Shahab Hassan

1m, a New York City-based data and analytics technology company, has secured $10 million in Series A funding. The financing round comprised $7.3 million in venture funding and $2.7 million from converted securities. Leading the investment was Banner Health, with additional participation from Cleveland Clinic, Stanford Health Care, St. Charles Health System, Carle Foundation, and First Derivative Capital. As part of this investment, representatives from Banner Health and Cleveland Clinic will join 1m's Board of Directors.

Co-founded by former Goldman Sachs healthcare investment bankers Jeff Ellis and Chris Giuliano, 1m has developed a Software-as-a-Service (SaaS) platform designed to assist healthcare systems in managing financial, operational, and regulatory risks. The platform integrates data analytics and monitoring tools into existing risk management workflows, providing timely decision support and anomaly detection.

CoachCare, a New York City-based company specializing in remote patient monitoring (RPM) and virtual care management, has announced an $11 million funding round led by Catalyst Investors. This investment aims to enhance the company's operational capabilities and support its development initiatives.

Founded in 2013, CoachCare offers a comprehensive suite of remote care solutions, including RPM, chronic care management (CCM), and remote therapeutic monitoring (RTM). These services are utilized by healthcare organizations across the United States, collectively supporting over 150,000 patients.

This recent funding follows a substantial $48 million investment in June 2024, led by Integrity Growth Partners and Topmark Partners. Additionally, CoachCare has secured a credit facility with Everberg Capital, providing up to $52 million in debt financing. These financial developments have enabled the company to raise over $110 million in debt and equity capital in 2024, facilitating its growth strategy and offering liquidity to existing equity holders.

Legion Technologies, a company specializing in AI-powered workforce management solutions, has successfully raised $50 million in a funding round led by Silicon Valley Bank. This significant capital infusion aims to support the company’s ongoing innovation efforts and expansion of its advanced technology platform, which has garnered attention for optimizing labor management and enhancing operational efficiency.

The $50 million investment marks a notable milestone for Legion Technologies, reflecting the increasing demand for cutting-edge workforce management solutions in today’s dynamic labor market. The funding was secured through Silicon Valley Bank, a renowned financial institution with a history of supporting tech-forward companies. The involvement of Silicon Valley Bank underscores confidence in Legion Technologies’ vision and potential for growth.

Legion Technologies has established itself as a prominent player in workforce management by leveraging artificial intelligence to address complex scheduling, compliance, and labor optimization challenges. Its platform provides enterprises with tools to predict labor needs accurately, improve employee satisfaction, and reduce operational costs. By integrating advanced AI algorithms, Legion’s solutions enable organizations to manage their workforces with greater precision and agility.

According to the press release, the newly acquired funding will primarily be allocated to advancing the company’s technological capabilities, expanding its product offerings, and scaling its market presence. This aligns with Legion’s commitment to continuously enhancing its platform to meet the evolving needs of businesses across various sectors. The funds are also expected to support the development of new features designed to address emerging workforce trends and regulatory requirements.

Evinced, a company specializing in software solutions for accessible web and mobile development, has announced the successful completion of a $55 million Series C funding round. This latest investment brings the company's total funding to $112 million. The round was led by existing investor Insight Partners, with participation from previous backers M12 (Microsoft's venture fund), BGV, Capital One Ventures, and Engineering Capital. Additionally, Vertex Ventures joined as a new investor in this round.

Since its launch in 2021, Evinced has established itself as a leading provider of tools that enable developers and accessibility professionals to automatically identify, cluster, and track accessibility issues in web and mobile applications. The company's solutions aim to reduce reliance on manual processes, minimize risk, and accelerate time to market for accessibility-compliant products.

The newly secured funds are intended to support Evinced's continued growth and development of its platform. Specific plans for the allocation of this capital have not been disclosed.

Twelve Labs, a company specializing in video understanding technology, has successfully raised $30 million in its most recent funding round. This milestone marks a significant achievement for the firm, which is actively contributing to the evolving artificial intelligence (AI) ecosystem by enhancing the way videos are analyzed and understood.

The funding round underscores the growing importance of advanced video understanding capabilities in the AI landscape. Twelve Labs is known for developing innovative solutions that enable machines to process and interpret video content with remarkable accuracy. These technologies have applications in various industries, ranging from media and entertainment to security and enterprise solutions.

The $30 million investment comes from a group of notable investors. Among the key participants are Radical Ventures, a firm known for its focus on AI-driven companies, and Nvidia, a global leader in AI hardware and software. These investors are joined by other prominent stakeholders, whose contributions emphasize the confidence in Twelve Labs’ technology and vision.