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Seattle funding news: Consumer electronics and health care top recent local investments

Hoodline logo Hoodline 8/21/2019 Hoodline
a close up of a device: Photo: Facebook © Photo: Facebook Photo: Facebook

Seattle-based mobile devices and android company Mason has secured $25 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced August 14 and led by Coatue Management.

According to its Crunchbase profile, "Mason provides mobile infrastructure—including hardware, software, and services—to help companies build and scale smart hardware products. Our turn-key solution provides end-to-end control over everything from the hardware and operating system to device management and data plans, so you can spend more time building great products, and less time worrying about their underlying mobile infrastructure. Our customers have built patient engagement solutions in hospitals, electronic data capture for clinical trials, electronic logging for trucking, ordering kiosks at restaurants, dedicated gateways for medical devices, and more."

The four-year-old startup also raised a $120,000 seed round in 2016.

The round brings total funding raised by Seattle companies in consumer electronics over the past month to $28 million. The local consumer electronics industry has produced 24 funding rounds over the past year, securing a total of $199 million in venture funding.

In other local funding news, medical device and therapeutics company Kineta announced a $1.8 million grant on August 6, financed by Wellcome Trust.

According to Crunchbase, "Kineta, Inc., a biotechnology company, engages in the discovery and development of antiviral therapies and immune modulating drugs for the treatment of RNA viruses that include hepatitis C, influenza, west nile virus, and common cold. It offers ShK Analogs for treatment of multiple sclerosis and autoimmune diseases; and RIG-I Pathway, a molecular on/off switch that triggers the human body's immune defenses against virus infection. Kineta, Inc. was formerly known as Lecura, Inc."

Founded in 2007, the company has raised 14 previous rounds, including a $45,000 round earlier this 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.


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