Allocade Receives $5,000,000 New Funding Round

  • Feed Type
  • Date
    3/25/2010
  • Company Name
    Allocade
  • Mailing Address
    3705 Haven Avenue Menlo Park, CA 94025
  • Company Description
    Allocade, Inc. was founded in 2004 to develop and provide a solution to one of the healthcare industry’s most pressing problems: capacity utilization. The company’s management team includes former top executives from Siemens Medical Systems, Philips Medical Systems, Winster, Acuson Corporation, Sierra OnLine, Stentor and Inzap. The company’s technology team includes the former director and leading computer scientist within the Artificial Intelligence Application Group at NASA Ames Research Center.
  • Website
    http://www.allocade.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The $5 million investment will be used by Allocade to scale to meet the increased demand for its On-Cue™ solution, an efficient dynamic software that is powered by an Artificial Intelligence Engine to help hospital caregivers effectively manage patient flow logistics.
  • M&A Terms
  • Venture Investor
    VantagePoint Venture Partners

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