$110 M in Funding for Israeli Med-Tech Imaging Start-Up
Israeli medical imaging technology start-up Nanox Imaging Ltd.—based in Neveh Ilan—has secured $110 million in funding to support the roll-out of the Nanox.ARC in countries worldwide, the company announced on Tuesday.
The Series B funding round was led by Israeli-based A-Labs Advisory and Finance Ltd., as lead advisors. Throughout Nanox's earlier funding rounds, the company secured around $55 million.
Nanox.ARC, in collaboration with its companion cloud-based software Nanox.Cloud, is a novel digital x-ray device intended to provide end-to-end medical imaging services—including image repository, radiologist matching, online and offline diagnostics review and annotation, and connectivity to diagnostic assistive artificial intelligence systems, as well as billing and reporting, according to Nanox founder and CEO Ran Poliakine.
According to Poliakine, the Nanox System “will promote early detection of medical conditions that are discoverable by x-ray” screenings—including x-ray based imaging modalities such as CT, mammography, fluoroscopy, and angiogram. (JPost / VFI News)
“God, we ask that you continue to bless those who work in medicine—in Israel and the world over—so that the most vulnerable among us might find hope for a better future.”