Awarepoint Raises $9M

San Diego-based Awarepoint, a developer of enterprise, real-time location systems for the hospital market, has raised $9M in a financing round, the firm has announced. According to Awarepoint, the funding came from Cardinal Partners, Jafco Ventures, and Venrock as well as Silicon Valley Bank. The firm said the new funding brings its total raised to $20M in 2010. Awarepoint said the funding will go towards sales and marketing efforts, as well as to expand its client engagement teams. Awarepoint is headed by Jay Deady. socalTECH had earlier reported on a partial funding in the round, based on a regulatory filing. More information »