Life Image, a Newton, MA-based firm, has apparently found more investment to support its business of providing software for the exchange of digital medical images via the Internet cloud. The firm told the Boston Globe’s Scott Kirsner that it has boosted its Series B round—which Xconomy first reported in September—to $12 million with investments from Cardinal Partners of New Jersey and Galen Partners, of Stamford, CT. Galen appears to be the startup’s newest backer. The firm’s previous investors include Long River Ventures, Massachusetts Technology Development Corporation, and Partners Innovation Fund. The Globe writes that the three-year-old firm has now raised a total of $17 million.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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