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Baltimore Business Journal: Baltimore firm making medical devices for heart surgery raises $8M

Wednesday, July 1, 2020

A University of Maryland, Baltimore-born company aiming to develop new medical devices for use in heart surgeries has raised $8.3 million in new funding.

The newly announced financing for Protaryx Medical includes $3.2 million in grant and seed funding, in addition to a recently closed $5.1 million round of Series A funding. The A round was led by Ajax Health, a health care technology-focused firm based in California, with participation from UM Ventures, the tech commercialization arm of UMB.

Read the full story from the Baltimore Business Journal.