Cardiorobotics Finds $5M

Xconomy Boston — 

Cardiorobotics, a Middletown, RI-based developer of robotic devices for medical and non-medial uses, has raised $5 million in equity investments, according to an SEC filing. The startup, which was founded by researchers at Carnegie Mellon University and the University of Pittsburgh, announced in summer that it closed a $11.6 million Series A round of venture capital to develop its robotic probes for surgical applications. Xconomy wrote in depth about Cardiorobotics’s technology and its first-round financing in August.