that his company is working to expand its current lab capacity to 2 million tests per year, or more. The company plans to break ground on a new lab facility later this year, Conroy said, according to a transcript of the call on the stock market website Seeking Alpha.
—Madison-based 4490 Ventures, which provides capital to software startups headquartered in Wisconsin and other Midwestern states, led an $8 million funding round in PhysIQ, of Chicago. PhysIQ develops machine learning-powered software that helps users monitor patients and clinical trial subjects.
According to 4490’s website, all of the companies in its portfolio are based in Wisconsin except PhysIQ and Networked Insights, which was founded in Madison in 2006 but later relocated to Chicago.
