Tech Company Financing Transactions
U-Systems Funding Round
U-Systems, based in Sunnyvale, raised $10 million in investment from iD SoftCapital Group, Lumira Capital and Radius Ventures.
Transaction Overview
Company Name
Announced On
3/25/2010
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series F
Investors
iD SoftCapital Group (Lead Investor) (Wu Chen)
Radius Ventures (Jan Rock)
Sycamore Ventures (Jonas Wang)
Proceeds Purpose
This funding will enable us to complete our groundbreaking clinical trial, the SOMO·INSIGHT Clinical Study, designed to evaluate whether the somo�v� Automated Breast Ultrasound System (ABUS) from U-Systems in combination with digital mammography is more sensitive to detecting breast lesions when compared to mammography alone in women with dense breasts.
Company Information
Company Status
Acquired or Merged
Industry
Medical Devices & Instruments
Mailing Address
447 Indio Way
Sunnyvale, CA 94085
USA
Sunnyvale, CA 94085
USA
Phone
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ronald Ho
Chief Financial Officer
Fred Ong
Founder
Bob Wang
VP - Engineering
Jiayu Chen
VP - Regulatory Affairs
Lisa Scott
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