Interventional technology developer Suros Surgical Systems has inked a $10 million investment agreement with venture capital firms Morgan Stanley Capital Partners, Piper Jaffray Ventures, and River Cities Capital Funds. Suros said that the investment moves the company from its early stage of development to a position of higher visibility.
This week Suros moved its corporate headquarters to a new Indianapolis facility five times larger than its initial office space. The move is part of a $3.3 million expansion project to triple the firm's production capacity and further diversify its product line, according to the vendor.
By AuntMinnie.com staff writers
August 18, 2004
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