United States · Who invested in Modulated Imaging?
Modulated Imaging's investors include Mitsubishi UFJ Capital, Grey Sky, Fresenius, Fouse KK and Grey Sky Venture Partners/ Mitsubishi UFJ, and 2 more on record.
20182019
$2.9MSeries A$7.0MSeries BUnited States · Series B startup
Who invested in Modulated Imaging
2 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Funding summaryUpdated 26 Oct 2026
$9.9Mraised across 2 rounds since 2017, from 2 sources
$2.9MSeries A$7.0MSeries B
- Latest round
- Series B, $7.0MJan 2019
- Step-upi
- 2.4×
- Investors
- 7
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series A, $2.9M Nov 2017
- Biggest round
- $7.0M Series B · Jan 2019
- Between rounds
- 14 months from the last two
The rounds
- Jan 2019Series B$7.0M4 new
Mitsubishi UFJ Capital- Grey Sky
- Fouse KK
- Pangaea Ventures/ Fresenius Medical Care
Reported by FinSMEsSEC filing: $7.0M sold, first sale Dec 2018
- Nov 2017
Founders and team
From the SEC filings it signed: 3 on the team.
- David CucciaExecutive Officer, Director, Promoteri
- Michael DuttonExecutive Officeri
- Richard OberreiterExecutive Officer, Promoteri
On the board, as filediFrancis DuhayJanelle GoulardKeith BennettRandall Lunn
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Series A2017Series B2019Mitsubishi UFJ CapitalGrey SkyFreseniusFouse KKGrey Sky Venture Partners/ Mitsubishi UFJHamamatsu Photonics K.KPangaea Ventures/ Fresenius Medical Care
Mitsubishi UFJ CapitalGrey SkyFreseniusFouse KKGrey Sky Venture Partners/ Mitsubishi UFJHamamatsu Photonics K.KPangaea Ventures/ Fresenius Medical CareEveryone who backed them
Grey SkyVC firm1round
FreseniusInvestment firm1round
Fouse KKno record of our own yet1round
Grey Sky Venture Partners/ Mitsubishi UFJno record of our own yet1round
Hamamatsu Photonics K.Kno record of our own yet1round
Pangaea Ventures/ Fresenius Medical Careno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Quick answers about Modulated Imaging
How much has Modulated Imaging raised?
Modulated Imaging has raised $9.9M across 2 rounds since 2017.
When did Modulated Imaging last raise?
Modulated Imaging's most recent round was a Series B of $7.0M in Jan 2019.
What was Modulated Imaging's biggest round?
Its most recent round, $7.0M in Jan 2019, is also its largest on record.
Who backed Modulated Imaging first?
Modulated Imaging's first round on record, in Nov 2017, was backed by Fresenius, Grey Sky Venture Partners/ Mitsubishi UFJ and Hamamatsu Photonics K.K.
What stage is Modulated Imaging at?
Modulated Imaging's latest named round is a Series B, in Jan 2019.
Where is Modulated Imaging based?
Modulated Imaging is based in the United States.
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