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Embody, Inc Announces $20 5 million Funding Round
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Embody, Inc : Announces $20 5 million Funding Round
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Top Pentagon research arm combats ‘aggressive’ foreign investors March 16 Tendon and ligament injuries are common for military members, and Embody medical company received DARPA funds to push to market its improved surgical graft for soft tissue repairs. (DARPA) WASHINGTON The Pentagon’s lead innovation office expanded its business accelerator to compete against “aggressive” foreign investment possibly tied to unfriendly governments and instead is courting U.S. investors to push its desired products to market. The goal for the accelerator, established by the Defense Advanced Research Projects Agency, is to move 150 technologies out of the lab and into the marketplace over the next five years. The effort is part of an expansion of DARPA’s Embedded Entrepreneurship Initiative pilot program that helped raise more than $100 million for 30 research teams.