Company name: NeuWave Medical Inc.
Industry: Medical devices.
Location: Madison, Wisconsin.
Solution/product: Certus 140 Ablation System is a device that uses energy to coagulate and ablate soft tissue.
Money raised: $14 million (seeking another $5 million).
How it will be used: President and CEO Laura King did not immediately return a call.
Investors: Venture Investors LLC; John Murphy, president and CEO of NDS Surgical.
Management team: Laura King, president and CEO; Rick Schefelker, vice president of engineering; Eric Clyse, vice president of operations.
Market size: The global ablation technologies market is expected to reach $12.4 billion by 2016.
Competitors: Larger players like Medtronic and Boston Scientific have acquired ablation technology startups; BSD Medical.
[Photo Credit: freedigitalphotos.net user Salvatore Vuono]
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