R2 Technology, a Los Altos, CA-based computer-aided detection (CAD) software developer, announced raising $16 million in its most recent round of venture capital funding. The total financing to date obtained by the company is $60 million.
The company plans on using the investment capital to fund further development of its ImageChecker software. The product, which performs more than 9 billion calculations on a mammography film to identify suspicious lesions indicative of breast cancer, is the first FDA-approved CAD system on the market
By AuntMinnie.com staff writersJanuary 2, 2001
Related Reading
Kodak takes equity stake in R2, November 24, 2000
iMammogram.com launches CAD service, September 20, 2000
R2 names Klein as CEO, May 19, 2000
R2 Technology highlights journal study, May 3, 2000
R2 gets approval to market ImageChecker in Japan, February 7, 2000
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