Perhaps there’s a ray of hope that venture capital funding is recovering a bit for the medical device industry. VC firms invested more than $2.8 billion in 2017, an increase of more than $647 million from 2016, according to the MoneyTree Report from PricewaterhouseCoopers (PwC) and CB Insights. There were a total 229 deals involving […]
Cerêve lands $38m Series B for insomnia device
Cerêve Inc., said today that it closed a$38 million Series B found, led by global investment firm KKR. Other investors included Versant Ventures, Arboretum Ventures and Partner Ventures. The company is gearing up to launch its Cerêve Sleep System device, which is designed to reduce latency to stage 1 and stage 2 sleep for patients […]
FDA clears Cereve sleep-aid device
Sleep-focused company Cereve said today it won FDA 510(k) clearance for its Cereve Sleep System device designed to reduce latency to stage 1 and stage 2 sleep for patients suffering from insomnia. The sleep system is designed to cool the forehead within a therapeutic range to reduce activity in the frontal cortex, which the company […]
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