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Home » LifeImage drums up nearly $2.2 million

LifeImage drums up nearly $2.2 million

January 13, 2010 By MassDevice staff

LifeImage Inc. drummed up another $2.2 million in an equity sale during its second round of financing.

The Newton, Mass.-based company makes software for sharing medical images using so-called “cloud computing,” or Web-based servers, to store and share the images.

LifeImage closed its first funding round, for just more than $2.2 million, in March, 2009, according to securities filings. The most recent round closed Jan. 11, according to a regulatory filing.

In December, CEO Hamid Tabatabaie told the Xconomy website that demand for the most recent round caught him by surprise.

“I’ve built five healthcare IT companies,” Tabatabaie, the onetime CEO of Boston-based radiology imaging software firm Amicas (NSDQ:AMCS), told the website. “I’ve never had anything like this [rate of adoption] before.”

LifeImage’s customers include Mass. General Hospital, where some of its technology originated, Continuum Health Partners in New York and Montefiore Medical Center in the Bronx.

Filed Under: Business/Financial News, News Well, Software / IT Tagged With: LifeImage Inc.

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