Robotic knee developer Tibion raises $3M

July 13, 2010 source: VentureBeat

Tibion Bionic Technologies, a startup that develops orthopedic devices to help patients regain mobility, has closed a $3 million round of equity, according to a filing with the SEC. The company’s knee technologies can be used during physical therapy to help patients dealing with a stroke, multiple sclerosis, Parkinson’s disease or other traumas.

Tibion, which is based at NASA Research Park in Moffett Field, Calif., is backed by Claremont Creek Ventures and Saratoga Ventures. The company previously raised $3.5 million in 2006 and $3.15 million in February.

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