Last Wednesday, the saga of health IT startup CloudMine — founded in 2011 and backed by a long list of local investors — came to a disappointing finale as its remaining 11 staffers were laid off.

Earlier this year, the company had let go of a third of its workforce citing a shift in market demands, but this time the news was really bad: After defaulting on a $1.8 million loan from Comerica Bank, the venture-backed company saw its operating accounts wiped clean by the Dallas-based bank.

On Monday afternoon, it filed for bankruptcy.

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