New investment for Fusion firm

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FUSION IP, the Sheffield-based investment group that finds funds for spin outs from Sheffield and Cardiff Universities, says one of its portfolio companies has raised a further £1.25 million.

Asalus Medical Instruments will use the money to complete work on manufacturing and CE safety testing of its Ultravision technology before launching it later this year.

Ultravision is one of a number of products developed by Asalus to aid surgeons involved in keyhole surgery.