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Cardiorobotics Receives New Venture Capital Debt

Wednesday, May 18, 2011 5:56:00 AM PDT | VentureDeal Staff

   Pittsburgh, Pennsylvania  --  Electronics company Cardiorobotics has secured $3.6 million in new venture capital debt, according to an SEC regulatory filing.

Cardiorobotics says that it is developing "advanced robotic technologies for use in a wide range of applications, including medical, industrial, military and law enforcement."

Investors in the financing were not disclosed, nor was how the company intends to use the proceeds.

According to the filing, the company is still seeking an additional $2.4 million.

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