Visunex rounds up $20M for newborn eye imaging system

Baby picture
Visunex, which makes wireless digital imaging systems to screen newborns for eye disorders, plans to launch another device in its PanoCam series later this year.

Visunex Medical Systems raised $20 million in a Series B round, which will expand its R&D and manufacturing operations. The company markets a wireless digital imaging system that screens for eye disorders in newborns.

The Fremont, California-based company markets the PanoCam suite of devices, wide-field digital imaging tools for newborns and infants.

The PanoCam LT system comprises an image-capturing device, review software and a color printer, which fit into a suitcase for easy transport. Images and data are transmitted wirelessly between the components and to the cloud.


Share your opinion. Take our five minute survey.

How do you select the most suitable advanced dosage forms for new molecules in your development pipelines? Share your insights in this 5-minute survey. The first 50 qualified respondents will receive a $5 Amazon gift card.

Related: Gobiquity picks up Series B to advance smartphone amblyopia screening app

Its followup, the PanoCam Pro, scored FDA clearance last year, and Visunex plans to launch another device later this year, according to a statement.

"This new round of funding brings the total investment into Visunex Medical to $32 million, and will allow the company to expand manufacturing operations to meet the market demand,” said Visunex CEO Wei Su in the statement. “We will also increase our investment in R&D, including resources, to bring additional products and clinical options through the development pipeline and into the market.”

Suggested Articles

The FDA approved a new device for people suffering from advanced heart failure who are not able to receive treatment from other devices.

Alcon has announced plans to launch its daily disposable contact lens in the U.S. made from a new material.

A mesh of integrated, electric sensors aims to track the earliest stages of tissue development and differentiation.