VuComp is on a roll—and ready for a market rollout. The Plano-based company recently raised $5 million in capital to beef up sales and marketing—on top of the $25 million it had already pulled together. Last October, it received Federal Drug Administration approval to market the second version of its computer-aided detection system for digital mammography.
VuComp develops CAD systems for automatic analysis of medical images. The use of its technology has been shown to lower false positives. Its system analyzes a mammogram using advanced mathematical algorithms to search for suspicious areas and mark them with outlines that indicate the nature of the potential abnormality.
The patented SmartMarks technology provides a level of clarity that allows radiologists to zero in on the marked area, rather than wondering what the CAD is saying.
The company was founded in 2001 by Jeffrey Wehnes, CEO; James Pike, director of algorithm development; and Larry Hanafy, who now serves in an advisory capacity. The three engineers had worked together in Texas Instruments’ missile systems department since the mid-1980s, creating the technology that allowed missiles to read and interpret targets using automated intelligence.
