Novasonics gets second round of financing

Miniaturized ultrasound developer Novasonics has received $9.5 million in equity financing, the company said. The investment -- the second round of equity financing for the Menlo Park, CA-based firm -- was led by international venture capital firm Earlybird, and included healthcare and information technology venture capital firm Frazier & Company. With its "pocket-sized" ultrasound technology under development, Novasonics hopes to expedite diagnoses, simplify logistics, and reduce procedure costs by allowing for high-quality ultrasound at the point of patient care.

By AuntMinnie.com staff writers
September 19, 2000

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