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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.
“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.
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