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Aspect Medical Systems

This article was originally published in The Gray Sheet

Executive Summary

Negotiates venture financing of approximately $8.3 mil. Harvard Management Company's Aeneas Group will provide funds, as will current investors Merrill Pickard Anderson & Eyre, New Enterprise Associates, Catalyst Ventures, Mayfield Fund and Sutter Hill Ventures. Upon completion of the transaction, Aeneas Vice President Marc Silver will become the seventh member of Framingham, Massachusetts-based Aspect's board. Proceeds will be used for sales expansion, for marketing and manufacturing operations and to "accelerate certain research and development efforts," according to the firm. Aspect began shipments of its first product, the A-1000 electroencephalographic (EEG) monitor, this month. The firm also is conducting trials to support a PMA application for an anesthesia monitoring system.

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