InSightec raises $15 million

Israeli focused-ultrasound developer InSightec has signed an agreement for an internal round of financing totaling $15 million in convertible notes.

The financing comes from the company's current investors: Elbit Medical Imaging, GE Capital Equity Holdings, and venture capital firm MediTech Advisors, according to the Tirat Carmel-based vendor.

InSightec reported that the funds would be used to expand its research and development efforts, for marketing and sales activities, and for general corporate purposes.

By AuntMinnie.com staff writers
August 10, 2006

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