Israel-based medical imaging company secured additional funding, this time $59 million from global investors, to wrap up an investment that started in November 2019, the company said Tuesday.
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The company is supported by strategic investors , , , ��and additional private investors. The new financing brings the total investment to nearly $110 million, the company said in a .
The funding will be used to support the rollout of its imaging system (called Nanox.ARC) worldwide, the company said. The system has been pre-sold in 13 countries, representing more than $300 million in service fees for the next three years, according to the company.
We covered the company back in June when telecommunications company increased its stake in Nanox, investing $20 million.
Although Nanox started in 2012, the company is attracting significant funds in a short period of time, , CEO of Nanox, told 蹤獲弝け News in June. The SK investment came less than six months after Nanox���s, led by Taiwan-based technology manufacturing giant.
Nanox was formed by a group of former Sony engineers focused on nanotechnology, intending to utilize that technology to solve the problem of early detection imaging in health care, Poliakine said.
It aims to ���democratize health care��� by offering a ���digital camera for the full body��� among its range of medical imaging services that operate on a pay-per-scan business model and include online radiology diagnostics and artificial intelligence decision assistive algorithms implementation, he said.
���We are like the LED of X-rays, and our technology is utilized on a small chip, so we can replace the hot cathode method invented 125 years ago,��� he said. ���What we have done is implement nanotechnology in an effectively controlled X-ray stream, designated to exact the procedure as well as make it low cost and accessible.���
A traditional scan in the United States costs an average of $3,000, while globally, that average is $300, Poliakine said. Nanox is charging $30 per scan.
���We are not trying to be altruistic, but the cost of technology has jumped so much that we put in that price point to increase accessibility,��� he added. ���It is important to push forward health care in a more uniform way and to break down the walls between rich and poor countries.���
Earlier this year, SK Telecom decided to deploy 2,500 scanners to enable this service, while Nanox plans to establish a wholly owned Korean subsidiary to scale up production on the Nanox X-ray source semiconductor in order to get 15,000 units out to physicians by next year, Poliakine said.
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