Company name: Altura Medical.
Industry: Medical devices.
Location: San Clemente, California.
Product:Abdominal Aortic Aneurysm Stent-Graft to repair abdominal aortic aneurysms.
Money raised: $6 million (earlier regulatory filings show the company raised an additional $16.5 million).
How it will be used: To fund ongoing product development and clinical trials that will help toward obtaining CE Mark for commercalization in Europe.
Management team: George Wallace, chairman.
Market size: Endovascular Abdominal Aortic Aneurysm (AAA) Repair market willbe worth $1.6 billion by 2015.
Competitors: Medtronic, Cook Medical, W.L. Gore & Associates, and Endologix.
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