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, g
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