ViOptix snags $7.4M to measure tissue oxygen
Biotech firm ViOptix just tacked $4.4 million onto an already $12.2 million fourth round of funding and landed $3 million in debt financing to break even, reports VentureWire. The Fremont, Calif. company says this will be its last round of venture capital.
Around since 1999, ViOptix has pioneered a device that allows doctors to detect how much oxygen exists in human tissues through a non-invasive procedure. No plans for the new money, beyond self-sufficiency, have been… Continue Reading
U-Systems raises $16.5M for breast ultrasound systems
U-Systems, a San Jose, Calif., maker of ultrasound systems for breast imaging, raised $16.5 million in a fifth round of funding. The company, founded in 1997, markets its systems for the early detection of breast cancer, particularly in women with dense breast tissue.
Although based in Silicon Valley, the company has strong ties to Taiwan. Siemens Venture Capital led the round, joined by Sycamore Ventures, MDS Capital, Radius Ventures, Kinetic Capital, United Investments of Taiwan, President… Continue Reading