Median gets 4 million euro boost

French computer-aided detection (CAD) developer Median Technologies has raised 4 million euros ($5.2 million U.S.) in a second round of financing.

The Sophia Antipolis, France-based firm said that it had received the funds from AGF Private Equity, Auriga Partners, and Draper Fisher Jurvetson ePlanet Ventures. In addition, the University of Chicago, Median's scientific partner, became a shareholder in the company.

Median said the financing will enable it to accelerate marketing in the U.S. and Europe of its CAD-Lung application for lung cancer, and CAD-Colon application for colon cancer.

By AuntMinnie.com staff writers
November 24, 2004

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