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TissueInformatics Raises $4.4M, Appoints COO

NEW YORK, Feb 15 – TissueInformatics, a maker of bioinformatics tools that are designed to analyze tissue information, said Thursday it raised $4.4 million in a private placement.

Motorola participated in the round, its second investment in the Pittsburgh-based company. According to TissueInformatics, Motorola’s biochip division “sees potential” for the company’s software as a complement to its efforts.

On Thursday, the company also announced that Dennis Meteny, who helped to orchestrate the recent round of financing, was appointed president and chief operating officer.

Meteny was previously president and CEO of Respironics, a respiratory device company that he helped to raise from a start-up to a company with more than $350 million in sales.

TissueInformatics is gearing up to market its Tissue Information Solutions within the next 18 months. The company also expects to close another round of financing this spring.

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