Providence Medical Technology, a California maker of spinal fusion devices, just raised $12 million to further develop its product line for patients with cervical degenerative disc disease.
The California-based company has a line of cervical implants and orthopedic surgical instruments that help doctors access the spine.
“We are expanding our portfolio of cervical fusion products to address the majority of cervical pathologies requiring surgery,” CEO Jeff Smith said in a statement.
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Investors include Stanmore Medical Investments, Aphelion Capital, and a new debt facility with Silicon Valley Bank.