May 14, 2014 by Arezu Sarvestani
Massachusetts-based Medrobotics raised $26 million in a Series E fundraising round in support of its Flex surgical robot.
The company said it plans to use the new funds to launch commercial efforts in the U.S. and in Europe, as well as in pursuit of new regulatory bids. The company has European approval for the Flex system, but has not yet won a nod from the FDA. Read more
May 15, 2014 by Arezu Sarvestani
Minnesota-based Inspire Medical raised $40 million in a Series E financing round that the company timed to coincide the launch of its sleep apnea implant.
Inspire won FDA approval earlier this month for its flagship device, a pacemaker-like system that stimulates nerves to keep airways open during sleep. The technology represents a significant leap over the respiratory masks that comprise the standard of care for patients with sleep apnea. Read more