Cardiorobotics (CMU) Completes $5 Million Convertible Note Offering (10/28/2010)

CardioRobotics develops snake robot platforms for surgical and interventional applications. The company was co-founded by CMU professor Dr. Howie Choset, University of Pittsburgh surgeon Dr. Marco Zenati, and Technion University professor Dr. Alon Wolf.

Cardiorobotics, a developer of remote-controlled robotic probes that make surgery safer and quicker, has completed a $5 million convertible note offering, said CEO Samuel Straface.

The investors were wealthy individuals, most of whom are based in the Pittsburgh area, where Cardiorobotics launched and still operates a lab at the Pittsburgh Life Sciences Greenhouse’s offices. The company is now based in Raynham, Mass. read more

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