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.
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