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GoBalto Raises $12 Million In Series B Financing

[Techtaffy Newsdesk]

GoBalto has closed a $12 million round of venture financing, led by EDBI, the global investment arm of Singapore’s Economic Development Board, with participation from new investor Qualcomm Life Fund, a $100 million investment allocation that is managed by Qualcomm Ventures. This round also includes existing investors Aberdare Ventures, West Health Investment Fund, and founding CEO Jae Chung . The new round of funding brings goBalto’s total financing to $21 million.

The company says it plans to use the funds to develop new product capabilities.

GoBalto develops next-generation, cloud-based solutions that simplify how clinical trials are conducted in the pharmaceutical, biotechnology, and medical device industries.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.