Samsung’s Venture Investment Unit desires to invest in a California startup for medical devices, exo, in a round that can increase to $ 100 million, Bloomberg Reportedciting anonymous sources.
The round is run by Sands Capital, Bold Capital and Qubit Health Capital, adding that the chairman of Qubit, Omar Ishrak, will join the EXO board.
Founded in 2015, EXO produces manual medical imaging devices that use a combination of artificial intelligence, medical imaging and silicon technology for ultrasound tests, reminiscent of lung scanning or echocardiograms. The device connects to the smartphone, and doctors can scan patients and provide exam reports using one application.
Until now, the company has collected over $ 320 million of financing from investors, including Ra Capital Management, Blackrock, Sands Capital, Intel, Sony and Evivity Partners. The company has recently collected $ 220 million in the C Series round in 2021.
The report said that EXO also conducts talks with a partner with Samsung Medison Co., which produces medical devices for ultrasonic diagnostics and digital X -rays.
Exo, Samsung, Sands Capital, Bold Capital and Qubit Health didn’t return immediate applications for comment.