Saluda Medical has raised a $150M funding round to provide advanced medical devices that help patients with neurological disorders.
Since its inception in 2013, the company has raised close to $400M.
- Saluda Medical is a company that specializes in advanced medical devices such as the Evoke SmartSCS System that aim to help patients deal with complications from different neurological disorders.
- The latter is a closed-loop smart spinal cord stimulation system that helps manage chronic intractable pain of the trunk and limbs, usually associated with failed back surgery syndrome.
- Wellington Management led the funding round, with participation from Fidelity Management & Research Company, TPG, Redmile Group, and Action Potential Venture Capital.
- Saluda Medical aims to use this funding round to boost the sales of its Evoke Spinal Cord Simulation System and to further advance its technology platform.
- The company is based in Artarmon, Australia.
