Life Imaging gets $3 million infusion

Three-dimensional ultrasound developer Life Imaging Systems has received a $3 million (Canadian) private placement from a Canadian investment firm. The cash infusion is part of a total investment of $8 million made in Life by Sofinov, Societé financière d’innovation, of Montreal, Quebec.

Life plans to use the money for product commercialization and market expansion purposes, according to the company. Life, of London, Ontario, recently assembled a marketing team and developed a new corporate identity. It plans to display its products at this year’s Radiological Society of North America meeting.

Life’s L3D family of products are targeted at ultrasound OEMs and enable users to assemble 3-D ultrasound images from 2-D scans.