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COMS Interactive, a startup that produces an SaaS products for the health care industry, has secured a new $21 million round of funding, the company announced today.

COMS’ main product is Daylight IQ, a software suite that manages health and disease profiles for elderly residents at senior living facilities. (I would have said nursing homes but that seemed insensitive and politically incorrect.) The software suite helps track changes in a person’s condition and alerts attendance and doctors accordingly, which basically helps patients from going to the doctor multiple times before finding what’s actually wrong.

The startup said it plans to use the fresh capital to expand the company, develop additional products in conjunction with Daylight IQ, and for redemption of COMS common stock holdings.

The new round of funding was led by Summit Partners. Under terms of the deal, Summit Partners managing director Mark deLaar will also join COMS board of directors.

Founded in 2010, the Cleveland, Ohio-based startup previously raised a $2.7 million round of funding and has a total of $23.7 million in funding to date from Summit Partners, Zapis Capital Group, Next Sparc LLC, and Portal Capital LLC.

Health care image via Shutterstock

Filed under: Deals, Health

This article originally appeared on VentureBeat Read More

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Nok Nok Labs, a security startup focused on making two-factor authentication even stronger, raised a $4 million round of debt financing today from exist investors Onset Ventures and DCM.

The company announced a $15 million first round of funding in February, though a spokesperson explained to VentureBeat that this funding actually closed in 2011.

Two factor authentication is getting a lot of attention now that big companies such as Apple, Twitter, Evernote, and other are employing it. All of these companies have been the subject of hacking stories in the last year, and hope two-factor will be an extra bit of security for its users.
As it stands, two-factor usually involves sending the user a code, which supplements the traditional username and password login combination. The code is sent either through an app, such as Google authenticator; a dongle, such as RSA’s SecureID; or through an SMS message.
But even Nok Nok is saying that two-factor in its current state needs to be just the base-level for what this technology could be.

“We think the market will come to the realization that much more will have to be done to address current authentication issues,” Nok Nok Labs senior director Jamie Cowper told VentureBeat in an earlier interview. “We expect to see the enthusiasm for SMS two-factor authentication to dim and the adoption of more innovative approaches in the future.”

Nok Nok is working on its Unified Authentication Infrastructure product — a form of two factor authentication that companies can build off of. The technology takes advantage of existing features in the devices their employees already have. For example, if an employee is trying to access something on their smartphone, they may have to swipe a finger to prove they are really there.

The infrastructure is just that — the scaffolding on which developers can come in and build their own forms of two-factor authentication.

The debt funding comes in the form of convertible notes to existing investors. The spokesperson would not otherwise elaborate whether this financing would be put toward product or other areas within the company.

Unified Authentication Infrastructure image via Nok Nok Labs

Filed under: Deals, Security