U-Systems Receives $10,000,000 Series F Round

  • Feed Type
  • Date
    3/25/2010
  • Company Name
    U-Systems
  • Mailing Address
    447 Indio Way Sunnyvale, CA 94085
  • Company Description
    U-Systems, Inc., founded in Silicon Valley in 1997, designs, develops, manufactures and markets innovative ultrasound systems to assist the radiologist in the diagnosis of breast cancer. The company has developed a leadership position in advanced ultrasound breast imaging systems and has incorporated proprietary hardware and software technology in the Full Field Breast Ultrasound System.
  • Website
    http://www.u-sys.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series F
  • Proceeds Purposes
    This funding will enable us to complete our groundbreaking clinical trial, the SOMO·INSIGHT Clinical Study, designed to evaluate whether the somo•v™ Automated Breast Ultrasound System (ABUS) from U-Systems in combination with digital mammography is more sensitive to detecting breast lesions when compared to mammography alone in women with dense breasts.
  • M&A Terms
  • Venture Investor
    iD SoftCapital Group
  • Venture Investor
    Sycamore Ventures
  • Venture Investor
    Lumira Capital
  • Venture Investor
    Radius Ventures

By posting a comment, you agree to our terms and conditions.