Awarepoint Corporation, a provider of real-time location systems (RTLS) for U.S. hospitals, has raised $10m of expansion capital.
The round was led by JAFCO Ventures, with participation from existing investors, Cardinal Partners and Venrock Associates.
The capital infusion will be used to accelerate Awarepoint’s development of new technology, products and client success capabilities.
Awarepoint Corporation offers location, status, condition and movement visibility of both equipment and people, allowing for real-time remote monitoring of critical resources in hospitals.
The company is headquartered in San Diego, California and serves hospitals across the United States through a distribution partnership with Skytron, a nationally recognized medical equipment sales and distribution company.