Wednesday, July 1, 2009

PhysioSonics Confirms $2.0M Fundraising

Bellevue-based PhysioSonics officially confirmed the firm's recent $2.0M financing in a second tranche of a Series A this morning, saying that the funding came from an unnamed strategic investor. The firm said the follow on investment brings its total Series A funding to $6.0M. PhysioSonics is developing technologies for the life sciences market, including an ultrasound-based neuromonitor. The firm said the new funding will go towards commercialization of its product. The funding had been disclosed last week in a regulatory filing, and has also been widely covered. More information »