.
BD and Babson Diagnostics Launch Innovative Fingertip Blood Testing to Health Care Organizations
BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, and Babson Diagnostics, a science-first health care technology company, today announced an expansion of fingertip blood collection and testing technologies for use by U.S. health systems and other large provider networks in settings like urgent cares, doctor offices and other ambulatory care settings.
Transcend Therapeutics Presents New Data from the Open-Label Portion of the IMPACT-1 Study and Further Data Supporting the Neuroplasticity Mechanism of TSND-201
Transcend Therapeutics, a clinical-stage biotechnology company developing rapid-acting treatments for neuropsychiatric diseases, today presented two posters at the American College of Neuropsychopharmacology (ACNP) Annual Meeting taking place in Phoenix, Arizona, highlighting the promise of TSND-201 for PTSD and other CNS conditions.
MD+DI
The Year Babson Showed Us a ‘BetterWay’ to Do Blood Testing
MD+DI has named Babson Diagnostics the 2024 Medtech Company of the Year for launching its BetterWay service, which uses just a pea-sized amount of blood.
Proscia Wins Fast Company’s Next Big Things in Tech Award
Proscia®, a global leader in AI-enabled pathology solutions for precision medicine, was named to Fast Company’s fourth annual Next Big Things in Tech list honoring emerging technology that has profound impact for industries—from health and sustainability to robotics and artificial intelligence. Its Concentriq® software platform was highlighted in the Health category.
Cyware Welcomes Jawahar Sivasankaran as President to Propel Growth and Drive Customer-Centric Innovation
Jawahar Sivasankaran has been appointed President of Cyware, leaders in intel-driven security automation. The appointment marks a pivotal step in Cyware’s mission to empower organizations with advanced, AI-driven threat intelligence and security solutions. Jawahar brings more than 25 years of experience in fostering security product innovation, growth leadership, and customer success at Cisco, Splunk, and Appgate.
Natural Gas Decarbonization Company ETCH Inc. Names Katie Ellet CEO
ETCH, Inc. (ETCH), a decarbonization company producing clean hydrogen and solid carbon from natural gas, has appointed industry expert Katie Ellet as its new Chief Executive Officer (CEO). With more than 25 years of experience in the chemicals and energy sectors, Ellet will guide ETCH's strategic direction, oversee the company's expansion into new markets, and focus on strengthening industry partnerships while driving the transition to customer-focused solutions. Under her leadership, ETCH will accelerate the deployment of its cutting- edge technology, positioning the company at the forefront of innovation in the clean energy sector.
Cosmetics & Toiletries
Evolved By Nature Debuts Skin Tone-boosting Peptide: Activated Silk 8A-α
Evolved By Nature has debuted a new bioactive peptide: Activated Silk 8A-α. According to the company, the ingredient supports natural late stage cell differentiation and is clinically proven to turn the skin "on" to reduce the appearance of hyperpigmentation and improve the appearance of skin brightness.
SecurityWeek
Socure Acquires Risk Decisioning Company Effectiv for $136M
Predictive analytics firm Socure will spend $136 million to acquire Effectiv, a provider of fraud and risk decisioning technologies.
Energy Digital
How Hydrogen Powers the Global Decarbonisation Revolution
As the hydrogen economy continues to evolve, innovative technologies are emerging to make hydrogen production more efficient and cost-effective. One company at the forefront of this innovation is ETCH, co-founded by Dr Jonah Erlebacher.
Fierce Biotech
Proscia launches digital pathology toolkits for building AI models
Digital pathology developer Proscia is launching an artificial intelligence toolkit for life science researchers alongside a program that translates biopsy slide images into quantitative data for easier number-crunching by AI models.
Texas Monthly
Blood Tests From a Finger Prick—For Real This Time?
BetterWay, launched by Austin start-up Babson Diagnostics, aims to deliver a service that the Silicon Valley con artists at Theranos only promised.
The Wall Street Journal
The Companies Realizing Theranos’s Failed Dream
Theranos’s ambitions for a finger-prick blood test are finally being realized—by other companies. Since May, needle-phobic people in Austin, Texas, have been able to visit pharmacies for routine medical tests on drops of blood squeezed from their fingertips, rather than the usual way of plunging a needle into a vein in the arm and drawing large vials of blood.
Fast Company
How Philadelphia Startup Proscia Is Bringing Cancer Biopsies into the Digital Age
The company’s Concentriq AP Dx software allows pathologists to make a primary diagnosis from an image on their computer screen, rather than a glass slide.
WATT Fuel Cell’s Advanced Manufacturing Plant Expands Capacity and Capabilities as the Company Prepares for Commercial Growth
WATT Fuel Cell today announced the expansion of its U.S. Advanced Manufacturing Plant and Headquarters facility in Mt. Pleasant, Pennsylvania. This expansion bolsters WATT’s manufacturing capabilities for scaled commercial production of the company’s newest distributed energy, small-scale fuel cell products, WATT HOME, WATT REMOTE and WATT NOMAD.
Babson Diagnostics to Launch Transformative Blood Testing Service with Leading Retail Partners
Babson Diagnostics, a science-first health technology company, announced today that it will launch BetterWay™ blood testing with three retail partners in Austin and San Antonio. BetterWay brings blood testing into the 21st century, making it less invasive, more convenient, and accessible for consumers. Babson is launching BetterWay with H-E-B, one of the nation’s largest independently owned supermarket chains, and two independent pharmacies in the Austin metro area, Peoples Rx and Lake Hills Pharmacy. BetterWay will be available at select pharmacy locations in the Austin and San Antonio metro areas beginning in July.
Prime Therapeutics and Capital Rx Enter Into Transformative Strategic Alliance
Strategic alliance allows Prime to offer exclusive access to Capital Rx's leading technology platform to achieve a higher standard of care, increase efficiency, improve experiences and provide the foundation for the next generation of integrated pharmacy care for the more than 50 million Americans served by Prime.
Evolved By Nature Announces Distribution Agreement with Barentz
Sustainable biotechnology company Evolved by Nature has partnered with leading life science company Barentz to distribute the first ingredient from their platform of natural, bioactive peptides to be made available to the personal care and beauty markets. Distribution will be throughout the US and Canada.
RealClear Energy
The Hydrogen Tax Credit Will Stimulate Innovation, Not Stymie Implementation
"The best path forward for the clean energy transition has long divided opinion, but the extremes in the reactions to the White House’s recent hydrogen production tax credit proposal – ranging from a “much-needed win” to “horrible” – show just how deep those divisions go." - Jonah Erlebacher, Founder - ETCH
Medical Device Network
Proscia Digital Pathology Software Swings FDA 510(k) Clearance
Philadelphia-based software firm, Proscia, has received FDA 510(k) clearance for its Concentriq AP-Dx pathology system for its diagnostic software that it says provides a better more immersive setting for clinicians than other systems of pathology.
Babson Diagnostics’ BetterWay™ Blood Testing Service Achieves Critical Milestone Ahead of Commercialization
Babson Diagnostics™, a science-first, health care technology company, today announced that a key piece of its BetterWay™ Blood Testing ecosystem has achieved 510(k) clearance from the U.S. Food and Drug Administration. These regulatory clearances pave the way for Babson to bring BetterWay—a first-of-its-kind blood testing service—to market next year.
Fierce Biotech
Blood Tests? Aisle 3: FDA Greenlights BD & Babson’s Fingertip Collection System Aimed at Pharmacies, Grocery Stores
Theranos had a lot of bad ideas, but making blood draws smaller and easier wasn’t necessarily one of them. A decade after the now-defunct blood-testing startup emerged from stealth, BD has now claimed an FDA clearance for fingerstick collection hardware that aims to bring the most common blood tests to pharmacies, grocery stores and other retail locations. The green light marks a major milestone in the blood collection giant’s long-running collaboration with Babson Diagnostics, the Fierce Medtech Fierce 15 winner that’s been co-developing an effective capillary blood draw system with BD since 2016.
Fierce Biotech
PTSD Treatment Is on the Cusp of a Paradigm Shift. This Biotech Hopes to Transcend the Competition
All of a sudden, there's a flurry of activity in developing treatments for PTSD—meaning companies have to bring compelling data. Transcend Therapeutics is hoping to rise above the competition with an early cut of phase 2 data showing its MDMA analog reduced the severity of the condition in patients.
Sourcing Journal
Evolved By Nature Lines Up New Italian and Thai Tanneries
Evolved By Nature has 14 top tanneries supporting its eco-friendly substitute for chemical-heavy leather finishings. It’s a major advancement since the sustainable chemistry company raised $120 million last year.
Hope Gas and WATT Fuel Cell to Offer Clean Energy Technology to Residential Customers in West Virginia
In mid-October, Senator Joe Manchin announced that the Appalachian Regional Clean Hydrogen Hub (ARCH2) was selected to negotiate for funding by the U.S. Department of Energy (DOE) to receive up to $925 million in federal support. Hope Gas (Hope) is excited to be a project partner and support the ARCH2 vision of a clean, economically viable and socially equitable H2 ecosystem. As part of this project, Hope will work with WATT Fuel Cell (WATT) to provide fuel cells to residential customers in West Virginia.
Capital Rx Closes $50M+ Strategic Investment Round to Support Growth and Accelerate JUDI® Platform Development
Capital Rx, the full-service pharmacy benefit manager (PBM) and pharmacy benefit administrator (PBA) advancing our nation's healthcare infrastructure to improve drug price visibility and patient outcomes, is announcing the closing of a strategic investment round totaling over $50 million with participation from more than 10 of the leading health systems in the nation.
Axios
Exclusive: Etch Raises $7.5M for Ultra-Cheap Natural Gas Decarbonization
Baltimore startup Etch closed a $7.5 million seed round to build what it says are efficient systems to decarbonize natural gas, the company tells Axios.
TechCrunch
Cyware Lands $30M to Modernize Cybersecurity Operations
Cyware, a startup developing products to help enterprises modernize their security operations, today announced that it raised $30 million in a Series C funding round led by Ten Eleven Ventures. Advent International, Zscaler, Emerald Development Managers, Prelude and Great Road Holdings also participated, bringing Cyware’s total raised to $73 million.
VentureBeat
Socure’s $70 Million Acquisition of Berbix: What It Means for the Identity Verification Market
Socure, a Nevada-based startup that provides digital identity verification and fraud prevention solutions, has announced its first acquisition: Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution. The deal, valued at approximately $70 million in cash and stock, marks a significant milestone for Socure as it aims to become the leader in the identity verification market.
Hartford Business
Torigen Unveils Farmington HQ With Eye on New Animal Cancer Vaccine
Torigen Pharmaceuticals Inc. – which is in the process of developing new cancer vaccine products for pets – has settled into a new 9,090-square-foot headquarters space in Farmington as it continues its growth trajectory.
GOLF
How Can Golf Courses Use Less Water? This Club’s Forward-Thinking Tactics Offer Clues
GOLF.com details how one country club is utilizing GreenSight's technology to improve irrigation, lower water costs, and yield purer playing conditions.
Agilent Announces Global Distribution Agreement with Proscia to Accelerate Data-Driven Precision Medicine
Agilent Technologies Inc. (NYSE: A) today announced a multi-year distribution agreement with Proscia® – a leader in digital pathology – to offer a comprehensive digital diagnostic pathology system.
Hewlett Packard Enterprise Fortifies Network Security With Acquisition of Security Service Edge Provider Axis Security
HPE intends to acquire Axis Security, a cloud security provider, expanding its edge-to-cloud security capabilities by offering a unified Secure Access Services Edge (SASE) solution to meet the increasing demand for integrated networking and security solutions delivered as-a-service.
Wall Street Journal
Wall Street Backs New Class of Psychedelic Drugs
Transcend Therapeutics Inc. raised $40 million from venture-capital investors in January to develop a post-traumatic stress disorder treatment that its 29-year-old CEO Blake Mandell says would require about half the amount of therapy as MDMA, or ecstasy, a popular hallucinogen.
WATT Fuel Cell Continues Business Momentum Growth With Generac Investment
WATT Fuel Cell is excited to announce an investment from Generac Power Systems, a market leader in residential energy technology.
Emerald Development Managers Promotes Three
Emerald Development Managers, an early-stage venture capital firm, today announced that Ian Tolfree, Ph.D., and Cy Schroeder have been named Principals of the firm and Joshua Smith has been promoted to Director, Investor Relations.
Capital Rx is Crowned Winner of the Fierce Healthcare Fierce Innovation Award
Capital Rx, a healthcare technology company changing the way prescription drugs are priced and patients are serviced, today announced that it has won the Fierce Healthcare Fierce Innovation Award. The healthcare awards program recognized Capital Rx for JUDI®, its ground-breaking enterprise health platform (EHP) for pharmacy benefit administration.
Torigen Pharmaceuticals Announces Completion of $13 Million Capital Raise
Torigen Pharmaceuticals, Inc, a commercial-stage animal health biologics company, today announced it has closed its $13 million Series A1 round led by Werth Family Investment Associates, LLC and Connecticut Innovations, Inc., bringing the total raised by the company to $18 million.
sUAS News
GreenSight WeatherHive System Selected by USAF and DIU for Prototype Development
GreenSight’s WeaterHive, a unique new sensing technology that uses swarms of nano-sized drones to directly measure atmospheric conditions, has been selected by the US Air Force and the Defense Innovation Unit for a prototype development contract and potential procurement.
LifeSprout’s Next-Generation Aesthetics Dermal Filler Achieves Primary Endpoint in Pivotal Clinical Trial
LifeSprout, a privately held regenerative medicine company founded with technology licensed from Johns Hopkins University, today announced positive six-month interim results from its pivotal clinical trial of Lumina™, a revolutionary dermal filler.
Proscia Releases New Version Of Concentriq Dx Enabling Laboratories To Achieve 100% Digital Diagnosis
Proscia, a leading provider of digital and computational pathology solutions, has introduced the next version of its Concentriq® Dx platform for primary diagnostic workflows. The release brings together new features and a compelling user experience to help even the largest laboratory networks transition to 100% digital diagnosis.
WWD
Chanel Backed Biotech Firm Evolved by Nature Gains Major Investment
Evolved by Nature has raised $120 million in Series C financing in a round led by Teachers’ Venture Growth, part of the Ontario Teachers’ Pension Plan Board, and Senator Investment Group, with participation from existing investors including Mousse Partners, Jeff Vinik, The Kraft Group, Roy Disney, Emerald Development Managers and Chanel.
BioBuzz
Proscia Nabs $37 Million in Series C Funding to Advance Digital Pathology Capabilities
With $37 million in new funding, Philadelphia-based Proscia is using computational pathology to advance the ways in which cancer is understood and treated.
Torigen Pharmaceuticals Inks National Distribution Deal with MWI Animal Health
Torigen Pharmaceuticals, Inc, a commercial-stage animal health biologics company, announced today that it has entered into a national distribution agreement with MWI Animal Health, a leading distributor of animal health products and services and a subsidiary of AmerisourceBergen. The agreement will expand access to Torigen’s experimental autologous cancer vaccine for companion animals.
Emerald Development Managers Names Abbe Serphos Operating Partner and Head of Communications
Emerald Development Managers today announced that Abbe Serphos has been appointed Operating Partner and Head of Communications for the firm.
Forbes
As Feds Probe Pharma’s Middlemen, Capital Rx Raises $106 Million For Software-Driven Fix
On Monday, New York-based Capital Rx announced it has raised $106 million in Series C funding led by B Capital Group, which brings the company’s total funding to $175 million since launching in 2017. General Catalyst, Transformation Capital and Edison Partners also participated in the round. The company declined to disclose its post-money valuation.
WATT Fuel Cell Achieves ETL Certification and Continues Moving Towards Commercialization
WATT Fuel Cell Corp ("WATT") announced their new 1500W Imperiumᴿ Solid Oxide Fuel Cell System received ETL certification to operate on either natural gas or liquid propane gas. The system's ETL certification complies to North American safety standards.
TechCrunch
Behavioral Cybersecurity Platform CybSafe Raises $28M Series B Led by Evolution Equity Partners
Last year, U.K. cybersecurity startup CybSafe, a “behavioral security” platform, raised a $7.9 million Series A. It’s now raised a $28 million Series B round led by Evolution Equity Partners with participation from Emerald Development Managers and existing investors IQ Capital and Hannover Digital Investments (HDI) GmbH.
WATT Fuel Cell Achieves Cell Technology Milestone Representing Major Efficiency Gain and CO2 Reduction in its Residential Systems
WATT Fuel Cell ("WATT") announced a technological advancement that dramatically increases the efficiency of its fuel cells and reduces their already minimal CO2 emissions.
Fierce Biotech
BD, Babson Set Sights On Bringing Simple Blood Collection Into the Home
BD is expanding its long-running partnership with the blood collection company Babson Diagnostics, which aims to make taking a high-quality sample in pharmacies, grocery stores or at home as easy as possible.
Iconic Loews Miami Beach Hotel Upgrades to Sustainable Intellihot Hot Water System
Today, Intellihot, the leading clean technology manufacturer creating sustainable solutions for the built environment, announced its partnership with the iconic Loews Miami Beach Hotel to upgrade the hotel’s hot water systems. The innovative iQ1505 Intellihot replaced the previous legacy system of three large boilers and 1,200 gallons of stored water, which will reduce energy waste and the hotel’s carbon footprint while improving cost effectiveness.
WTW Selects Capital Rx as an Innovative New PBM Partner to Join its Rx Collaborative
Largest consultant led pharmacy coalition in the U.S. taps Capital Rx to offer clients flexibility, transparency, and competitive drug pricing.
Proscia and Siemens Healthineers Ink Agreement to Expand Global Reach of Digital Pathology
Proscia®, the leader in digital and computational pathology solutions, today announced a multi-year OEM agreement with Siemens Healthineers. Under the agreement, Siemens Healthineers will expand its Enterprise Imaging offering towards the global digital pathology market using Proscia’s Concentriq® Dx platform.
WATT Fuel Cell Closes Financing Round Led by EQT
WATT Fuel Cell announced today that it has closed a financing round led by EQT Corporation, the largest natural gas producer in the United States, to continue the company's development and commercialization of its solid oxide fuel cell technology.
Intellihot Releases Inaugural Environmental Impact Report
Intellihot — a leading greentech manufacturer working to improve the sustainability of commercial buildings — released its 2022 Environmental Report outlining how its products have already reduced carbon expenditures in the built environment by 6.6 billion pounds.
Fierce Healthcare
CapitalRx Named to Fierce Healthcare’s Fierce 15 of 2022
Capital Rx has been chosen as one of Fierce Healthcare's 2022 "Fierce 15", a selection of the most promising healthcare companies in the industry.
Vogue Business
Meet the Silk Startup Replacing the Chemicals in Beauty and Clothing
Evolved By Nature, the company behind Activated Silk, has raised $70 million in funding with backers including Mousse Partners. A new production facility is to come.
TechCrunch
Intellihot Stokes a More Efficient Fire Under Your Office Boilers
Founded in 2009, Intellihot has been on a mission to make commercial buildings more efficient, by improving the cost and physical footprint of keeping building H2O nice and toasty. The company just announced it raised $50 million to shake up the $81 billion global HVAC market, with plans to expand internationally. The round was led by investors Aegon Asset Management and the Avenue Sustainable Solutions Fund.
Next-Gen Pharmacy Benefit Manager Capital Rx Receives The Startup Weekly’s 2021 Customer Choice Award
Capital Rx, a healthtech company changing the way prescription drugs are priced and patients are serviced, was recently recognized by The Startup Weekly as a recipient of the 2021 Customer Choice Award.
SafeBreach Closes $53.5 Million Series D New Funding to Fuel Momentum
SafeBreach, the pioneer in breach and attack simulation ("BAS"), today announced that it has raised $53.5 million in Series D funding, led by Sonae IM and Israel Growth Partners (IGP), with additional participation from Sands Capital and Leumi Partners.
TechCrunch
Identity Verification Startup Socure Raises $450M at $4.5B Valuation, Adding Tiger Global as New Investor
Socure, a company that uses AI and machine learning to verify identities, announced today that it raised $450 million in funding for its Series E round led by Accel and T. Rowe Price. The round brings the company’s valuation to $4.5 billion, up from $1.3 billion this March when it raised $100 million for its Series D.
Technology Networks
Using Artificial Intelligence To Detect Melanoma
Melanoma is the deadliest form of skin cancer and can be challenging to diagnose. Earlier this month, Proscia released study data in which artificial intelligence (AI) was used to detect melanoma with a high degree of accuracy.
Proscia Announces Artificial Intelligence Breakthrough in Melanoma Detection
Proscia has released study results on new technology that leverages artificial intelligence (AI) to automatically detect melanoma, the deadliest form of skin cancer, with a high degree of accuracy.
Cyware Named “Overall SOAR Solution Provider of the Year” in 2021 CyberSecurity Breakthrough Awards Program
Cyware, the industry's only Virtual Cyber Fusion platform provider, today announced that it has been named the winner of the Overall SOAR Solution Provider of the Year award in the fifth annual CyberSecurity Breakthrough Awards program conducted by CyberSecurity Breakthrough.
Cyware Unveils New ISAC and ISAO Member Threat Intelligence Sharing Capabilities
Cyware, the industry’s only Virtual Cyber Fusion platform provider, today announced new threat intelligence sharing abilities for industry ISACs and ISAOs and their member organizations. The capabilities are driven by Cyware’s Virtual Cyber Fusion platform and its supporting solutions that empower organizations to achieve the end-to-end threat sharing needed for collective defense.
TechCrunch
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.
Forbes
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.
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.
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.
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.
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.
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.
TechCrunch
Cyware nabs $30M to help organizations detect and stop advanced cyberattacks
The funding is being co-led by Advent International and Ten Eleven Ventures.
TechCrunch
Socure Raises $100M at $1.3B Valuation, Proving Identity Verification is Hotter Than Ever
Socure — which uses AI and machine learning to verify identities — announced Tuesday that it has raised $100 million in a Series D funding round at a $1.3 billion valuation.
ArchDaily
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.
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.
TrueFort Adds Lane Bess to Board of Directors
Security Industry Luminary Brings Decades of Strategic Management and Operational Experience to New Board Seat
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.
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
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
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.
HIT Consultant
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.