Deepsight Technology Lands $25 Million Series A

<p><strong><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;strong>&&num;8212&semi; DeepSight Technology has landed a <span class&equals;"xn-money">&dollar;25<&sol;span> million Series A funding round led by Deerfield Management Company&comma; a healthcare investment firm&comma; with additional funding from Wing&comma; Alter Venture Partners&comma; and Time BioVentures<&sol;p>&NewLine;<p>&&num;8220&semi;We are excited to be on the frontier of advancing medical imaging&comma;&&num;8221&semi; said founder and CEO <span class&equals;"xn-person">Nader Sadrzadeh<&sol;span>&period; &&num;8220&semi;Based on internal studies&comma; our technology has the potential to achieve 100 times greater sensitivity&comma; ultimately allowing us to deliver better patient care&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Founded in 2019&comma; DeepSight is augmenting diagnostic medical imaging with the introduction of novel ultrasound technology&comma; using patented hardware&comma; software&comma; and AI algorithms to deliver 100 times higher sensitivity than other ultrasound systems in the market&period; Existing ultrasound technologies are limited by sensitivity&comma; depth penetration and clarity&period; DeepSight improves ultrasound image quality and more than doubles the effective range when compared to conventional technologies&period;<&sol;p>&NewLine;<p>&&num;8220&semi;DeepSight Technology provides a potential platform opportunity to enhance non-invasive and invasive medical imaging for multiple diagnostic procedures&comma; and in turn&comma; improve the patient care process with more efficacious testing that costs less&comma;&&num;8221&semi; said <span class&equals;"xn-person">Steven Hochberg<&sol;span>&comma; Partner at Deerfield&period; &&num;8220&semi;We are pleased to be leading this Series A financing in a novel medical device technology which has the potential to help advance a range of imaging procedures&period;&&num;8221&semi;<&sol;p>&NewLine;