Thursday, May 24, 2018
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OM1 Secures $21 Million in Series B Financing

Health outcomes and technology company OM1 raised a Series B financing round of $21 million led by Polaris Partners, with participation from existing investors General Catalyst and 7wire Ventures.

Using standardized health information and artificial intelligence technology, OM1 is designed to gather, synthesize, and leverage big clinical data and registries to help customers understand, compare, and predict health outcomes. According to the company, customers use the OMView™ RA system to access real-time comparative treatment outcomes across major biologics and biosimilars in rheumatoid arthritis, providing invaluable insights and evidence for decision-making.

OM1 plans to use the funding to continue the buildout of its intelligent, data-driven solutions.


Outreach Raises $65 Million In Series D Funding

Customer engagement platform Outreach raised $65 million in a Series D financing round led by Spark Capital, Sapphire Ventures, and existing investors DFJ Growth, Four Rivers Group, Mayfield, MHS Capital, Microsoft Ventures, and Trinity Ventures, bringing Outreach’s total funding to $125 million.

Outreach’s customer engagement platform provides revenue teams—from sales development representative to account executive to customer success manager—with a system for managing and automating interactions throughout the customer lifecycle. It also uses analytics and machine learning to record data about each interaction. Its new program, Amplify, uses machine learning to scientifically test, measure, and optimize sales team performance while also automating non sales-related tasks.

Outreach plans to use the new financing to accelerate product development, with a specific focus on machine learning and extending the platform beyond the sales team to every customer-facing role.

Maintenance Software Fiix Closes $12 Million in Series B

Fiix, formerly Maintenance Assistant, raised $12 million in Series B funding. The investment follows two years of growth and was led by BuildGroup, an Austin-based private investment firm that led Fiix’s Series A in 2016.

Fiix is a SaaS-based maintenance and asset management software provider designed to help businesses implement preventive maintenance strategies to increase production and decrease unplanned downtime—essential factors for North American manufacturers to remain competitive in the face of globalization.


Cloud-Based Project Management Startup Secures $2.3 Million

Viewpath, Inc., a provider of cloud-based project management solutions, closed a $2.3 million seed funding round led by WestRiver Group with participation from existing investors.

Viewpath enables organizations to build and deploy comprehensive project plans, perform sensitivity analysis against program variables, and appropriately assign available, qualified resources to ensure projects are completed on-time and on-budget. In addition, Viewpath is fully integrated with both ServiceMax’s Work Order and Salesforce’s CRM solutions, allowing companies across a number of industries to access and update their project and resource plans directly without ever leaving these platforms.

Okera Closes $12 Million in Series A Funding

Okera launched out of stealth mode with $12 million in Series A funding led by Bessemer Venture Partners. Existing investors Felicis Ventures and Capital One Growth Ventures also participated in the round.

The company’s first product, the Okera Active Data Access Platform, addresses the gap in data management across heterogeneous data stores and formats by providing data consumers, owners, and stewards a unified platform without compromising on governance or compliance. Unlike traditional data management approaches that either restrict access in the name of security or leave data open in the name of innovation, Okera is designed to allow data teams to actively manage access to data with fine granularity in a flexible and agile manner, with detailed visibility into how the data is being used.

Music Industry Tech Platform Closes Series B Financing Round

TuneGO® Inc., a technology platform designed to connect artists with music and entertainment companies, completed a Series B financing round of $7.7 million led by private equity firm Falcon Capital.

TuneGO plans to use the proceeds to enhance its technology platform and global infrastructure, increase the size of its engineering team, invest in user growth, and continue to expand into new international markets, particularly in Asia.


Bestow Raises $15 Million in Series A Financing

Consumer life insurance platform Bestow Inc., closed $15 million in Series A funding led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures.

The company believes that less than 44% of households have individual life insurance, yet 85% of consumers recognize the need for it. Bestow is designed to introduce consumers to life insurance products in a full stack approach delivered in a fully digital experience. Powered by a proprietary algorithmic underwriting engine, Bestow leverages predictive analytics to determine risk and give consumers access to comprehensive life insurance solutions without working with an agent, lengthy applications, or medical exams.

Iora Health Gains $100 Million in Series E Financing

Iora Health, a high-growth, value-based primary care provider with a focus on Medicare patients over 65 years of age, secured $100 million in Series E financing funded by global investors including .406 Ventures, Devonshire Investors, F-Prime Capital, Flare Capital Partners, GE Ventures, Humana, Khosla Ventures, Polaris Partners, and Temasek.

According to the company, Iora Health serves patients across the country with a high impact, relationship-based care model that is proven to improve health outcomes and reduce costs. Care teams, made up of a provider, health coach, behavioral health specialist, team nurse, clinical team manager, and an operations assistant, work together to treat the whole person.

Iora plans to use the funding to drive further investment in Chirp, its proprietary collaborative care technology platform designed to enable Iora’s teams to care for their patients as individuals and as a population.


Pavilion Data Announces New Product and Funding

NVMe-oF storage technologies provider Pavilion Data Systems revealed what it calls the industry’s first NVMe-oF storage array for rack-scale modern applications. Pavilion’s purpose-built platform is designed to provide direct-attached storage with the flexibility, manageability, and economics of shared storage for modern rack-scale applications.

Pavilion Data Systems also announced its second round of funding, bringing the company’s total funding to $33 million. The round included participation from new investors Korea Investment Partners and DAG Ventures, as well as existing investors Kleiner Perkins Caufield & Byers, Artiman Ventures, and SK Telecom.

The company plans to use the financing to expand its global customer base, increase its product offering, and accelerate its sales and marketing efforts.

AI-Based Real Estate Assistant Raises $20.5 Million in Series B

OJO Labs acquired $20.5 million in Series B funding. Investors in the round consist of a unique combination of real estate brokerage, financial, and home service leaders including Realogy Holdings Corp., Royal Bank of Canada, Northwestern Mutual Future Ventures, and ServiceMaster.

According to the company, OJO is the only AI-based assistant that can understand a user’s intent and preferences to answer real estate related questions. Used by real estate agents and brokerages, OJO is designed to provide 24/7 on-demand help to consumers with questions, home search needs, and mortgage information. By engaging consumers over time, OJO gleans key insights that it shares with real estate agents.

With this latest round of funding, OJO Labs plans to focus on growing its product, data science, and engineering teams.

OncoNano Closes $11.7 Million Series A Financing

OncoNano Medicine, Inc., closed a $11.7 million Series A financing transaction arranged by Salem Partners, who also participated as a principal investor. The Series A funding supplements a $6 million grant previously received from the Cancer Prevention and Research Institute of Texas .

OncoNano uses pH variability, a robust biomarker, to detect and treat diseased tissue. By targeting pH, a clear delineation between diseased and healthy tissue can be digitized to develop a broad range of targeted applications.

The company plans to use the funding to support continued clinical development of a new class of pH-activated compounds that digitalize and exploit the variability of pH in disease indications such as cancer.


Online Notary Public Platform Raises $20 Million

Notarize, a notary public platform allowing any person or business to get their documents legally notarized online, closed a $20 million funding round led by Boston-based Polaris Partners, with participation by Lennar Corporation, Peter Thiel’s Founders Fund, Fifth Wall Ventures, Second Century Ventures, the venture arm of the National Association of Realtors (NAR), and a subsidiary of Realogy Holdings Corp.

According to the company, it focuses on the real estate industry with Notarize for Mortgage and Notarize for Title Agents, enabling real estate professionals to execute a breadth of closings online, such as buying or selling a home, refinancing a property, or executing a lease.

Notarize plans to utilize the funding to integrate with additional lending partners.