Palo Alto's software industry is pulling in new investment, with three local companies securing venture capital. New funding rounds were recently announced by software ventures Physera, Donde Fashion and Jimu Technology, according to company database Crunchbase.
Physera topped the city's recent funding headlines by announcing a $8 million Series A round on March 13, financed by BlueCross BlueShield Venture Partners.
According to its Crunchbase profile, "Physera provides direct access to world-class physical therapists with personalized exercises programs for convenient and low-cost treatment of musculoskeletal pain. Its founding team brings expertise in consumer technology, data science and healthcare to deliver personalized care plans for individuals and customized data for medical experts to transform the way pain is treated."
The company has raised two previous funding rounds, including a $2.8 million seed round in 2017.
Next up, Donde Fashion raised $6.5 million in Series A funding, in a round announced on Feb. 15 and led by AfterDox.
According to Crunchbase, "Donde is the first search tool that allows users to find any fashion item they have in mind with visuals rather then text."
Founded in 2013, the company has raised four previous rounds, including a seed round in 2017.
Meanwhile, Jimu Technology raised Series A funding, announced on March 5. The round was financed by Flyfot Ventures.
From the company's Crunchbase profile, "(Also known as) Hangzhou Extreme Wood Technology Co., Ltd., (Jimu Technology Co., Ltd.) is a technology innovation company specializing in artificial intelligence and key technologies of robots. It is committed to the application and development of autonomous driving technology and intelligent control technology in the field of industrial wheeled robots. The first product is a smart parking robot based on autonomous driving technology."
Jimu Technology last raised seed funding in 2018.
Across the industry, Palo Alto-based software companies have raised $17 million in venture funding over the past month, and $2.1 billion over the past year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
