A Human Resources Software Company Used By Most Fortune 500 Companies Is Laying Off 8.5% of Its Workforce

Munich-based Avelios Medical, provider of a modern hospital information system (HIS), has raised €30 million in Series A funding to reach its goal of becoming the leading OS for intelligent patient care.The funding round was led by Sequoia Capital alongside existing investors Revent and High-Tech Gründerfonds (HTGF).“Sequoia has consciously turned away from the classic, short-term investment cycle