SensAble Technologies, a Woburn, MA-based maker of 3D modeling and haptic systems for product design, medical modeling, dental restoration, and digital content creation, has pulled in $8 million in a mixed equity offering, according to an SEC filing. Existing SensAble investor HLM Venture Partners led the round, which also included North Bridge Venture Partners and will be used to support marketing, engineering, and sales efforts for the company’s line of digital dental design products, a company press release stated. The offering consisted of a mix of types of securities including equity, but the company did not return calls on Friday inquiring how much of the financy was equity-based. Disclosure: Xconomy founder and editor in chief Bob Buderi holds a small amount of SensAble common stock.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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