CEO: Albert Santalo
New Funding: $20 million
Backers: Tenaya Capital, Intel Capital, Norwest Venture Partners
CareCloud, which develops cloud-based practice management, electronic health records (EHR) and medical billing software and services, intends to use the added investment toward a variety of cross-functional activities, particularly product development as well as sales and marketing. The company reports that its platform is currently used by nearly 3,000 healthcare providers in 45 states.