U-Systems Lands $6,500,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ae861b9-6603-45e2-9bbd-fd4251990a6b&Preview=1 -
Date
5/9/2011 -
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
$6,500,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The company will use the funds to complete a clinical study, and complete submissions for regulatory approval with the Food and Drug Administration. -
M&A Terms
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Venture Investor
iD SoftCapital Group -
Venture Investor
Sycamore Ventures -
Venture Investor
Lumira Capital -
Venture Investor
Radius Ventures
