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Tonic Solutions Secures Venture Funding

Thursday, June 16, 2016 5:40:00 AM PDT | VentureDeal



Menlo Park, California  --  Medical data company Tonic Solutions has received $6.4 million in new equity venture capital funding, according to an SEC regulatory filing.

Tonic is developing a platform to enhance the data collection for health information.

The company says that 10 of the top 15 hospitals in the US use its real-time clinical decision support systems.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 11 investors participated in the offering.

Tonic is still seeking $1.6 million in additional equity investment, according to the filing.

The company's Co-founder and CEO is Sterling Lanier, who also founded a market research firm called Chatter.

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PCI - Level1