Burnaby medical device firm Kardium raises $104M, led by Fidelity, for expansion and hiring, with focus on its atrial fibrillation treatment device.

Burnaby medical device firm Kardium raises $104M in financing round led by Fidelity Management & Research Company LLC. The company plans to use the funds to expand its manufacturing capabilities and hire more workers. Kardium's Globe Mapping and Ablation System aims to treat atrial fibrillation (an irregular heartbeat) more efficiently, helping millions of patients worldwide.