Putting some sizzle in the Pittsburgh technology sector.
Be sure to tune in to TechVibe Radio on Pittsburgh Business Radio 1360 AM WMNY this Tuesday (7/28) from 3-6 p.m.
The Pittsburgh Technology Council’s Jonathan Kersting and Audrey Russo will be behind mic interviewing some of Pittsburgh’s coolest technology industry personalities. Check out who’s on the show this week:
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It’s Monday and Techburgher is still recovering from Whuff-aoke on Saturday night. The voice is back and we’re starting off the week with some exciting news from Cardiorobotics, a medical device company developing snake robot technologies for use in a wide range of surgical and interventional applications.
Cardiorobotics has closed on an $11.6 Million private equity Series A round of financing. The round was led by Eagle Ventures and its co-investors, The Pittsburgh Life Sciences Greenhouse and The Slater Technology Fund and affiliated investors.
Funds raised in this round will support the advancement of the clinical product, a clinical feasibility trial on humans, and completion of commercial product for regulatory approval in the United States and the European Union.
The investment will be used to advance the cardioARMT toward commercialization, said Dr. Samuel Straface, Cardiorobotics, Inc., president and Chief Executive Officer.
“I am impressed by the combination of the breakthrough technology platform, experienced entrepreneurial leadership, and high commercialization potential of the cardioARMT,” said Mel Pirchesky, president and Chief Executive Officer of Eagle Ventures.
Cardiorobotics’ is al leader in snake robotics for minimally-invasive cardiac interventions, allowing minimally invasive treatments for patients suffering with heart arrhythmias.
