Failed tech firm, once valued at $46M, makes one last list

CareSync, a Tampa health care software firm that shuttered in late July, laying off some 300 people, has suffered one more ignominy: inclusion on PitchBook’s annual list of the top 10 venture capital-backed failures.

The venture capital data analytics site included CareSync on its Startup Graveyard 2018 list —  the only Florida company, and one of only two not in New York City, Boston or Silicon Valley. (The other, software firm Apprenda, is based outside Albany, N.Y.) While CareSync didn’t have the valuation, say, of once high-and-mighty blood testing firm Theranos, which collapsed after raising $810 million, the could-have-been remains painful. CareSync, according to PitchBook, had been valued at $46 million and raised $26 million since it was founded in 2011.