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)

Lumira Capital

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
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
U-Systems LinkedIn Company Profile
Social Media
U-Systems Company Twitter Account
Company News
U-Systems News
Facebook
U-Systems on Facebook
YouTube
U-Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ronald Ho
  Ronald Ho LinkedIn Profile  Ronald Ho Twitter Account  Ronald Ho News  Ronald Ho on Facebook
Chief Financial Officer
Fred Ong
  Fred Ong LinkedIn Profile  Fred Ong Twitter Account  Fred Ong News  Fred Ong on Facebook
Founder
Bob Wang
  Bob Wang LinkedIn Profile  Bob Wang Twitter Account  Bob Wang News  Bob Wang on Facebook
VP - Engineering
Jiayu Chen
  Jiayu Chen LinkedIn Profile  Jiayu Chen Twitter Account  Jiayu Chen News  Jiayu Chen on Facebook
VP - Regulatory Affairs
Lisa Scott
  Lisa Scott LinkedIn Profile  Lisa Scott Twitter Account  Lisa Scott News  Lisa Scott on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/24/2010: Abiquo venture capital transaction
Next: 3/25/2010: Allocade venture capital transaction

 

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