Samsung’s Venture Investment Unit is looking for investment in California-based medical device startup, Axo, which can rise to $ 1 million in Bloomberg ReportBy quoting anonymous sources.
The round is being run by the Sands Capital, Bold Capital and Quiet Health Capital, the report says Quebit Chairman Emaraq will join the Board of Exior.
Established in 2015, the Exo created the handheld medical imaging devices that use a combination of artificial intelligence, medical imaging and silicone technology using a combination of lungs or echocardiograms for ultrasound tests. The device is plugged in a smartphone and treatment testers can share patients, documents and test reports to scan patients using an application.
The company has so far raised more than $ 320 million funds from investors, including RA Capital Management, Blackrok, Sands Capital, Intel, Sony and AVDT partners. The company recently collected a 20220 million dollars in the series C round in 2021.
The XO is also in talks with Samsung Medison Co, which produces treatment devices for ultrasound diagnostics and digital X-ray systems, reports.
Exo, Samsung, Sands Capital, Bold Capital and Quiet Health did not return the requests to comment instant.