Breast cancer diagnostics co Vayyar Imaging raises $12m

Vayyar is developing a processor that uses radio frequency waves for the early detection of breast cancer.

Cancer diagnostics start-up Vayyar Imaging Ltd. has raised $12 million from Battery Ventures, Bessemer Venture Partners, and Israel Cleantech Ventures Funds, according to IVC Online.

Vayyar Imaging was founded in 2010 by Raviv Melamed, formerly VP at Intel Israel's wireless division, and Naftali Hayat, formerly chief scientist at Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR). The company has no website, and its executives declined to confirm or deny that it raised the capital.

Vayyar is developing a processor that uses radio frequency waves for the early detection of breast cancer. The idea is to detect breast cancer at an earlier stage and to slash the cost of the procedures compared with current diagnostic technologies, such as mammograms. The company will probably use the proceeds to further develop its product.

Published by Globes [online], Israel business news - www.globes-online.com - on August 2, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס