U-Systems adds to coffers

AuntMinnie.com staff writers
Jun 26, 2007

Breast ultrasound developer U-Systems has raised $16.5 million in additional venture funding.

The funding round was led by Siemens Venture Capital; other investors include existing U-Systems investors Sycamore Venture Capital, MDS Capital, Radius Ventures, Kinetic Capital, and United Investments. New investors included President International Development, iD Innovation, China Investment & Development, and TSC Bioventures, according to U-Systems of San Jose, CA.

U-Systems said it would use the funds to expand its sales and marketing organizations, as well as continue investment in product development and clinical investigations.

By AuntMinnie.com staff writers
June 27, 2007

Related Reading

Siemens to sell U-Systems breast US scanner, March 26, 2007

Road to RSNA, U-Systems, November 9, 2006

U-Systems scores sale, March 2, 2006

Road to RSNA, U-Systems, November 9, 2005

Copyright © 2007 AuntMinnie.com

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