Extra cash to fund Novasonics' handheld ultrasonics:
This article was originally published in Clinica
Executive Summary
Novasonics, of Menlo Park, California, has obtained $9.5 million of equity financing to fund development of its handheld ultrasound imaging instrument. Major investors in the company, founded in April 1999, were the venture capital firms Earlybird and Frazier & Co. The instrument is to be sold into traditional markets such as obstetrics and cardiac imaging, and into new point-of care applications such as triage by paramedics in ambulances.