Nuvolo, a Jersey City, NJ-based enterprise asset management (EAM) company, raised $10m in Series A funding.
The round was led by GE Ventures with participation from New Enterprise Associates (NEA) and ServiceNow Ventures.
The company intends to use the funds to accelerate global expansion plans and increase investments in innovation, sales and customer success.
Founded in 2013 and led by Tom Stanford, CEO, Nuvolo provides a cloud-based enterprise asset management (EAM) platform – built on ServiceNow – used by healthcare, life sciences and regulated manufacturing industries.
The platform is responsible for managing more than 5.8 million clinical devices across more than 3,125 healthcare providers and 3,750 service workers utilizing its EAM platform.
Nuvolo also has offices throughout the U.S. and internationally in London and Pune, India.