New Jersey based asset management platform Nuvolo has raised $10m in Series A funding led by GE Ventures. Nuvolo provides software to help health care providers, life sciences organizations, and pharmaceutical manufacturers better manage their assets.
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Nuvolo raises $10m Series A
“The largest investment in health care is in medical equipment and facilities,” wrote Nuvolo CEO Tom Stanford, in an email to VentureBeat. The Jersey City, New Jersey-based startup built a cloud-based service on top of ServiceNow to help health care providers and manufacturers manage assets, like medical devices and laboratory equipment. Nuvolo offers a software as a service (SaaS) priced on a per user, per month basis — the contract is a three-year agreement, paid annually. Stanford claims to manage more than 3,550 hospitals and 5.5 million enterprise assets in the U.S., Canada, and Europe.
