Tech Company Financing Transactions
U-Systems Funding Round
On 6/27/2007, U-Systems landed $16.5 million in funding from Siemens Venture Capital, Kinetic Ventures and MDS Capital.
Transaction Overview
Company Name
Announced On
6/27/2007
Transaction Type
Venture Equity
Amount
$16,500,000
Round
Undisclosed
Investors
Siemens Venture Capital (Lead Investor) (Andrew Jay)
MDS Capital (Nandini Tandon)
Sycamore Ventures (Jonas Wang)
Proceeds Purpose
"This funding will enable us to expand our sales and marketing organizations as well as continue our investment in product development and clinical investigations," said Joseph Pepper, President and CEO of U-Systems.
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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