Fujifilm, Olympus and TechMatrix were among the participants in a round that boosted medical imaging technology spinout LPixel's funding to $35m altogether.
LPixel, a Japan-based imaging software spinout of University of Tokyo, has raised ¥3bn ($27m) in funding from investors including camera and optics technology producers Fujifilm and Olympus, TechCrunch Japan has reported.
IT equipment distributor TechMatrix and SBI Investment, a venture capital subsidiary of financial services provider SBI, also took part in the round, as did VC firm Cyberdyne and its CEJ Capital subsidiary, and fellow VC firm Jafco.
Founded in 2014, LPixel provides image analysis software and systems for the life sciences industry, in addition to diagnostics imaging technology to detect diseases including cancer.
The round follows an October 2016 round sized at approximately $6.8m, in which Jafco joined construction and engineering firm Toray Engineering, startup hub Misteltoe and undisclosed private investors.
– A version of this article first appeared on our sister site, Global Corporate Venturing.