Curing disease with sound wave energy
ANN ARBOR, MI—A University of Michigan startup is commercializing medical technology that offers an incisionless and non-toxic way to destroy disease tissue via sound wave energy. The startup, called HistoSonics, now employs over 100 people and has raised over $200 million to bring the technology to the marketplace. HistoSonics’ Edison System is the first noninvasive, non-ionizing and non-thermal procedure to destroy targeted tissues.
Front Porch files $12.5 million Fund II
CARY, NC–A year after launching its second fund, Triangle investor Front Porch Venture Partners has submitted a filing to the SEC that shows more than $12.5 million in Pooled Investment Fund Interests for their second fund. The sum, raised from 53 investors, follows a $5 million Fund. The goal of Front Porch is to provide a point for individual investors and family offices to have the opportunity to invest in start-ups and small businesses.
CareBridge ranked no. 1 on Inc. 5000 list of fastest growing companies
NASHVILLE, TN–Three-year-old healthcare firm CareBridge announces it was ranked No. 1 on Inc. Magazine’s prestigious Inc. 5000 list of the fastest growing, privately owned companies in America. CareBridge is the first healthcare company in a decade to be ranked No. 1 on the list. CareBridge’s services are aimed at assisting low-income seniors, disabled people, and others in need of long-term care with daily tasks.
Commercial opportunities for hydrogen tech solutions
DURHAM, NC–Climate tech specialist 8 Rivers Chart Industries has teamed up with Chart Industries of Alabama to pursue commercial opportunities for hydrogen technology solutions. Most recently, 8 Rivers developed 8RH2, a process to generate ultra-low carbon hydrogen with full carbon capture, and launched its Allam-Fetvedt Cycle process to generate low-cost power from carbon-based fuels without producing air emissions.