Seed stage investor and venture developer CincyTech said today it has invested in Xact Medical, developers of the Fast Intelligent Needle Delivery device designed to aid in needle placement.
Israel-based Xact Medical’s FIND system is designed based on technology from the Cincinnati Children’s Hospital and Ben Gurion University in Israel, and uses robotics and ultrasound to guide a needle into the patient’s body.
“Cincinnati Children’s is increasingly a source of medical innovation and Xact Medical is the latest example. CincyTech is excited to again partner with Cincinnati Children’s and be on the ground floor of this promising company,” CincyTech life sciences director John Rice said in prepared remarks.
