A local company is planning to increase the number of technology sales jobs Phoenix has to offer with a new round of funding. Visit http://jobs.insight.com to see more local job openings.
Ulthera, Inc. recently received a total of $10.5 million in funding from New Enterprise Associates and Apposite Capital LLP. The Mesa-based company produces ultrasound technology that is capable of rejuvenating skin.
The company plans to use the funding in part to hire new employees in order to keep up with anticipated growth. Ulthera currently employs about 50 people and plans to hire about 30 more throughout the next year. About 10 to 15 of those jobs will be in the Phoenix area.
"Ulthera's growth has been truly impressive, especially since receiving FDA clearance in late 2009," Dr. Justin Klein, principal of New Enterprise Associates and an Ulthera board member, told the Phoenix Business Journal.
"NEA looks to invest in companies that bring highly differentiated technologies to meet the needs of medical professionals and consumers, and we are enthusiastic about Ulthera's future prospects," he added.
The local economy will benefit from the additional jobs. During December, the Phoenix area's unemployment rate decreased to 8.4 percent - which was below the national average at the time of 9.4 percent - after staying at 8.5 percent for two months in a row.
The Phoenix-Mesa-Glendale area employed about 1,741,700 workers during December, which is up from 1,738,600 workers during November and a 1.7 percent increase from the previous year, according to the U.S. Bureau of Labor Statistics.
Aside from expanding its workforce, Ulthera also will use the funding to develop new clinical applications for the company's technology, as well as to continue developing new products.
The company's FDA-approved ultrasound system uses traditional ultrasound images and focused ultrasound therapy to rebuild collagen, which lifts and tones the skin. Ulthera offers face and neck treatments and eyebrow lifts.