News | January 09, 2008

Confirma Seals $17.5 Million Financing Deal

January 10, 2008 – Confirma raised a $17.5 million Series C round led by Telegraph Hill Partners, joined by Northwest Venture Associates, Prism Ventureworks and Versant Ventures; the investment will be used to fund the company’s operations and new product development.

Additions to the company’s Board of Directors include, Dr. Tom Raffin and Jeff Calhoun from Telegraph Hill, and Denny Weston from Fluke Ventures.

Confirma’s latest achievement, the CADstream system, automates analysis, reporting and interventional planning of studies and promotes standardization with the incorporation of the American College of Radiology’s Breast Imaging Reporting and Database System (BI-RADS), which guides the breast cancer diagnostic routine and decision-making process. Confirma’s next-generation version of CADstream for breast MRI, launched at the 2007 RSNA meeting, includes a new customizable BI-RADS-centric user interface that accommodates a variety of user experience levels. Additional CADstream enhancements planned for future release include improved 3D renderings and tools for morphology reporting.

For more information: www.confirma.com

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