ALung Technologies Inc. recently completed its sixth round of venture funding, which resulted in $18.52 million from Audrey’s Kitchen and other undisclosed investors, PitchBook reports. The transaction included $2.26 million in total new debt. ALung has raised $112.6 million to date.
The Pittsburgh company manufactures an innovative lung assist device designed to provide artificial lung technology for patients with respiratory failure. The company’s device is designed to remove carbon dioxide from and deliver oxygen to a patient’s blood independently of his or her lungs, enabling patients to avoid mechanical ventilator.