Top 10 Recent South Florida Tech Investments
Written by wyncode on 10th April 2014, 11:38 AM
Go to coding school Miami! Great ideas are free, but making them a reality isn’t always cheap. Luckily with high risk, there’s high potential.
That’s why Venture Capital is the lifeblood of the tech industry. And South Florida is home to some of the brightest minds, fattest wallets, and best new ideas. Recently, the confluence of investors, startups, entrepreneurs, foundations, incubators, talent, and successful launches have created a mini boom in tech investment.
Here are the top 10 recent South Florida tech investments.
10. Live Ninja – This Miami based live video-chat solution for businesses to connect in real time with their customers through their website has been featured on TechCrunch, received $500,000 from an undisclosed private investor, was announced at The Atlantic’s Startup Cities conference, and had previous investment bringing them up to over a million.
9. Depositphotos Inc – This company is based in Ft Lauderdale and saw a $3 million investment in their royalty free stock photo, vector image, and video archive. They offer mobile photo sales opportunities for users, a global distribution network, and pay as you go, subscription and other transaction models.
8. Virtual Works – This Boca Raton software company netted $8.5 million in series A funding for their work in enterprise level scanned document indexing, metadata, and searchability. They make it so that a business or organization can catalog and search within the context of their scanned documents as opposed to just static titles. They also offer collaborative intranet solution for document sharing.
7. Tissue Tech – They raised $10 million from Ballast Point Ventures including $5 million from River Cities Capital Funds in a $10 million round of equity growth financing for their specialty in “amniotic membrane and umbilical cord-based tissue and device products.” They are one of the industry’s leading innovators in growing human biological tissue for use in treating eye problems and have been since starting with Bio Tissue in 1997.
6. CareCloud – Raised over $56.4 million, which was the third biggest investment in the software industry in Florida. They are a cloud based Electronic Health Records solution for doctors to manage everything from appointments and scheduling to health record accessibility across devices at any time. They are focused on financial success management for doctors. Using custom dashboards, a variety of tracking metrics, social integration, and bookkeeping to create a total business ecosystem for their clients.
5. OpenEnglish LLC – This live video education program uses native English speakers to teach anyone anywhere around the world how to speak English 24 hours a day, 7 days a week. The company received a $65 million investment to make this possible. Their virtual classrooms offers students the ability to interact with their teacher and each other in real time over video.
4. Ortho Sensor –This biomedical device manufacturer in Sunrise, FL achieved $72 million in investment funding. They specialize in manufacturing bio-sensors measuring lifetime-data of implanted orthopedic devices. Basically your prosthetic hip or knee replacement will use internal sensors to track the conditions within your body and create detailed reports for customers and doctors to read and analyze.
3. Open Peak – This Boca Raton mobile-innovation company has raised $145 million for its enterprise level “bring your own device” solution for workplace business data. The company makes it so that workers can use their private mobile devices safely in and out of the office. They have created a system that controls virtual workspace profiles separating “home” from “work,” and integrating the security protocols, app management, and device control that make it work.
2. Terremark Worldwide Inc. – This company was sold to Verizon in 2011 for $2 billion, but before this happened, the company was able to raise and invest $275 million into the business. They route a vast amount of the internet data that flows between the United States and Latin America and Brazil
1.Mako Surgical – This surgical device manufacturer is a robotic knee and hip replacement specialist. In 2008 they received $40 million in post IPO equity funding, and at the end of 2013 Mako was acquired by Stryker corp for $1.65 billion. Their surgical solutions include their patented Robotic Arm Interactive Orthopedic System .
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