Tibion Collects $10.2M for Bionic Leg
Sunnyvale, CA-based Tibion, maker of a bionic assist device designed to help stroke victims recover movement and strength in their legs, announced this week that it has collected $10.175 million in venture backing. Three Arch Partners and Hambrecht & Quist Capital Management led the round. Three Arch Partners principal Conrad Wang and Hambrecht & Quist CEO Daniel Omstead have joined Tibion’s board. Tibion CEO Charles Remsberg said in a statement that the new funding “will enable us to accelerate roll-out of the new interchangeable battery version of our wearable gait-rehabilitation robot, and to expand our sales and marketing programs.” I profiled Tibion (and tried out its bionic leg) in December.