The money also will help fund clinical trials for additional indications and the expansion of its manufacturing capabilities.
The startup affiliated with Johns Hopkins University said it is opening a bridge round for its series B financing as it targets more applications for the robotic surgery assistant.
Congress granted the agency authority to deny premarket submissions that lack cybersecurity information, starting in October.
Medtronic has made the sensor smaller and eliminated the need for fingersticks to calibrate the device, bringing a challenger to market leaders Abbott and Dexcom.
Scientists discover how stress activates the same receptors as THC
The device contains encapsulated cells that produce insulin, plus a tiny oxygen-producing factory that keeps the cells healthy.
The company is making the case that the system reduces recurrence, scar size and opioid use