Samsung’s enterprise funding unit is seeking to put money into California-based medical gadget startup, Exo, in a spherical that would climb to $100 million, Bloomberg reported, citing nameless sources.
The spherical is being led by Sands Capital, Daring Capital and Qubit Well being Capital, the report mentioned, including that Qubit’s chairman, Imar Ishrak, would be part of Exo’s board.
Based in 2015, Exo makes handheld medical imaging units that use a mixture of synthetic intelligence, medical imaging and silicon know-how for ultrasound examinations like scanning lungs or echocardiograms. The gadget plugs right into a smartphone, and health workers can scan sufferers, doc, and share examination studies utilizing one app.
The corporate has to date raised greater than $320 million in funding from traders together with RA Capital Administration, BlackRock, Sands Capital, Intel, Sony, and Avidity Companions. The corporate most lately raised a $220 million in Collection C spherical in 2021.
Exo can be in talks to companion with Samsung Medison Co., which makes medical units for ultrasound diagnostics and digital X-ray programs, the report mentioned.
Exo, Samsung, Sands Capital, Daring Capital and Qubit Well being didn’t instantly return requests for remark.
