In the second quarter of 2014, health IT companies raised $1.8 billion in venture capital over 161 deals, more than double the amount raised in the first quarter of this year and the first time the sector has raised more than $1 billion in a single quarter.
Investors keep pouring money into the health IT sector, as evidenced by the following funding announcements:
Sensoria, maker of "smart" clothing capable of gathering and transmitting the wearer's biometric data, has raised $5 million from Italian investors Reply SpA.
Privacy Analytics, a company that anonymizes data for research and other uses, has raised $3.5 million in a funding round led by Vanedge Capital.
Patient engagement platform developer Epion Health has raised $4.5 million in Series A funding from Deerfield Management Company.
LifeNexus has closed Series A funding for its iChip technology, a mobile platform that exchanges health information and analytics between patients and physicians. A dollar amount for the round of funding was not released.
More Articles on Health IT Startups:
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3 Health IT Accelerators With New Classes of Startups