PhysioSonics raises cash

PhysioSonics, a University of Washington spin out that's developing an ultrasound device to monitor blood flow in the brain, has raised $2 million in funding to move toward commercialization of its first product. Chief Executive Brad Harlow declined to say when the Seattle company might roll out the system, but he added that it is "moving along faster than any of us expected."

The technology traces its roots to research at the UW developed nearly a decade ago, but was only licensed out a couple years ago.

Typically, hospital staff press an ultrasound machine against a patient's head in order to get the blood flow information. But Harlow said his company's technology automates that process with a small device that a patient wears during the procedure that provides read outs to doctors and nurses.

Investors in the company include Johnson & Johnson Development Corp. and an undisclosed "strategic" partner. The company raised $4 million for the neuromonitor last year, with Harlow saying that investors have committed another $1.5 million to close later this year.

About John Cook

John Cook is co-founder and executive editor of TechFlash. He has been covering the technology beat for nearly a decade, writing about startups, entrepreneurs and venture capital, most recently serving as a reporter/blogger at the Seattle Post-Intelligencer.

READ FULL BIOGRAPHY

206-876-5441

@johnhcook

Recent Sponsor Posts

Attention Web Developers

Join the Microsoft WebsiteSpark program and get software, support and visibility – at no upfront cost. You’ll benefit from fast and easy access to current Microsoft development tools, platform technology and server products including Visual Studio, Expression Studio, Silverlight, Windows Web Server 2008 and SQL Server 2008 Web.

Seattle-based Adhost is a WebsiteSpark hosting partner providing dedicated servers with free Windows Web Server 2008 and SQL Server 2008 licensing for three years to Web developers enrolled in WebsiteSpark. Servers are located in our secure data center with SAS 70 Type II certification, 24x7 technical support and 24x7 client access.

Join today.

MORE INFORMATION

WTIA 15th Annual Industry Achievement Awards

Held on March 4^th at the Showbox SODO, this casual event celebrates and recognizes some of the best emerging and established companies in the Washington Tech Industry. The evening will feature a finalist company technology showcase and a variety of coffee, chocolate, and wine samples from local companies. More than 800 attendees are expected to be present at the celebration. Public online voting for Technology Leader of Tomorrow Scholarships will open February 3^rd on the WTIA site.

We congratulate the 2010 finalists and look forward to unveiling the winners on March 4^th. REGISTER NOW!

Beyond the iPhone

Mobile applications are a cutting-edge way to extend your brand’s reach into the hands of consumers 24/7. Increase loyalty and customer engagement by developing a targeted and effective mobile application. Learn the basics about mobile applications by reading our white paper Beyond the iPhone: Engaging Customers with Mobile Applications.

If you’re considering a mobile initiative for Q1-2010, now is the time to get started. The white paper covers: Venturing into Mobile Application Development, Typical Problems to Avoid, and Developing the Solution. Reaxion is a Seattle-based mobile application development company focused on start-to-finish project management and cost-effective development. Download Beyond the iPhone: Engaging Customers with Mobile Applications.

MORE INFORMATION