InfoBionic closes the 2nd tranche of its $17 million Series B financing, attracting interest from Excel Venture Management and a Blue Cross Blue Shield subsidiary.
An investment subsidiary of Blue Cross Blue Shield of Massachusetts signed on for the 2nd tranche of InfoBionic's $17 million Series B financing. The Lowell, Mass.-based startup plans to use the cash infusion to commercialize its cloud-based remote patient monitoring system in the U.S. and Europe.
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