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The round came from Redmile Group, Claremont Creek Ventures, as well as earlier investors in the firm. The company said the new funding will go towards commercialization of its platform, which it is targeting at autoimmune and immunoassay applications. said this morning that it has raised $11.8M in a Series B financing round.
In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking. How did the new fund come about? We also did a company in Northern California, Weoutta, which is a consumer app for making future plans, which is built on top of a pretty robust data platform.
We're in talks with a couple of agencies where we will provide an independent rating system, where they will go through the content, and we'll pay them to do that as part of our funding, and rate each script. You mentioned funding--you're raising a round? The funding is a requirement to get to the next step.
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