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Awarepoint Gets $27M Capital Infusion

Awarepoint Corp., a San Diego firm that makes hardware and software to help hospitals track assets and patients, said Aug. 24 that it obtained $27 million in venture capital financing led by new investor and Silicon Valley heavyweights Kleiner Perkins Caufield & Byers; Top Tier Capital Partners; and existing investors, Cardinal Partners, Venrock and Jafco Ventures.

Awarepoint said it will use the additional funding to fuel the company’s next stage of growth and drive further adoption of its pioneering aware360 platform.

Without revealing any figures, the company said it booked more business in the last quarter than all of last year with the highest amount of new client activations in the company’s history.

— Mike Allen

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