# Nuvolo Technologies Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nuvolo-technologies

- Industry: Software
- Headquarters: Wellesley, US
- Website: www.nuvolo.com
- Total disclosed funding: $55M
- Latest round: Series C (Feb 11, 2021)
- Investors on record: 6

## About

Based in New Jersey, US, and founded in 2013, Nuvolo Technologies Corporation operates as a developer of a cloud-based enterprise asset management platform for healthcare, life sciences, and regulated manufacturing industries. Tom Stanford, the company’s founder, and CEO, previously served as Sales vice president for Eden Technologies, Inc. Nuvolo Technologies Corporation has more than 250 employees and serves more than 1,500 clients across the globe. The company also has offices in the United Kingdom, India, Bulgaria, Canada, and the Netherlands. A USD 12.09 million series B round was raised by the company in May 2019, and the total funding of USD 32 million series C round was raised in 2021.

Nuvolo Technologies Corporation’s software engineers and architects develop the software-as-a-service integrated workplace management system called Nuvolo Connected Workplace, Built on Now™ that can be used in organizations’ in-house and remote facilities, assets, and device maintenance, operations regulatory compliance, and cybersecurity capability of their connected non-IT devices.

Nuvolo generates its revenue by selling its customers the connected workplace software and the software maintenance service to be tailored to their appropriate industry.

Nuvolo Technologies Corporation plans a major expansion of the company’s workforce and acceleration of its product roadmap in the next two years. The company is also to earn USD 100 million annual recurring revenue in late 2022 and become a publicly traded company in 2023.

## Funding rounds

- Series C, Feb 11, 2021, $31M — New Enterprise Associates, Insight Partners, Kaiser Permanente Ventures, Revelation Partners
- Series B, May 3, 2019, $12M — New Enterprise Associates, Kaiser Permanente Ventures, GE Ventures, ServiceNow Ventures
- Series A, Jun 13, 2017, $10M — New Enterprise Associates, GE Ventures, ServiceNow Ventures
- Seed, Oct 23, 2015, $2M — New Enterprise Associates, ServiceNow Ventures

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A, Series B, Series C
- ServiceNow Ventures (https://capitalatlas.ai/funds/servicenow-ventures) — Seed, Series A, Series B
- GE Ventures — Series A, Series B
- Kaiser Permanente Ventures (https://capitalatlas.ai/funds/kaiser-permanente-ventures) — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Revelation Partners (https://capitalatlas.ai/funds/revelation-partners) — Series C