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.
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