ARTICLE | Financial News

Ornim raises $20M in series C round

August 4, 2016 7:00 AM UTC

Ornim Inc. (Kfar Saba, Israel) raised $20 million in a series C round led by LongTec HongTao China Ventures. Existing investors including OrbiMed and GE Ventures also participated.

Ornim markets c-FLOW, a non-invasive patient monitoring system that measures cerebral blood flow. The company plans to begin commercializing the product in China in 2H17. It also intends to expand its U.S. sales force and conduct additional clinical studies. ...