In the second quarter of 2014, health IT companies raised $1.8 billion in venture capital over 161 deals, more than double the amount raised in the first quarter of this year and the first time the sector has raised more than $1 billion in a single quarter.
Investors keep pouring money into the health IT sector, as evidenced by the following funding announcements:
1. Proteus Digital Health, maker of sensors that are ingested with medicine and then transmit information to external devices, has raised an additional $52 million, bringing the company's total funding to $172 million.
2. Pediatric mobile weight loss app Kurbo Health has raised $5.8 million in a funding round.
3. PhysIQ, which uses technology developed at the Argonne National Laboratory to help physicians keep tabs on patient vitals and detect changes, has received $4.6 million in venture capital funding.
4. Ludi, a platform that aims to help hospitals track physician hours and approve payment, has received $1 million in venture capital funding.
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