The San Diego-based company will use the funds to complete development of its next generation product, called the PatientTouch System. It will expand patient safety services beyond mediation error prevention to include protection against hospital-acquired infections and patient falls.
Investors participating in the funding round include TPG Capital, Camden Partners, Valhalla Capital, Psilos Group, Menlo Ventures, American River Ventures, Integral Capital Partners and Shea Ventures.
--Joseph Goedert
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