July 14, 2014 | ReWalk Robotics filed for an initial public offering on NASDAQ to raise $58 million, with a company value of $250-300 million after money. According to a “Globes” report, the company recently changed its name from Argo Medical Technology to the name of its major product, the ReWalk Exoskeleton, a device that allows paraplegics to walk upright. The device was invented by Dr. Amit Goffer whose startup Odin sold to Medtronic for $9 million in 1997 and who himself is paralyzed. The ReWalk device recently received Food and Drug Administration (FDA) approval for the sale of its device in the United States.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts

Red Algae Can Treat Wounds And Infections
January 26, 2023

Freight Planner Lists on Nasdaq And Raises $80M
January 26, 2023

$6M Investment For “Lettuce Milk” Startup
January 25, 2023

Israel Has World’s Best Value Internet
January 25, 2023
Facebook comments