Sirona Medical earlier this week filed an SEC Form D to confirm the sale of approximately $40 million in equity.
San Francisco-based Sirona filed the new notice for the equity sale on Nov. 10, with no intention to see the offering last longer than one year.
According to the filing, the offering is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer.
The total offering includes just shy of $40.4 million, with the recent fundraising from 28 total investors bringing the total raised in the offering to $39,999,865. Sirona still has $390,056 remaining to be sold.
Sirona develops AI-powered computational tools in the form of a radiology operating system designed to remove the tedious and laborious aspects of a radiologist workflow, streamlining and simplifying work for radiologists.