Vertos raises $15.5M to decompress spines
Vertos Medical, maker of a non-invasive device for decompressing lumbar spine discs, has brought in $15.5 million in a fourth round of funding from Onset Ventures, CHL Medical Partners, Foundation Medical Partners, Aweida Venture Partners and DFJ Mercury. Based in Aliso Viejo, Calif., the company has now raised $32.5 million to date.
Illumitex, a stealth LED maker, raises $5.25M
Austin, Tex. based Illumitex has raised $5.25 million toward a $10 million second round of funding, according to the Austin Business Journal.
The company appears to be in full stealth mode, but has existed since at least the second half of 2006, when another company called Competitive Technologies disclosed that it had entered into a partnership with Illumitex.
The press release from the partnership states that “Illumitex’s patent-pending LED optics technology increases brightness and efficiency of HBLEDs… Continue Reading