Startups
Investing / Science

Safeguard Scientifics leads $17.5 million investment in Aktana

The San Francisco-based software company serves the life sciences industry. It plans to use the funds to expand internationally.

Aktana is a data company in the life sciences space. (Screenshot via Aktana.com)

Safeguard Scientifics is the majority investor in a $17.5 million funding round for Aktana, a San Francisco-based software company that gives data insights to sales reps in the life sciences space.
Al Wiegman, managing director of the Radnor, Pa.-based Safeguard, will be joining Aktana’s board of directors as part of the $8.25 million investment.
“We believe that Aktana will be the de facto standard for the life science industry as it strives to turn data into knowledge, streamlining and improving efforts around product commercialization,” Wiegman said.
Proceeds from the round, expected to wrap up on June 16, will go toward product development and global expansion. The company aims to set up offices in China and Europe, adding to its current offices in San Francisco, New York City and Tokyo.

Companies: Safeguard Scientifics
Engagement

Join the conversation!

Find news, events, jobs and people who share your interests on Technical.ly's open community Slack

Trending

How venture capital is changing, and why it matters

What company leaders need to know about the CTA and required reporting

The ‘Amazon of science stores’ and 30 other vendors strut their stuff for Philly biotech

Why the DOJ chose New Jersey for the Apple antitrust lawsuit

Technically Media