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Motorika raises $19.5 million in new financing

Motorika, a medical device company, has secured $19.5 million in new financing. The new financing came from institutional and private investors, and will provide the necessary capital to realize both its short and long term strategic plans.

Motorika will also use the funds to increase its clinical program and awareness of its product line while working with its key customers and partners to further enhance the product offering.

Fran Hackett, vice president of sales says, “With the increase in available funding we will continue to expand our market scope, providing our clients with the necessary support, education and service that has made us the industry leader in robotic assisted technology. As technology expands into the Rehabilitation arena, Motorika can provide a solution for many facets in diagnosing, treatment, and validating clinical outcomes.”