In a win for Sonoma County's growing medical technology sector, Trivascular Inc. has raised $60 million in new venture funding.
The Santa Rosa company plans to launch its first product — a system for repairing abdominal aortic aneurysms — in Europe later this year.
The financing deal announced Saturday was led by Palo Alto's Pinnacle Ventures, with participation from four other equity funds.
The $60 million announced Saturday could lead to the hiring of more than 100 workers. It brings TriVascular's funding to $155 million since the firm was re-started two years ago after being acquired and then closed down.
“We're pleased to have the support of such a strong group of investors,” said TriVascular CEO Mike Chobotov. “We appreciate the vote of confidence in our technology, strategy and team.”
About 2 million people in the U.S. have abdominal aortic aneurysms — bulges in the aorta that can rupture, causing internal bleeding and death.
Please click here to read the entire article:
Latest from Today's Medical Developments
- GrindingHub Americas launches in 2027 in Cincinnati, Ohio
- Methods Machine Tools now offers the Nakamura-Tome NT-Flex
- Battelle awards $900,000 in STEM education grants to Ohio schools
- #55 Lunch + Learn Podcast with KINEXON
- Starrett and Gerstner offer limited edition, American made 1950s replica wooden machinist tool chests
- EMCO’s UNIVERSALTURN 50: The new benchmark in universal turning
- Archetype's Expertise for Equity accelerates early-stage innovation
- Stratasys expands its AM solutions with Tritone's cutting-edge technology
