LifeImage Wraps Up $8M in New Funding

[Updated 12/9/11 at 11:45 am. See below.] LifeImage, a Newton, MA-based startup that develops technology for sharing digital medical images via the Internet cloud, has taken in $8 million in new equity-based funding, according to a document filed with the SEC.

In January LifeImage boosted its Series B financing to $12 million, with money from Stamford, CT-based Galen Partners and Princeton, NJ-based Cardinal Partners. The company’s earlier investors include Long River Ventures, Massachusetts Technology Development Corporation, and Partners Innovation Fund. The newest round of financing came from 13 investors, according to the SEC filing.

LifeImage was started in 2008 with the aim of giving physicians across different locations the ability to share and access diagnostic medical images, which previously lived on CDs in individual hospitals.  In 2010 LifeImage and Hokpinton, MA-based data storage giant EMC (NYSE: [[ticker:EMC]]) announced that they were partnering on a cloud-based storage system, with LifeImage’s software running atop EMC’s “Atmos” cloud storage and computing system.

The company could not comment on the financing at this time, but said it will be issuing an update next week. [Updated at 12/9/11 at 11:45 am]

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.