Medical imaging firm Nanox raises $26M in a round led by Foxconn
Date: 2020-01-18   Author: Saipriya Iyer  Category: #news

Medical imaging firm Nanox raises $26M in a round led by Foxconn

Nanox Imaging, an Israeli medical imaging startup, reportedly announced that it raised $26 million in an investment round, which was led by its strategic investor Foxconn. The total valuation of the company has reached $55 million after this new investment.

Foxconn was joined by SK Telecom, Fujifilm and other companies who invested in the company project, as a part of an investment round, that is aimed to aid the deployment, commercialization and development of the Nanox System.

Nanox, established in 2016 by Hitoshi Masuya, a Japanese venture capital tycoon under a joint investment venture with Sony. Masuya teamed up with Poliakine after Sony backed out. Masuya and Poliakine then decided to divide the operations of the company between Israel and Japan.

Nanox which crucially does not have the regulatory nod for its system, called Nanox.Arc (Arc) — states that its new X-ray source technology can substantially reduce the expenses of imaging when compared with existing systems.

The X-ray system is built for the promotion of the early detection of conditions that are discoverable by mammography, computed tomography (CT), angiogram, fluoroscopy, and a few other imaging modalities. The system would be provided in a pay-per-scan business model at rates that are competitive with alternatives.

Nanox founder & CEO, Ran Poliakine stated that the company is honored to have Foxconn joining the investor group with other world leaders; SK Telecom and Fujifilm, in funding in the company’s vision for eradicating cancer.

Poliakine further added that the company has achieved a technological advancement by digitizing traditional X-rays, and now it is ready to move ahead and take a giant leap in making it possible to deliver one scan per person, each year, in order to have preventative measures in place.

Poliakine also stated that this new investment would enable the company to make new partnerships with hospitals, governments, and clinic chains.

Back in June 2019, the company received its initial investment from SK Telecom for its “1×1×1 initiative”.


Source credit:

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya

Post Recommendents

Recent Research: Detailed Analysis on Carbide Tool Inserts Market Size with Forecast to 2025
Author: Ashwin Naphade

Global Carbide Tool Inserts Market Size 2019-2024 report covers emerging opportunities in the market and the future impact of major Key vendors and Market driver and, support decisions in making cost-effective business decisions. The market report...

CBN Inserts Market Size Forecast 2020-2025 Made Available by Top Research Firm
Author: Ashwin Naphade

Global CBN Inserts Market Report to 2024 offers industry overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/tr...

Cutting Tool Insert Market Size 2020: by Manufacturers, Countries, Type and Application
Author: Ashwin Naphade

Global Cutting Tool Insert Market Report Renders deep perception of the Market Segment by Regions, market status of the Cutting Tool Insert on a global level that primarily aims the core regions which comprises of continents like North America, Eu...