A Louisville-based startup, Eximis Surgical LLC, has raised $270,000 to aid in the development of a new medical device, though the founders are still keeping the nature of the new device under wraps.
The funding was disclosed in a recent filing with the Securities and Exchange Commission.
A trio of former Covidien employees teamed up with a veteran of the aerospace and industrial realms last year to form Eximis.
Co-founder Kristin Johnson, one of the former Covidien employees, said Monday that she couldn’t disclose who participated in the funding round or when the company hopes to have its product to market. But she said the new funds would be used for development to further the prototype along.
Other co-founders include William Gregg, Donna Ford-Serbu and Dirk Johnson.
Kristin Johnson said the company is not a spinoff from Covidien, which was recently acquired by Medtronic, and is a totally separate venture. So far, three of the four founders are working on the venture full-time out of their homes.