New device in development: ultrasound (HIFU)

Note this is a press release, and not a product announcement. No device has been created or evaluated by regulators for this purpose yet.

TEL AVIV, Israel–(BUSINESS WIRE)–Aug. 1, 2006–Infinity Venture Capital announced today it is leading a US $4.5 million investment round in Applisonix, a medical aesthetics device company focused on developing and marketing a breakthrough hair removal solution utilizing ultrasound (HIFU) technology. Other investors include Infinity’s technology incubator Maayan Ventures, Magari Limited, Cyventure Capital and Athena Cyprus, which is part of the Cyprus Funds and Kanit Group. Applisonix had a valuation of slightly more than US $6.5 million before this investment.