SharkDreams, a digital health care company that uses cloud-based data analytics and artificial intelligence, has raised $1 million in a private equity and options offering, according to a filing with the Securities and Exchange Commission.
The money came from three investors. The company had earlier raised $850,000 in June.
Founded in 2017, the Raleigh-based company’s aim is to become a leading provider of advanced digital clinics through unique software products and devices, in order to provide high quality care for patients everywhere.
The company’s founder is Dharma Teja Nukarapu, a Wichita State University computer science graduate who previously worked as a software engineer at Lenovo from 2011 to the end of 2016.
Nukarapu holds five patents from his work at Lenovo.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.