Centerline Biomedical closes $10 million financing round

Surgical navigation startup Centerline Biomedical Inc., a Cleveland Clinic spinout, announced it has closed $10 million in funding and has bulked up its leadership team in advance of commercializing its technology.

The company said in a news release that the money raised in its first senior security offering “will bolster key talent needs” and prepare it for “limited launch commercialization … beginning in the second quarter of 2020, with full launch beginning in the second half of the year.”

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Story excerpt provided by Crain’s Cleveland Business.

Originally published March 11, 2020.