Aethon closes on $14 million of financing

1P2-17209226

Publication: Tribune-Review/Pittsburgh Tribune-Review

Date: 2008-09-19 00:00:00

Pittsburgh robotics developer Aethon Inc. said it closed on $14 million of financing, which it will use for business growth, accelerated growth and intensified research and development.

The capital was provided by Nexus Medical Partners, a private equity firm in Boston, and by Radius Ventures, a venture capital firm.

Aethon develops mobile robotics for the hospital supply chain and had its first commercial product launch in 2005.

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