Sarnoff spinout Intuity Medical has received cash from a range of existing and new venture capital investors to boost its total funding to nearly $200m.

Intuity Medical, a US-based diabetes-focused medical device developer spun out of research organisation Sarnoff Corporation, closed a $40m funding round on Thursday led by venture capital firm PTV Healthcare Capital.

The deal, dubbed a series 3 round by Intuity, also featured Luther King Capital Management, Accuitive Medical Ventures, Investor Growth Capital, US Venture Partners, Venrock and Versant Ventures. 

Founded in 2002 as Rosedale Medical, Intuity has developed a blood glucose monitoring system called Pogo that allows diabetes patients to test…