Epsilon Imaging is spinning its way to growth in both products and staff. The Ann Arbor-based bio-tech start-up, spun out of
in 2008, is commercializing its technology and adding to its staff.
The 3-year-old company has hired three people over the last year, including employees who specialize in sales and marketing. The company now employs 11 staffers and expects to keep growing. Epsilon Imaging is also raising a bridge-capital round between $1.5 million and $2 million of convertible debt with angel investors. The start-up's leadership hopes to close the round this year.
"We already raised a pretty good part of it," says Eric Sieczka
, CEO of Epsilon Imaging
. "We are just looking to close the round."
is developing an ultrasound for cardiac imaging that quantitatively measures the strength and weakness of the heart's muscles. It recently commercialized its first software application and it's being used at nine health systems, mostly in Metro Detroit. The start-up expects to bring its second system online by the third quarter of this year.
"We're expecting pretty good growth here in the next 12-18 months," Sieczka says.
Source: Eric Sieczka, CEO of Epsilon Imaging
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.