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ACQUIRED COMPANY
 
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U-Systems  Acquired by GE Healthcare (2012  amount undisclosed )

447 Indio Way
Sunnyvale, CA 94085
USA
(408) 245-1970
Website Company Summary Management Team
Management

CEO: Ronald Ho (08/07/2008)
President/COO/Operations: Robert F. Lawrence
General Management: Jeanine Rader
Finance: Fred Ong (2007)
Technology: Jiayu Chen
Customer Service: Robert M. Foley
Board

Outside board: (May no longer be on the board) Wu-Fu Chen (iD Innovation) John D. Pavlidis (ESTECH CEO) Bob Wang (U-Systems Chairman) Ed Yang (iD Ventures America) Nandini Tandon (Lumira Capital Managing Director);  Peter Gerry (Sycamore Ventures Managing Partner)
Former outside board: Nancy D. Burrus (Indosuez Ventures Partner);  Andrew T. Jay (Siemens Venture Capital);  Vincent Lum (MDS Capital Former Venture Partner);  Doug Orr (J&M Group President);  Jan Rock (MedCapital);  Jonas Wang (Sycamore Ventures)
Company

Business description: U-Systems Inc designs, develops and markets innovative, cost-effective, ultrasound systems to assist the radiologist in detection of breast cancer. The company has developed a leadership position in advanced imaging systems and incorporated proprietary hardware and software technology in its first system offering: the Full-Field Breast Ultrasound System (FFBU). The FFBU automatically images the whole-breast and immediately presents the results to the physician in a readily usable format making possible high volume, cost-effective ultrasound imaging of dense breasted women. The FFBU™ system automatically images the whole-breast and provides a unique Somogram™ of the scanned breast. The Somogram is an ultrasound image configured to look like a mammogram in the standard mammographic views (e.g. CC, MLO). Thus, Somogram allows one-to-one correlation between the ultrasound images and the mammogram, which is expected to improve and enhance the current ultrasound practice in early detection and diagnosis of breast cancer and breast diseases.
Capital

Rounds: 8
Recent Fundings: Jun 2012   May 2011
Capital raised: 80.0M
Last Round: 5.0M
Ownership: Acquired by GE Healthcare (2012  amount undisclosed )
VCs include: Sycamore VenturesWI Harper Group;  Pacific Rim Ventures;  Harbinger Venture ManagementRadius Ventures;  Softbank Life Science Ventures;  MDS Health Ventures;  EDB;  AmKey Ventures;  Indosuez Ventures;  iD Innovation;  President International Development Corp.;  China InvestmentAndDevelopment;  TSC Bioventures;  iD SoftCapital Group ;  Lumira Capital
Corporate investors: Digital OriginSiemens Venture CapitalCitigroupKinetic Ventures;  United MDS

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Overview
Record updated: Jul 2013
Sector: Medical
Year Founded: 1997
Rounds: 8
Recent Fundings: Jun 2012   May 2011
Capital Raised: 80.0M
Last Round: 5.0M
Ownership: Acquired by GE Healthcare (2012  amount undisclosed )