Photo: Mandi Wright ~ USA TODAY NETWORK
ANN ARBOR, Aug. 11, 2025 ~ A spinout company of the University of Michigan that focuses on helping people with tumors had a majority of its shares recently purchased by a group of investors that includes billionaire Jeff Bezos.
HistoSonics is a company based in Plymouth that uses ultrasound waves to target tumors, which allows for treatment without invasive surgery. A consortium comprised of San Francisco-headquartered K5 Global, Jeff Bezos’ Bezos Expeditions and Boston-based Wellington Management purchased approximately two-thirds of the company, with K5 Global having also backed SpaceX and OpenAI, according to Crain’s Detroit Business. HistoSonics is now worth $2.25 billion.
PODCAST:
Aug. 11, 2025 ~ Crain’s Detroit Business Managing Editor Mike Lee talks with Chris Renwick, Lloyd Jackson, and Jamie Edmonds about a University of Michigan spin-out using sound waves to destroy tumors, New Buffalo, Michigan, becoming a hub for cannabis dispensaries, Yingling bear now becoming available on Michigan, Mary Sheffield dominating the Detroit primary election, and more.
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