UCLA spin-out Tribogenics landed $2.5 million from a network of angel investors and Flywheel Ventures for the commercialization of its next-generation x-ray technology.
Tribogenics’ technology, developed at UCLA by Carlos Camara, enables low-cost X-ray sources for scientific instruments, security screening and medical devices.
"In a lifetime, a venture capitalist may only see a handful of investments with this amount of economic and human potential, and I couldn’t be more excited to assist the Tribogenics team in realizing that potential," Flywheel Ventures’ Trevor Loy said in prepared remarks.
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Newly appointed CEO Dale Fox will lead the commercialization. "Tribogenics technology will enable small mobile X-ray devices that are not possible using existing technology. I’m excited to be leading such an experienced team to bring these solutions to market," Fox said in a statement.
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