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Massachusetts tech startup MC10, maker of bendable electronics that can conform around surfaces, gets a cash injection from medical device giant Medtronic.

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Medical device company Medtronic (NYSE:MDT) put down a $10 million investment into Massachusetts tech startup MC10, maker of malleable electronics that can stretch over a surface.

"The work that MC10 is pursuing on flexible electronics has myriad applications in the device industry," Medtronic senior vice president for medicine & technology Dr. Stephen Oesterle, who will join MC10 as a board observer, said in prepared remarks. "Several of our business units have been collaborating with MC10 for many years, and this investment should catalyze an expanded relationship between our two companies."

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