Now Raised $29M, Cisco’s Hiring Push, and More Atlanta Tech News

Here’s what happened last week on the Atlanta tech scene.

Written by Ashley Bowden
Published on Oct. 18, 2021
Now Raised $29M, Cisco’s Hiring Push, and More Atlanta Tech News
Photo: Now

The Peach State is ripe with innovation on its thriving tech scene. Though the seasons are cooling down, Atlanta tech companies are warming up with fresh funding and other moves. Catch up on what’s new. This is the Built In Atlanta weekly refresh.

Cisco Systems to hire 700. Developer of enterprise internet solutions, San Jose-based Cisco is deepening its Atlanta roots with plans to open up a new Talent and Collaboration Center in the city’s Tech Square neighborhood. The Midtown office will house Cisco’s local engineering, customer experience and finance talent. Until the office opens in 2022, the company is building out its team across a variety of departments. [Built In Atlanta]

Azalea Health raised $30M. The company built a cloud-based platform for healthcare providers that connects the clinical and financial sides of running a practice. Planning to add new capabilities to its electronic health records solution, Azalea recently acquired data analytics company dashboardMD. The new credit facility from CIBC Innovation Banking enables Azalea to close the deal. [Built In Atlanta]

Atlanta Tech Quote of the Week

“During times of uncertainty, small businesses do not need the cost and risk of adding debt or using factoring. With NowAccount they are paid their actual revenue faster so they can stop being a free bank to their customers.” — Lara Hodgson, CEO and co-founder of Now

Now secured $29M. Operating a fintech platform made for businesses, Now works to help businesses get paid faster by expediting the payment of their B2B invoices. The company raised a $4 million equity round co-led by Brigade Capital and Virgo Investment Group and a $25 million credit facility from Brigade Capital. The funding helps Now scale its operations, expand its product suite and hire new team members across customer success, technology and marketing. [Built In Atlanta]

Cloudmed acquired Eligibill. With its automated healthtech platform, Cloudmed works to help providers receive the total payment they’re due after service, as well as enhance their productivity and increase their revenue. The company’s recent acquisition of Eligibill, which offers hospitals insurance discovery and clearinghouse services, allows Cloudmed to integrate new features like insurance discovery capabilities. [Built In Atlanta]

Altanta leads tech innovation in the Southeast. Georgia’s capital city is continually pulling ahead of the competition in a race for tech industry growth. With several new unicorn companies on the scene as well as fast-growing startups, Atlanta has grown steadily in the Southeast innovation space over the past five years, as found by Panoramic Ventures in a recent report. Southeastern companies are on track to pass last year’s growth, having already reported more than 900 funding rounds over $8 million during the first half of 2021. [Atlanta Inno]

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Healthtech • Other • Software • Analytics • Biotech • Pharmaceutical • Manufacturing