Inspire Medical Systems Nabs $13 Million for Sleep Apnea Device

Inspire Medical Systems has raised $12.5 million in a new round of equity financing, according to an SEC filing posted today.

Inspire Medical developed and produces a sleep apnea implant, a pacemaker-like system designed to stimulate nerves to keep airways open during sleep.

The company won FDA approval for the device in May 2014.

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