Samsung may invest in $100M round for medical imaging startup Exo

Samsung’s enterprise funding unit is trying to spend money on California-based medical system 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 stated, 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 system plugs right into a smartphone, and health workers can scan sufferers, doc, and share examination experiences utilizing one app.

The corporate has so far raised more 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 accomplice with Samsung Medison Co., which makes medical gadgets for ultrasound diagnostics and digital X-ray programs, the report stated.

Exo, Samsung, Sands Capital, Daring Capital and Qubit Well being didn’t instantly return requests for remark.