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:10/11/2017)... Texas , Oct. 11, 2017  True ... services, has amplified its effort during National Breast ... about hereditary cancer risks. ... of Clinical Oncology calculated that more than 10 ... have inherited mutations in BRCA1 or BRCA2 and have ...
(Date:10/5/2017)...  In response to the nationwide opioid epidemic, ... (AAOMS) released prescribing recommendations that urge ibuprofen – ... a first-line therapy to manage a patient,s acute ... Recognizing the value and importance of the ... Acute and Postoperative Pain Management" stresses that practitioners ...
(Date:10/2/2017)... Oct. 2, 2017  Eli Lilly and Company (NYSE: ... for the third quarter of 2017 on Tuesday, October ... on that day with the investment community and media ... The conference call will begin at 9 a.m. Eastern ... a live webcast of the conference call through a ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... 2017 , ... The American Board of Family Medicine's (ABFM) Board of Directors ... Officer, succeeding Dr. James C. Puffer upon his retirement. Dr. Newton will serve in ... retirement at the end of 2018. Upon assuming the role of President and CEO ...
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... PurhealthRX ... CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil will ... and providing a CBD form that can be easily incorporated into liquid products, while ...
(Date:10/13/2017)... ... October 13, 2017 , ... Lori R. Somekh, founder of the Law ... organization of elder law and special needs planning attorneys. “Membership in ElderCounsel helps our ... a forum to network with elder law attorneys nationwide,” said Somekh. , ...
(Date:10/13/2017)... ... October 13, 2017 , ... Many families have long-term insurance that covers care ... have a waiver for care if the client has a cognitive impairment diagnosis. ... for care, is often waived, so the benefits from their insurance start immediately,” said ...
(Date:10/13/2017)... ... ... Ellevate Network, the leading network for professional women, brought together some of ... their inaugural Summit in New York City in June. The event was livestreamed with ... 3 million. To watch the Mobilize Women video, click here . , ...
Breaking Medicine News(10 mins):