Xthetix Raises $2M

Phoenix, Arizona-based Xthetix announced today that it has raised $2M in Series A funding from venture capital firm 3i. Xthetix is developing therapeutic ultrasound products for the aesthetics market, to treat acne. Allan Ferguson of 3i joins the firm's board as part of the funding. The founders of Xthetix also founded 3i portfolio firm Ulthera, also located in Phoenix. More information »