Wednesday, December 12, 2018

Magnetic Insight Picks Up $18M

Alameda-based Magnetic Insight, a developer of in vivo, deep tissue imaging technology, said on Wednesday that it has raised an $18M, Series A financing round. The funding was led by 5AM Ventures. The company also has raised funding from Sand Hill Angels, CEG Ventures, StartX-Stanford Fund, and SVTech Ventures. As part of the funding, the company said 5AM Ventures' David Allison and Joe Victor, the CEO of RareCyte, have joined the company's board of directors.