Glassbeam Raises $10M For Data And Predictive Analytics Platform, Expanding Into Smart Hospital Ecosystem

Glassbeam, Inc., a pioneer in machine data analytics for connected medical equipment, today announced that it raised $10M in a Series B funding led by Appian Way Asset Management, along with a strategic investment from one of its flagship healthcare accounts, MultiCare Health System. The proceeds of this financing will be used to scale up global commercial infrastructure including sales and marketing and product and customer success in order to meet the demands of the multi-billion dollar connected medical machine market. In addition, the company will utilize proceeds to refine and expand its offering to include additional analytical capabilities sought by the market.