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Samsung Ventures is considering a significant investment in Exo, a California-based startup specializing in portable ultrasound devices, as part of a $100 million funding round led by Sands Capital, Bold Capital, and Qubit Health Capital.
Samsung Ventures is considering a substantial investment in Exo, a California-based startup known for its portable ultrasound devices. This potential investment is part of a $100 million funding round, which is being led by Sands Capital, Bold Capital, and Qubit Health Capital, reports TechCrunch.
Exo, founded in 2015, develops handheld medical imaging devices that integrate artificial intelligence, medical imaging, and silicon technology. These devices connect to smartphones, allowing medical professionals to conduct ultrasound examinations and share results via a mobile app. The company has already raised over $320 million from investors such as RA Capital Management, BlackRock, Intel, and Sony.
In addition to the investment, Exo is in discussions with Samsung Medison Co., a subsidiary of Samsung specializing in medical ultrasound and digital radiography systems, to explore potential partnerships.
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