TigerText Secures $50 Million in New Funding, Files for IPO

U.S. Time, November 11 – According to foreign media reports, TigerText, a California-based mobile app developer serving the healthcare industry, announced the completion of a new round of financing totaling $50 million.

This funding round was led by Norwest Venture Partners, Invus Group, and Accolade Partners, with continued participation from Shasta Ventures, OrbiMed, and Reed Elsevier. Following the completion of this round, TigerText’s total capital raised reached $79.2 million.

The company offers a secure instant messaging application for iOS and Android systems, as well as an API called TigerConnect that enables the integration of secure messaging into other applications. It also claims that TigerText has expanded its platform capabilities to other platforms, such as desktop computers.

Furthermore, the company announced that it has integrated a Low Connectivity Protocol (LCP) into all its products, enabling users to access TigerText even in areas with poor network connectivity.

Compared with traditional SMS, TigerText offers numerous advantages, including enhanced security. It allows users to set message expiration times, ensuring that messages automatically disappear from both the sender’s and recipient’s devices at a scheduled time. Additionally, it supports remote wiping and management of information on the server side.

Voalte, another communications company focused on healthcare, recently announced that its total funding has reached $60 million. The company completed a $17 million Series D financing round in September this year, with investors including Ascension Ventures, Cerner Capital (a subsidiary of Cerner Corporation), and Bedford Funding.