Nuvolo Closes $10 Million Series A Financing

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Nuvolo, a cloud-based enterprise asset management (EAM) company, recently announced $10 million in Series A funding. GE Ventures led the round with participation from seed round investors New Enterprise Associates (NEA) and ServiceNow Ventures. The financing will accelerate the company’s global expansion plans and substantially increase investments in innovation, sales and customer success.

“Nuvolo is a disruptive technology that is delivering previously unachievable improvements in enterprise service management for our customers,” said Tom Stanford, CEO of Nuvolo. “We are leading the industry by transforming the way that organizations manage, track, maintain and measure their enterprise assets, work spaces, facilities and suppliers.”

Built on ServiceNow, Nuvolo is a, cloud-based platform that meets the highest standards for ease of use, security, availability and performance, according.to the press release. Nuvolo’s growth is being driven by success in health care, life sciences and regulated manufacturing, with broader adoption across a broad range of industries for facilities EAM, according to the press release.

According to Noah Lewis, managing director, GE Ventures, “Together with NEA and ServiceNow, we are thrilled to back Nuvolo’s fast growth as they continue to delight customers with mobile-first solutions and scale to be a leader in the multi-billion-dollar enterprise asset management market. Nuvolo’s ability to enable the health care industry to optimize operations and better manage costs is core to our investment strategy.”

Market leadership in cloud-based EAM is measured by broad adoption globally. Nuvolo is responsible for managing more than 5.8 million clinical devices across more than 3,125 health care providers and 3,750 service workers utilizing its EAM platform.

For more information about the Nuvolo EAM platform, visit www.nuvolo.com.