Xintong Medical: Med-tech startup 4C Medical raises $35M, names new CEO

4C Medical Technologies Inc. announced Thursday it closed on a $35.4 million Series C round of funding. The round was led by MicroPort CardioFlow Medtech Corp., a Shanghai-based medical device manufacturer. In announcing the round, 4C Medical also said it appointed Sarvana Kumar as president and CEO. Kumar has served as interim president and CEO since March 2021 after taking over for outgoing CEO Bob Thatcher. The company is currently conducting a clinical research study for its device used...