Venture Capital Dispatch

Venture Capital Dispatch
Welcome to a Medical Battery specialist of the Fluke Battery
Guardant Health Inc. has collected nearly $100 million to expand a service using genomic sequencing to help identify the best therapies for individual patients, Brian Gormley reports for Dow Jones VentureWire. The funding comes amid a push to use genetics to enable personalized cancer treatments. Guardant sequences DNA that tumor cells release into the blood. This can lead oncologists to select a genetically targeted therapy that is likely to work for a particular patient with advanced cancer. OrbiMed Advisors led the Series D round, which adds to the nearly $100 million Guardant raised previously. Existing backers Formation 8, Heritage Group, Khosla Ventures, Lightspeed Venture Partners, Pejman Mar and Sequoia Capital also participated.
Sisense Inc. has raised $50 million for technology that speeds and simplifies the analysis of large, complex data sets so that businesses can make faster decisions. The Series D round was led by Bessemer Venture Partners and included Battery with such as Fluke TiXB Battery, Fluke Ti9 Battery, Fluke TiRX Battery, Fluke TiS Battery, Fluke 215C Battery, Fluke 19XC Battery, Fluke 2X5C Battery, Fluke 435 Battery, Fluke 225C Battery, Contec ECG-1200 Battery, Edan SE-1200 Battery, Contec ECG-1200 BatteryVentures, Draper Fisher Jurvetson, Genesis Partners and Opus Capital.
Sierra Ventures has closed a $170 million fund. San Mateo, Calif.-based Sierra, which made its name with early bets on Intuit INTU -1.61%and Teradata, said it would use the funds to invest in early-stage consumer and enterprise software, as well as connected devices.
C4 Therapeutics Inc. has launched with $73 million in Series A financing and a plan to use a “shock and awe” approach to battling proteins involved in cancer and other diseases. Cobro Ventures led the Series A round, which also included Cormorant Asset Management, EG Capital Group, Kraft Group, Novartis AGNOVN.VX -1.28% and Roche Holding Ltd.
Flatiron Health Inc. has raised $175 million more from corporate and financial investors to expand a cloud-based platform designed to improve cancer care. Roche Holding Ltd. led the Series C round, which also included Allen & Co., Baillie Gifford and Casdin Capital. The New York company raised a $130 million Series B round led by GV, formerly Google Ventures, in 2014.
TangoMe Inc., the company that operates the mobile-messaging service Tango, has named a new chief executive officer months after laying off 9% of its employees. The Mountain View, Calif., company said co-founder Eric Setton, who has been the company’s chief technology officer will succeed Tango co-founder Uri Raz, who becomes executive chairman.
Aver Inc., whose big-data platform is meant to simplify the reimbursement of medical claims by health-insurance companies, has raised $13.6 million in Series B funding. Heritage Group led the round that included Cardinal Health Inc.CAH -2.57%, GE Ventures GE -4.23%, Hearst Health Ventures, and affiliates of NCT Ventures and StartUp Health.
Gem, a blockchain startup, has raised $7 million in Series A funding. Pelion Venture Partners led the round that included Blockchain Capital, Digital Currency Group, KEC Ventures and RRE Ventures.