Awarepoint, a provider of real-time location system (RTLS) solutions for healthcare, has announced a significant $27M series F round of new funding led by Kleiner Perkins Caufield & Byers.
The company’s platform, aware360°, is a suite of RTLS solutions aimed at helping hospital clients reduce hard operating costs, boost top-line revenues, and increase compliance management and patient satisfaction. The company’s patented technology and software platforms have been implemented 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.
The company says its solutions are enabled at over 150 hospital client sites — tracking over 2 million patients each year and over 216,850 asset tags to date. The company said it will use its new cash infusion to fuel development and adoption of its platforms even further.
“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.”