IP Group and angel investors are investing in the Oxford spin-out.
Intelligent Ultrasound, an image analytics spin-out of Oxford University, has raised £1.3m ($2m) in a funding round led by IP Group with participation from angel investors.
IP Group is investing £810,000, while existing and new angels are putting up £490,000. IP Group’s investment is subject to conditions, with a first part of £260,000 invested now and a further £550,000 subject to commercial milestones.
The company was spun out of Oxford’s Institute of Biomedical Engineering in 2012, and is commercialising its…
