Avizia Closes Equity Financing Round

Avizia, Inc., a Reston, VA-based provider of telemedicine solutions, closed an equity financing round of undisclosed amount.

The round was led by NextGen Angels with participation from Blu Venture Investors and Middleland Capital. In conjunction with the funding, Edward Kennedy, CEO and president of Tollgrade Communications, joined Avizia’s board of directors.

The company intends to use the funds to expand its sales channels, extend its product line, and grow market awareness.

Led by CEO Mike Baird, Avizia connects medical experts across distance through telemedicine solutions. Supported by Cisco technology, Its solution includes telemedicine devices, workflow management software, store-and-forward capabilities with EHR integration and a line of peripherals, such as digital stethoscopes and examination cameras.
The company, which recently established a commercial banking relationship with Silicon Valley Bank, has more than 200 customers in over 20 countries worldwide.



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