Samsung’s enterprise funding unit is seeking to spend money on California-based medical gadget startup, Exo, in a spherical that might 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 gadgets 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 medical experts can scan sufferers, doc, and share examination experiences 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 not too long ago raised a $220 million in Collection C spherical in 2021.
Exo can also be in talks to companion with Samsung Medison Co., which makes medical gadgets 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.
