Thursday, October 2, 2014

NantHealth Raises $320M Funding Round

In what looks to be the largest funding round for Southern California in a very long while, Los Angeles-based NantHealth, the life sciences and technology firm started by billionaire Dr. Patrick Soon-Shiong, said Wednesday that it has raised a total of $320M in it Series B funding. The company said the round closed with a $250M investment from the Kuwait Investment Authority (KIA). As part of the funding, the company said it has appointed a number of executives to its team, including naming Steve Curd as its Chief Operating Officer, Laura Beggrow as EVP, Commercialization, and Scott Holbrook to its board. Curd is the former COO of WebMD, Beggrow the former President of Strand Diagnostics, and Holbrook is the co-founder of KLAS. NantHealth is focused on using data science and technology with healthcare management tools. More information »

---