U-Systems Lands $6,500,000 New Financing Round
- Feed Type
- 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
- Venture Investor
iD SoftCapital Group - Venture Investor
Sycamore Ventures - Venture Investor
Lumira Capital - Venture Investor
Radius Ventures
