Cleveland-based medical and navigation company Centerline Biomedical has secured $1.5 million in grant funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 13 and financed by National Heart, Lung and Blood Institute.
According to its Crunchbase profile, "Centerline's mission is to develop advanced navigation systems that initially target interventional vascular procedures."
The six-year-old company has raised two previous funding rounds, including a grant in 2017.
In other local funding news, information technology company TPA Stream announced a $1.4 million seed funding round on Sept. 9, led by North Coast Angel Fund.
According to Crunchbase, "TPA Stream provides cloud-based software that targets Third Party Administrators and their challenges in managing EOBs (explanation of benefits). TPA Stream harvests EOBs for both large and small employers and provides a portal for ease of management and automated submission to benefit administration software."
Founded in 2014, the company has raised two previous rounds, including an $800,000 seed round in 2018.
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