Babson Diagnostics, an Austin TX-based medical technology company, raised $31M in Series B funding.
The round was led by Emerald Development Managers with participation from Healthineers, Prism Ventures, and Lago Consulting Group.
The company intends to use the funds to expand its laboratory and ecosystem infrastructure, finalize its blood testing solution development, and grow its sales and marketing teams. In conjunction with the funding, Neil Cohen, founder and chairman of Emerald Development Managers, will join Babson’s board of directors.
Originally incubated at Siemens Healthineers and using an innovative collection device developed in collaboration with BD (Becton, Dickinson and Company), Babson has advanced a technological ecosystem that reimagines the entire diagnostic blood testing process. Innovations in collection, sample handling, and analysis enable the company to use small capillary samples to produce a full range of diagnostic test.
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Cyware nabs $30M to help organizations detect and stop advanced cyberattacks
Malicious hacking has become a pernicious and dogged fact of life for more organizations, and it’s a threat that has seemingly grown more complicated and sophisticated over time. One effective approach to tackling that has been collaboration: not just applying an array of services to address the issue, but creating environments to help those building cybersecurity to work better together. Today one of the startups building tools to do just that is announcing a round of funding, underscoring the opportunity and its own growth within that.
Cyware, a New York startup that has created a platform for organizations to build and operate virtual “cyber fusion centers” spaces for people to share threat intelligence, run end-to-end security automation and orchestrate and execute 360-degree threat responses has picked up $30 million in funding, a Series B that it will use to continue growing its business.
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