DICOM Grid, a cloud software-as-a-service platform for medical imaging application has secured a $5 million financing expansion round led by Canaan Partners, CHL Medical Partners and existing individual investors. The funds will be used to expand distribution of DG Suite, the company’s product line for managing diagnostic imaging and related health data. PRESS RELEASE DICOM [...]

Mevion Medical Systems has closed a $45 million investment from ProQuest Investments. Existing investors Caxton Heath Life Sciences, Venrock and CHL Medical Partners also participated. Founded in 2004, Mevion is a privately held company headquartered in the Boston metropolitan area with international offices in the United Kingdom and Japan. PRESS RELEASE Mevion Medical Systems announced [...]

Valeritas Inc., a Bridgewater, N.J.-based developer of drug delivery systems for the diabetes market, has raised $150 million in Series C financing. The funding will support commercialization of its V-Go disposable insulin delivery device. Welsh, Carson, Anderson & Stowe led the financing and assumes a controlling interest in Valeritas. Previous investors MPM Capital, Pitango Venture Capital, Abingworth Management, Advanced Technology Ventures, ONSET Ventures, HLM Venture Partners, Agate Medical Investments, CHL Medical Partners and Kaiser Permanente Ventures also participated.

(Recent funding news based on Form D filings with the S.E.C.) E-commerce platform provider Rearden Commerce has raised $46.98 million in a new round of financing, according to a filing with the S.E.C. Rearden previously raised roughly $200 million from venture investors including Foundation Capital, Oak Investment Partners, Empire Capital Partners, American Express and Chase [...]