iWalk Steps Up with $15M More, Report Says

1/11/11

Cambridge, MA-based iWalk, the developer of an advanced prosthetic ankle and foot, has raised $15 million in its third round of financing, according to a report by Scott Kirsner of the Boston Globe. Boston-area venture firms Sigma Partners and General Catalyst participated in the round, as well as New York-based WFD Ventures, the report says. iWalk was founded in 2006 by MIT Media Lab professor Hugh Herr, and is led by CEO Tim McCarthy.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @

  • Steve

    Its hard to figure out what investor Sigma Partners, General Catalyst Partners and New York-based WFD Ventures LLC as well as Sigma’s Paul Flanagan see in iwalk. The company has been through 4 round of funding since it begain and 3 teams of engineers without delivering a production product. In fact one should wounder why the founder Hugh Herr still walks on an old school Carbon. I’m glad its not my money being invested.