Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...| By Business Wire | Article Rating: |
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| November 28, 2012 01:05 PM EST | Reads: |
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Ginger.io, the behavioral health analytics startup, today announced a $6.5 million Series A funding round led by Khosla Ventures. Existing seed investors True Ventures and Romulus Capital also participated. Ginger.io is uniquely positioned to take advantage of the need for proactive population management, which has been highlighted by recent healthcare legislation. The company’s platform provides a 'check-engine light' for a person’s health in the form of an alert that can be sent to a provider, caregiver or individual.
Drawing on research from the MIT Media Lab, Ginger.io’s mobile application uses an individual’s smartphone to identify changes in behavior that correlate with his or her health. The company is evaluating its system across a number of key conditions including depression, diabetes and cardiovascular disease to demonstrate that it can reduce costs and improve the quality of care. The latest version of the Ginger.io platform, released earlier this fall, provides both a provider team and a patient with health insights based on that person’s behavior.
“We are at a time of great disruption in healthcare,” said Vinod Khosla, founding partner of Khosla Ventures. “Ginger.io is at the forefront of data-driven technology and healthcare, with the potential to transform the way we manage chronic disease populations, and we’re excited to help the Ginger.io team drive this transition.”
Jon Callaghan, a founding partner of True Ventures, added, “Ginger.io is exactly the kind of mission-driven company we love to work with at True. We were Ginger.io’s first institutional investor back in 2011, and we are thrilled to continue to support them in this round.”
This financing is the capstone on a year of growth for Ginger.io. Since raising its seed round just over a year ago, the company has expanded, absorbed the Rock Health startup Pipette, and opened a San Francisco, California office in addition to its Cambridge, Massachusetts location. It has launched a number of important partnerships, including Cincinnati Children’s Hospital’s Chronic Collaborative Care Network (C3N), and Carolinas-based hospital system Novant. The company has also received industry recognition for applying its platform to supporting individuals living with chronic conditions and their family member caregivers, with awards from Sanofi’s 2011 Data Design Diabetes contest and Janssen’s 2012 Alzheimer’s Challenge.
“We’ve had a tremendous influx of interest from providers and patients over the last year,” said Anmol Madan, CEO of Ginger.io. “This additional capital will help us scale the team and product, and further our mission of changing how patients are supported away from the doctor’s office.”
Ginger.io is actively hiring for engineering and business development roles, in both Boston and San Francisco. To learn more about employment opportunities at Ginger.io, visit: http://ginger.io/join-us/.
Ginger.io is also actively recruiting individuals living with Diabetes, Congestive Heart Failure (CHF) and Crohn’s & Ulcerative Colitis to help accelerate the development and deployment of the Ginger.io system by becoming early adopters. More information about signing up is available here: http://ginger.io/contribute-to-science/.
About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in breakthrough technologies in clean energy, mobile, IT, cloud, big data, storage, health, food, agriculture and semiconductors. Vinod Khosla founded the firm in 2004 and was formerly a General Partner at Kleiner Perkins and co-founder of Sun Microsystems. Khosla Ventures is based in Menlo Park, Calif. More information is available at http://www.khoslaventures.com.
About True Ventures
Founded in 2006, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With three funds and approximately $600 million in capital under management, True provides seed and Series A funding to the most talented entrepreneurs in today’s fastest growing markets. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. More information is available at trueventures.com.
About Ginger.io
Ginger.io is a behavior analytics company that aims to improve the world’s health through new data insights. A spin out from the MIT Media Lab, Ginger.io is backed by Khosla Ventures and True Ventures and is an alumnus of Techstars Boston. Ginger.io is currently working with leading US healthcare institutions, has won industry awards for Diabetes and Mental Health, and has been featured in the Economist, New York Times, and Businessweek. The company has offices in Cambridge, MA and San Francisco, CA. For more information, go to http://ginger.io/ or contact hello@ginger.io.
Published November 28, 2012 Reads 540
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"Since Cloud Expo is running the week of June 10, we thought it'd be a great idea to schedule our Meetup this week. That way, if you have colleagues, friends, or family in town that week for the Expo, you can invite them to join you!" With those words, the OpenStack New York Meetup Group's organizer's launched a landing page this week where anyone interested can register for the June 12 evening event.
Organizations want extraordinary results from their IT units. Today's mantra is faster delivery, better quality, cheaper solutions, and safer environments. Many CIOs are implementing cloud computing enterprise architectures to address these challenges with results varying greatly. Why are some organizations seeing only limited results from cloud computing implementations while others are increasing market share, decreasing costs, generating value, and innovating faster?
“Big Data analytics will shape the form of nearly every process going forward in time, from the color of the latest fashions, what the candidates say in one town versus another to the chemical composition of the latest super drug,” noted Steve Knodl, Director of Product Management at NextIO, in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “Whether these are considered “new” products,” Knodl continued, “or continuous improvement on previous processes is largely in the eyes o...
In an ideal developer/systems administrator’s world, most applications would deploy seamlessly to multiple platforms and scale elastically with minimal effort bringing the unprecedented agility of the cloud within immediate reach of developer teams and IT organizations.
OpenStack, a RackSpace and NASA initiative, is now managed by an independent foundation and is supported by multiple vendors. It defines APIs for compute, storage, networking, services, monitoring, and additional infrastructure...
Everyone is virtualizing, but are they realizing any of the promised savings? This overview of IBM's new virtualization optimization solutions will show you how integrated Cloud Solutions like SmartCloud Provisioning and SmartCloud Monitoring can deliver the savings virtualization promises.
Organizations are using intelligent management and analytics to provide the insight needed to optimize their virtualized infrastructure and dramatically improve availability, reduce data storage footprint...
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Cloud Expo/Big Data Expo delegates will learn how the Hadoop framework and SSD technology augment cloud data systems ranging from analytics to on-line transaction pro...
One of the most compelling promises of the cloud is that you can pull out a credit card and be working in minutes. No purchase orders to fill out, no equipment to wait for on the loading dock. Just instant access to the resources you need, when you need them. But accessibility comes at a price, and an unintentional consequence may be that you create yet another orphaned identity silo. Enterprise IT has spent years consolidating its mishmash of directories, only to discover that cloud now threate...
SYS-CON Events announced today that Wowrack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...
As enterprises deploy private IaaS clouds into production they are reevaluating their future application delivery models. SUSE and WSO2 believe that private PaaS will leverage the automation and scalability of Private IaaS solutions, such as OpenStack-based SUSE Cloud, to deliver the secure, standardized development environments that will make migrating to an agile, serviceoriented delivery model possible.
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