The company, which is developing technology to boost the effectiveness of medicine, has now raised more than $250m and has several corporates among its investors.

US-based digital healthcare company Proteus Digital Health has secured $120m in its latest funding round from undisclosed new institutional investors based in the US, Europe and Asia.

Founded in 2001, Proteus is responsible for a range of products that enhance the effectiveness of medicine by integrating it with wearable, mobile and cloud computing technology.

The company previously raised $62.5m in a series F round that closed in May 2013, and which was funded by backers including computing hardware provider Oracle,…