Flatiron Health secures $175m funding round

Flatiron Health

Flatiron Health, a cloud-based oncology software provider, has raised a Series C round of funding worth $175 million. Roche led the round, with participation from Allen & Company, Baillie Gifford and Casdin Capital. “Since starting Flatiron Health in 2012, we have focused on building the most advanced, cloud-based oncology software platform to enhance the quality and value of patient care,” said Nat Turner, co-founder and chief executive officer, Flatiron Health. “Today marks a major step forward for our company. Leveraging our leading OncologyCloudTM platform, and in partnership with a thriving Flatiron Provider Network, we now have the foundation in place to empower providers amidst an evolving reimbursement landscape and strengthen our core offerings. Our company was founded to fight cancer with technology, and we see ourselves supporting this fight as an independent company for many years to come.”

Toast, a restaurant point-of-sale company, has closed a $30 million Series B financing round led by Bessemer Venture Partners. The round also featured GV and private investors. The company will use the funds to hire new employees and develop its products. “We have the opportunity to dramatically improve the restaurant experience through technology, and our customer traction to date shows the industry is ready for a new solution,” said Chris Comparato, Toast CEO. “We’ve been growing 4X year-over-year and are excited to continue investing in great people, great products, and great customers.”

Predictive analytics platform RapidMiner has closed a $16 million financing round. NPG, a new investor, led the round, with participation from previous backers Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners and Open Ocean Capital. “Legacy predictive analytics approaches have become a barrier to swiftly meeting organizations’ needs for fast insights and action. RapidMiner’s cutting-edge predictive analytics platform empowers data science teams to deliver and operationalize predictive decisions faster than ever before,” said Peter Lee, CEO and president at RapidMiner. “Our platform streamlines the predictive analytics lifecycle and opens up advanced analytics to citizen data scientists. The new funding will allow us to leverage the strength of the product, further invest in sales and marketing, and greatly accelerate our momentum.”

Greenwave Systems, an Internet of Things software and managed services leader, has raised $45 million in Series C financing in two phases. EDBI led the first phase, and Singapore Technologies Telemedia led the second, and majority portion, phase of the round. “IoT and M2M are spaces that are really starting to hit their stride,” said Martin Manniche, founder and CEO at Greenwave Systems. “Service Providers are beginning to realize the vast potential of IoT and M2M, and they want to seize the opportunity to deliver managed services for networking, media, control and monitoring. Our Greenwave360® business model helps customers speed up their time to market, drive down operating expenses, and enhance both service levels and customer satisfaction. Our AXON Platform is helping them monetize their network infrastructure and build profitable managed services.”