Company

The company has also raised $8 million in a seed round led by Khosla Ventures, with participation from DeepFork Capital and Salesforce CEO Marc Benioff.

The company offers the Asthma Whistle and the accompanying app plus cloud solution that help parents track their child's asthma and prevent exacerbations.

Major healthcare companies have started lining up to announce their commitment to what could easily be the next most popular wearable device in the world.

The platform enables startups to build their devices directly to the Validic marketplace connecting them to healthcare providers, pharma, wellness and payers.

The service is mainly focused on healthcare topics for women of childbearing age, covering topics like conceiving, pregnancy and postpartum issues.

The transaction will strengthen Health Care Excel's commitment to the data analytics market while advancing the company's suite of provider and payer solutions.

A few investors participated in the round, including Kleiner Perkins Caufield & Byers (KPCB), DFJ and previous investor General Catalyst.

The Minneapolis-based company will use the capital to propel its technology and product roadmap to support existing and new market opportunities.

Although impressive, the figure is lower than the first quarter of 2014, which was a record-breaking year for the industry; M&A activity is at all-time high.

Weilos runs a social media platform for people to talk about their weight loss and fitness goals, track their food intake, and share selfies of their progress.