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Blue Belt Technologies, Inc. Closes Series A Financing.

Publication: PR Newswire
Publication Date: 30-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Funding to Advance Development and Release of Handheld, Computer Assisted Bone Cutting Device

PITTSBURGH, Sept. 30 /PRNewswire/ -- Blue Belt Technologies, Inc., a Pittsburgh based medical device company developing the next generation of "smart" surgical instruments for use in orthopaedic and neurosurgery procedures, has closed on a $2.4 Million private equity Series A round of financing. The round was led by private investors and included the Pittsburgh Life Sciences Greenhouse and Innovation Works (Pittsburgh) and consisted of both new investments and the conversion of existing convertible notes.

"This investment will be used to finalize development and prepare for FDA submission of...

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