Epsilon Imaging is bringing in a lot of money these days - both revenues and seed capital. The Ann Arbor-based startup makes a software upgrade to cardiac ultrasound. It raised a $4.25 million in a Series B last year and is in the midst of raising another round of seed capital. The target for that raise: $5 million. The goal to get it done: this summer.
"The market window has opened for us," says Eric Sieczka, CEO of
Epsilon Imaging.
The 7-year-old company develops and markets EchoInsight, a solution that improves the diagnostic accuracy of existing echo cardiograms by providing quantitative analytics and standardization of interpretation.
"Our product is applicable to the whole heart," Sieczka says.
The
American Society of Echocardiography recently issued updated guidelines and recommendations for the use of quantification and strain imaging for echo cardiography, and the
American Medical Association has approved a new current procedural terminology code for strain imaging. Sieczka believes these events will opens a market window for the rapid adoption of EchoInsight. It's currently used by a number of major institutions and hospitals around the world.
"We have a pretty good foothold in the U.S.," Sieczka says.
Epsilon Imagining currently has a staff of nine employees and an intern. It has hired a CFO over the last year and is looking to add another person (a software developer) right now.
Source: Eric Sieczka, CEO of Epsilon Imaging
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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