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Medical aesthetics device company Applisonix has raised $4.5 million August 2, 2006

Posted by israelhealthcare in Medical Aesthetics Device.
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Medical aesthetics device company Applisonix has raised $4.5 million in investment round led by Infinity Venture Capital. 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.

The financing is earmarked to support the continuation of product development and the commencement of clinical trials. Applisonix focused on developing and marketing a breakthrough hair removal solution utilizing ultrasound (HIFU) technology.

Applisonix’s technology offers an easy and painless means to get rid of unwanted hair for a long period. It doesn’t burn the skin and works with all hair and skin pigment types. The global hair-removal market is estimated at more $5 billion.

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