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Robots - Tuesday, November 22, 2005

iRobot Wannabe Gets $11M

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Trident Capital, which recently enjoyed a windfall from iRobot's IPO, is going back for more by leading an $11M investment in Aethon, along with Draper Triangle Ventures, Salix Ventures, Ascension Health Ventures and Pacific Venture Group. The company is touting a tug-boat type of robot that moves hospital carts which it is selling now to medical institutions. Aethon claims its revenues have grown 300% over the past year.

CEO Aldo Zini previously was the VP of Sales and Marketing for Automated Healthcare, which developed a robotic medication dispensing system for hospitals (Robot- Rx) and was acquired by McKessonHBOC in 1996 for $65M.

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Read - Aethon Lands $11 Million in Latest VC Deal (Post Gazette)
Read - InTouch Health (a:c)
Read - Robotic Rollouts (a:c)

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