U-Systems Lands $6,500,000 New Financing Round

  • Feed Type
  • 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