• SonarMed

  Participated · Series C · Oct 2017

  SonarMed is a privately held medical device company based in Carmel, Indiana that develops airway-monitoring products for pediatric and adult critical care. Its core product, the AirWave System, is 510(k) cleared for adult and pediatric patients, including neonates. The company’s pediatric sensors incorporate upgraded piezoelectric monitoring technology to address moisture and secretion-related clogging that affects capnography-based sensors. Proceeds from its Series C financing are being used to support a controlled market roll-out, the launch of pediatric products, and continued collection of outcomes data from user case studies. SonarMed also plans to add two new pediatric products to its pipeline within the year. Management cites a $350 million NICU and pediatric market opportunity as part of an overall $1 billion market.

• DialogTech

  Participated · Equity · Sep 2014

  DialogTech provides a call analytics and automation platform designed to optimize the entire sales funnel. Its Voice360™ suite offers applications to control, measure and optimize the impact of phone calls across every stage of the customer lifecycle, from discovery to purchase to retention. The company currently serves over 5,000 global customers, including Uber, Zendesk, Sleep Train Mattress Centers, Experian and Yale University. DialogTech was founded in 2007 and is based in Chicago, IL. The company received a $10M credit facility and intends to use the funds to continue to grow operations and expand its offerings. Ifbyphone builds voice marketing software and sells tools that let marketers and salespeople track incoming calls from search results and advertising campaigns. Its Voice360 platform scores calls and routes them to the appropriate people; the company says new funding will be used to further develop Voice360. The company announced it has almost 5,000 customers. Earlier this year Ifbyphone reported a $9 million Series D; the new funding doubles its total funding to $60 million. Part of the new capital is being used to acquire competitor Mongoose Metrics; financial terms of that deal were not disclosed. Mongoose’s Cleveland office will remain open and Mongoose CEO Brad Reynolds will join Ifbyphone to lead integration, a move CEO Irv Shapiro said creates a market leader in call tracking. Ifbyphone offers products that track and automate calls for marketing, sales, and customer support teams, including interactive voice response and virtual call centers. The company positions itself as giving managers control over voice conversations and associated data. It has nearly 4,000 paying customers and processed more than 200 million phone calls and 600 million minutes as of December of last year. Ifbyphone plans to hire 25 people in the first half of the year, bringing headcount to more than 115. The company has raised funding previously and continues to expand its product and go-to-market efforts. Ifbyphone is a Skokie, IL-based provider of a software-as-a-service voice-based platform that enables customers to manage, measure and automate voice interactions in the marketing process. Its platform supports lead capture, lead nurturing, lead routing and lead analysis. Led by CEO Irv Shapiro, the company serves small-to-medium-sized businesses and plans to build infrastructure to serve mid-market clients as well. Ifbyphone recently received a $2m debt financing commitment to increase capacity and develop new capabilities. The company has also recently received funding from the National Association of REALTORS. No operating metrics were disclosed in the article. Ifbyphone offers a web-based platform that lets companies route, track and automate telephone calls via a public cloud server, enabling features like virtual receptionists, voicemail and phone voting. Developers can build web services against the platform to control every phase of a call through open APIs. The company acquired Cloudvox to gain access to open APIs and tooling for developers to build call‑routing and interactive voice applications. Users can pay for basic services or upgrade for more in-depth analytics and interactive voice features; pricing in the article ranges from $50 to $75 per month. The product targets call centers and enterprises that want to integrate telephony with web applications and analytics. The company is Skokie, Ill.-based and has grown its offering through both product development and acquisition.

• Scale Computing

  Participated · Series D · Oct 2012

  Scale Computing builds hyperconverged infrastructure and edge computing products that virtualize customers’ infrastructure by combining servers, storage, a hypervisor, and backup/data recovery into a single system. Its self-healing platform centralizes management of remote sites via a console that surfaces device health, flags issues, and logs events to simplify operations for distributed IT teams. The company positions its software to replace traditional silos of virtualization, disaster recovery, servers, and shared storage, promising higher resiliency and uptime even with limited local IT staff. Scale claims more than 6,000 customers across North America, Europe, the Middle East, and the Asia‑Pacific region and employs roughly 160 people; revenue figures were not disclosed. Founded in 2007 by Jeff Ready, Jason Collier, and Scott Loughmiller, Scale plans to use new funding to expand its leadership in edge computing through investments in people and R&D and to restructure debt. Management emphasizes cost savings and improved IT confidence for customers as core benefits driving demand. Scale Computing’s core product is the HC3 Edge platform, a hyperconverged, self-healing system built on patented HyperCore™ technology that identifies, mitigates, and corrects hardware and software issues in real time. The HC3 software replaces traditional virtualization, backup, DR, servers, and shared storage to run mission-critical applications in distributed enterprise, retail, and SMB environments with limited onsite IT staff. Scale positions the platform as “set-it-and-forget-it,” reducing local infrastructure management and eliminating the need for multiple third-party products. Recent customer wins cited in the company release include Ahold Delhaize, Genting Group, Jerry’s Enterprises, and Farm Bureau Insurance. Scale reported revenue has more than doubled over the past two years, with retail-sector sales up 4x. The company is pursuing global expansion through a recently announced partnership with Lenovo to reach retailers, distributed enterprises, and SMBs worldwide. Scale Computing delivers hyper-converged appliances that combine storage, servers, and virtualization software in a single, appliance-based system managed as one server. The company’s architecture requires no separate virtualization software licenses and no external storage purchases. Led by CEO Jeff Ready and based in Indianapolis, the company serves over 1,100 customers across healthcare, education, manufacturing, financial services, and government verticals. Scale is expanding its distribution network through partners such as CDW and Dell. The product positioning emphasizes simplicity and reduced component licensing for customers. The company intends to use new capital to develop and launch additional products for global customers. Scale Computing, founded in 2009 and based in Indianapolis, builds the HC3 hyperconverged platform that integrates servers, storage, virtualization and management into a single automated system. The company focuses on the middle-market data storage segment and is described as a pioneer in hyperconvergence. Scale intends to use the newly raised funds to build out sales and marketing and to extend research and development. The announced funding round’s size and instrument were not disclosed; backers included First Analysis, the Indiana University Foundation and prior investors. Scale has previously raised more than $50m from outside investors. The company is led by CEO Jeff Ready, and Craig Nankervis of First Analysis joined the board in conjunction with the financing. Scale Computing builds HC3, a datacenter-in-a-box appliance that combines servers, storage, and virtualization in a single integrated, scalable system. The company emphasizes eliminating ongoing hypervisor licensing fees, leveraging open-source technologies, and simplifying support to reduce cost and complexity versus competitors such as EMC and VMware. HC3 launched in late August and rapidly gained traction, accounting for half of Scale’s Q3 sales and approaching 100 deployments. Scale plans to use new funding to accelerate HC3 growth, continue product development, and launch a partner program later this year. Management sees a large midmarket opportunity, citing over one million U.S. companies that could virtualize for the first time.

• PerfectServe

  Participated · Series C · Feb 2012

  PerfectServe provides a comprehensive, secure communication and collaboration platform for healthcare, anchored by its flagship solution, PerfectServe Synchrony. Synchrony unites physicians, nurses and other care team members across the continuum and automatically identifies and provides immediate access to the right care team member to facilitate timely interaction. More than 100,000 clinicians at organizations such as Advocate Healthcare, Ascension Health, Covenant Medical Group, Hoag, MemorialCare Health System, Orlando Health, St. Joseph Health, and WellStar rely on PerfectServe. The company says it will use the $21 million financing to advance research and development of Synchrony and bring the product’s full set of capabilities to market. Management positions the funding to expand platform capabilities to meet growing demand for secure, communication-driven workflows and to improve care coordination, patient experience, and outcomes. Headquartered in Knoxville, Tennessee, PerfectServe has been serving healthcare provider organizations since 2000. PerfectServe offers a clinical communication platform designed to connect clinicians and push relevant clinical information to the right physician. Led by president and CEO Terry Edwards, the company processes more than 30 million transactions annually. It connects more than 20,000 physicians in health systems and medical practices across 154 U.S. markets. PerfectServe intends to use new funding to expand its national network of services and invest in innovations. The platform is positioned to improve clinician coordination and information delivery across a broad set of care settings.

No current team members are available.