SI-BONE Gets $11M

San Jose-based SI-BONE, a medical device firm developing a minimally invasive surgical device to treat the sacroiliac (SI) joint, said late Tuesday that it has raised $11.0M in a financing round. The round came from new investor Skyline Ventures. According to the firm, the new financing will go to expand its clinical and commercial operations, particularly worldwide sales and marketing and clinical efforts. As part of the funding, Gleen Reicin of Skyline Ventures will join the company's board of directors. SI-BONE said its device is designed for fracture fixation of large bones and large bone fragments of the pelvis for conditions including sacroiliac joint disruptions and degenerative sacroiliitis. More information »