Calypso closes $50M funding

Electromagnetic localization developer Calypso Medical Technologies of Seattle has closed on a $50 million round of financing.

The financing was led by venture capital firms Skyline Ventures and Frazier Healthcare Ventures, and also included Bay City Capital and InterWest Partners. Proceeds from the financing will be used to support the firm's commercial expansion, both in the U.S. and internationally, as well as the development of products to support new clinical indications and the continued integration of the company's Calypso system with existing linear accelerators and other radiation therapy technologies.

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Calypso, Siemens join forces, September 22, 2008

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