New financing for U-Systems

AuntMinnie.com staff writers
Dec 21, 2003

Full-field breast ultrasound developer U-Systems has secured $25.6 million in additional venture capital funding. Siemens Venture Capital participated in this financing round, which was led by Sycamore Venture Partners of Princeton, NJ.

San Jose, CA-based U-Systems said it would use the funds to build out its manufacturing and sales groups for the launch of its technology in the first quarter of 2004. Siemens Venture Capital head Dr. Andrew Jay said that Siemens Venture Capital is supporting Siemens Medical Solutions in its efforts to bring improved cancer diagnostic technologies to patients around the world.

By AuntMinnie.com staff writers
December 22, 2003

Related Reading

U-Systems develops CAD tools for breast ultrasound, February 27, 2002

Copyright © 2003 AuntMinnie.com

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