Spineworks Medical raising $8.8M for spinal devices
Spineworks Medical, a Santa Clara, Calif. maker of medical devices, has raised about $7.6 million toward a total round of funding of $8.8 million, according to a regulatory filing acquired by VentureBeat.
Spineworks is a stealth mode company, without a significant public presence. However, a patent filing made for the company suggests that it is working on a stabilization device that can be attached to cancellous bone like spinal vertebrae, with methods for cutting into the bone and expanding to secure itself.
The investment appears to be an expansion on an earlier-disclosed round of $5.2 million. The financiers include Hatteras Fund, MedFocus Fund and private investors.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.