Redwood City's Rubicor raises $30M

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Safeguard Scientifics Inc. said Thursday it led a $30 million funding of Rubicor Medical Inc., a developer of disposable, noninvasive breast biopsy devices.

The Wayne, Pa., company (NYSE:SFE) invested $20 million in the third-round of equity financing of the Redwood City company. ITX International Equity Corp. of Mountain View, Calif., provided $5 million of the financing. Safeguard said it expects the rest of the financing to come from Rubicor's chairman and CEO, Dr. James W. Vetter, and other founding shareholders of the company.

Safeguard invests in and works with life sciences and information-technology companies.

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