Today’s funding announcements include one company that encourages you to eat and another that helps you lose weight:
EndoSphere grabs $1.3M to treat metabolic diseases: The medical device maker has raised $1.3M of an expected $5.1M in equity funding to treat obesity and type 2 diabetes, according to a filing with the SEC. The company, which recently moved from Redwood City, Calif. to Columbus, Ohio, has developed a temporary implant that, when placed in the small intestine, helps patients lose weight by slowing the passage of food.
SCHAD raises $4.2M so engineers can manage facilities on the go: The Hamburg, Germany-based company has raised a funding round led by M8 Capital for its mobile technology. Using SCHAD’s product, engineers can remotely access and manage company plants from mobile phones and mobile devices. The company, which works with clients like Ford and Volkswagen, plans to use its funding for global expansion.
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
Neuroptix brings in $4M to detect Alzheimer’s Disease: The Acton, Mass.-based company has raised funding in its third round led by Swiss investor Inventages Venture Capital, peHUB reports. The company, which plans to use the funding to continue clinical development, is developing a non-invasive laser eye scanning test for early detection and diagnosis of Alzheimer’s Disease.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More