Financial

If the current trend persists, funding for wearable startups will be down sharply after the record-breaking 2014, according to CB Insights.

The company's Healthcare Operating System allows organizations to optimize their resources to deliver quality care by applying Pareto Optimization.

The new funds will help the popular the company add new product features, hire staff, further push growth and enter more markets.

The funds will help the company expand its Persuasion Engine technology, that provides consumers with a digital experience customized to their unique needs.

The company's platform lets letting patients book or cancel their appointments online, and by doing so - reduces waiting times for hospitals and clinics.

The capital will help the company expand to meet demand for its platform, strengthening its position in the emerging patient-centered care coordination market.

Called Health ePeople, the platform will be used to access a large group of volunteers to collect their health data through mobile and wireless technologies.

A total of $4.7 billion has been raised from the start of the year; in comparison, Q3 2014 saw companies raising a comparable sum of $1.89 billion.

The company's platform is designed to deliver personalized care planning, monitoring and communication, while reducing the need for outsourced call centers.

The funds secured from strategic investors will be used for the growth and innovation of the company's flagship solution, PerfectServe Synchrony.