Navigation Links
Awarepoint Corporation Secures $27 Million in New Financing: Kleiner Perkins Caufield & Byers Leads Round
Date:8/24/2011

SAN DIEGO, Aug. 24, 2011 /PRNewswire/ -- Awarepoint Corporation, the leading provider of real-time location system (RTLS) solutions for healthcare, announced today that it has secured $27 million in Series F financing. New investor Kleiner Perkins Caufield & Byers (KPCB) led the round of financing, which also included participation from new investor Top Tier Capital Partners, and existing investors Cardinal Partners, Venrock, and Jafco Ventures. Awarepoint will use the capital to fuel the company's next stage of growth and drive further adoption of its pioneering aware360Platform.

(Logo:  http://photos.prnewswire.com/prnh/20100127/LA44915LOGO)

Awarepoint's aware360Suite of RTLS-enabled solutions help hospital clients reduce hard operating costs, boost top-line revenues, and increase compliance management and patient satisfaction. Clients have deployed Awarepoint's patented technology and software platforms in the areas of asset management & tracking, rental reduction, temperature monitoring, hand hygiene, emergency, and perioperative departmental workflow and throughput, and enterprise patient tracking and workflow automation.

"Awarepoint delivers innovative technology and software solutions to healthcare providers enabling them to uniquely address escalating costs and compliance challenges, which is why KPCB is so excited to be an investor in the company," said KPCB partner Dana Mead.

"The current investors are thrilled to welcome KPCB to the investor group and board of directors of Awarepoint. We continue to be excited about the growth prospects of Awarepoint and are pleased with the strong execution of the company this past year," said Brandon Hull, general partner of Cardinal Partners and member of the Awarepoint Board of Directors.

"This past quarter saw Awarepoint book more business than all of last year combined and have the highest volume of new client activations in the company's history. We are incredibly pleased with the continued support of our board and current investor group and excited that KPCB has joined the Awarepoint team," said Jay Deady, president and chief executive officer of Awarepoint.  "This round of funding will allow us to continue the major market success achieved during the first half of the year, increase investment in research and development, as well as adding additional client support resources."

About Awarepoint

Awarepoint is the world's leading supplier of real-time location systems (RTLS) that hospitals use to track, monitor, and optimize the utilization and workflow of personnel, patients, and equipment. These proven solutions, on an integrated software and technical platform, with 153 hospital client sites, tracking over 2 million patients each year and over 216,850 asset tags under management, enable clinicians and administrators to improve asset management, operational efficiency, compliance, and patient throughput more easily and cost effectively. For more information, visit www.awarepoint.com.  

About Kleiner Perkins Caufield & Byers

Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed entrepreneurs in more than 500 ventures, including AOL, Amazon.com, Citrix, Compaq, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Sun, Symantec, Verisign, webMD, and Zynga. KPCB portfolio companies employ more than 250,000 people worldwide. More than 150 of the firm's portfolio companies have gone public, and many other KPCB ventures have achieved success through mergers and acquisitions. KPCB focuses its global investments in three practice areas - digital, greentech, and life sciences – and provides entrepreneurs with company-building expertise out of its offices in Silicon Valley, Beijing, and Shanghai. For additional information, visit www.kpcb.com.


'/>"/>
SOURCE Awarepoint Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Awarepoint Announces Management Restructuring and the Opening of Its New Headquarters in the Heart of Downtown San Diego
2. Awarepoint Announces the Big RTLS Music Video Contest
3. Texoma Medical Center Selects Skytron, Powered by Awarepoint, for Their Real-time Location System (RTLS)
4. Awarepoint to Present ZigBee-based Wireless Sensor Networks for Use in Acute Care Hospitals and Beyond at Mobile Health Expo Speaker Session
5. Track Down Awarepoint at AMSUS 116th Annual Meeting
6. Awarepoint Announces RTLS in Healthcare Leadership with 2010 Results
7. Awarepoint Announces First Annual RTLS Customer Conference and User Group Results and Highlights
8. Awarepoint Invited to Present at Cowen & Company 31st Annual Health Care Conference
9. Awarepoint CEO Jay Deady to Serve as Panelist at IBFs Digital Healthcare Innovation Summit
10. Awarepoint to Showcase Industry-leading Real-time Location System (RTLS) at AONE Annual Meeting
11. Awarepoint CTO, Matt Perkins, to Serve as Panelist at CommNexus San Diego Event
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/10/2017)... 2017  Physical Rehabilitation Network (PRN), acquired the long-standing outpatient ... Colorado . The reputable clinic will continue to be ... with his staff of four clinicians. Lipkin received his doctorate ... over 10 years of experience with a strong background in ... marks the 10th PRN clinic in and around the ...
(Date:8/7/2017)... Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), ... Board of Directors has approved the payment of a quarterly ... The cash dividend of ... 27, 2017 to stockholders of record as of the close ... are subject to approval of the Board of Directors and ...
(Date:8/4/2017)... The search for test results that can ... has long been the goal of healthcare providers and ... the largest meeting of lab professionals and IVD firms ... firm Kalorama Information.  The firm said scores of companies ... supplies and software were at the American Association for ...
Breaking Medicine Technology:
(Date:8/20/2017)... ... ... Are you an adult with gluten intolerance or Celiac disease living with ... participating in a research study that focuses on family interactions when dealing with dietary ... aspects of adults who have gluten sensitivities who cohabitate with other adults who may ...
(Date:8/19/2017)... ... August 19, 2017 , ... ... is the first organization with pending recognition status from the Centers for Disease ... via group telehealth classes and live video conferencing. , The DPP resulted ...
(Date:8/19/2017)... ... August 19, 2017 , ... Physician Partners of ... location as an interventional pain management physician. He brings a wealth of pain ... migraine headaches, and significant experience in spinal cord stimulation for chronic pain. , ...
(Date:8/18/2017)... ... August 18, 2017 , ... ... specialized asset-light logistics provider of complex transport solutions for mission-critical and non-discretionary ... Unitrans International Corporation, a division of Roadrunner Transportation Systems, Inc. (NYSE: RRTS). ...
(Date:8/18/2017)... ... ... The Dawn Johnson Insurance Group, a Missouri-based insurance and financial planning firm ... for efforts to educate the local population on cancer realities while attracting donations to ... , Each day in America, roughly 4,600 new cases of cancer are diagnosed and ...
Breaking Medicine News(10 mins):