LifeImage Wraps Up $8M in New Funding
[Updated 12/9/11 at 11:45 am. See below.] LifeImage, a Newton, MA-based startup that develops technology for sharing digital medical images via the Internet cloud, has taken in $8 million in new equity-based funding, according to a document filed with the SEC.
In January LifeImage boosted its Series B financing to $12 million, with money from Stamford, CT-based Galen Partners and Princeton, NJ-based Cardinal Partners. The company’s earlier investors include Long River Ventures, Massachusetts Technology Development Corporation, and Partners Innovation Fund. The newest round of financing came from 13 investors, according to the SEC filing.
LifeImage was started in 2008 with the aim of giving physicians across different locations the ability to share and access diagnostic medical images, which previously lived on CDs in individual hospitals. In 2010 LifeImage and Hokpinton, MA-based data storage giant EMC (NYSE: EMC) announced that they were partnering on a cloud-based storage system, with LifeImage’s software running atop EMC’s “Atmos” cloud storage and computing system.
The company could not comment on the financing at this time, but said it will be issuing an update next week. [Updated at 12/9/11 at 11:45 am]