PNC and First Data joined existing investor Intel Capital in a $31.5m round that increased the medical software provider's overall financing to more than $130m.

CareCloud, a US-based developer of integrated clinical and financial technology, closed a $31.5m series C round yesterday featuring chipmaker Intel and payment technology provider First Data.

Growth equity firm Blue Cloud Ventures led the round, which included financial services firm PNC as well as Norwest Venture Partners (NVP), Tenaya Capital and Adams Street Partners. Intel invested through its Intel Capital subsidiary.

Founded in 2009, CareCloud provides cloud-based technology designed for medical groups, particularly those specialising in cardiology, general surgery, orthopaedics,…