TigerText, which provides instant messaging applications for the medical industry, receives another $50 million in financing

Release date: 2015-11-13

US time on November 11th, according to foreign media reports, California mobile application developer TigerText, which provides services for the healthcare industry, announced the completion of a new round of financing totaling $50 million. The round was led by Norwest Venture Partners, Invus Group and Accolade Partners, and Shasta Ventures, OrbiMed, and Reed Elsevier continued to vote. After the completion of this round of financing, TigerText raised a total of $79.2 million.

The company offers a secure instant messaging app for iOS and Android, and an API called TigerConnect that integrates secure information into other applications. At the same time, TigerText has been able to extend the functionality of the platform to other platforms, such as desktop computers.

In addition, the company announced that they have added a Low Connection Protocol (LCP) to all products, allowing people to use TigerText even in places with poor network connectivity.

Compared with traditional SMS, TigerText has many advantages, one is security; there is also the ability to set the information death time, the timing disappears on both the sending and receiving devices, and can also remotely erase and manage information on the server side.

Voalte, another communications-focused communications company, also recently announced that its total financing has reached $60 million. It completed a $17 million Series D round of financing in September this year, with investors including Ascension Ventures, Cerner Capital (a subsidiary of Cerner Corporation), and Bedford Funding.

Source: Medical Pulse

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