iotaMotion has filed a notice of an exempt offering of securities to raise $15,000,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, iotaMotion is raising $15,000,000.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Michael Lobinsky played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About iotaMotion
iotaMotion is focused on advancing cochlear implant surgery beyond human capability. Founded by surgeons from the University of Iowa, iotaMotion’s first commercial product is the iotaSOFT Insertion System, which slows the cochlear implant electrode array insertion down to 0.1 mm/s to reduce max forces and force variation within the cochlea.
To learn more about iotaMotion, visit http://iotamotion.com/
Contact:
Michael Lobinsky, President and Chief Executive Officer
319-338-1492
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