Swissray raises $12.5 million to fuel expansion plans:
This article was originally published in Clinica
Executive Summary
Swissray, the Elizabeth, New Jersey-based maker of direct digital radiography (ddR) products, has raised $12.5m. As well as existing investors, Massachusetts-based Audax Group and Commonwealth Capital Ventures, UK and Massachusetts-based 3i joined the round. "We are excited by the huge market opportunity for Swissray, and the chance to help the company expand its penetration in international markets," said David Shapiro, investment executive at 3i. Swissray intends to spend the money on expanding customer service and new product R&D.