Cardiorobotics, a Middletown, RI-based developer of robotic devices for medical and non-medial uses, has raised $5 million in equity investments, according to an SEC filing. The startup, which was founded by researchers at Carnegie Mellon University and the University of Pittsburgh, announced in summer that it closed a $11.6 million Series A round of venture capital to develop its robotic probes for surgical applications. Xconomy wrote in depth about Cardiorobotics’s technology and its first-round financing in August.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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