Allm completes $51M financing round

By staff writers

April 6, 2021 -- Japan-based mobile communications company Allm has raised approximately 5.6 billion yen (about $51 million U.S.) in a Series A financing round.

Allm has developed Join, a mobile image-sharing app that enables healthcare professionals to view CT and MR images via a DICOM viewer. The company said it would use the new funds to expand and grow its business worldwide, as well as invest in research and development. Plans include developing software for addressing COVID-19 and the consequences of the pandemic, according to the vendor.

What's more, the company hopes to utilize Join to enhance clinical trial support services by adding video streaming of real-time surgical procedures. Other initiatives in the works include improving Join and expanding its links with artificial intelligence (AI) software, Allm said.

The financing round was led by Sompo Holdings, Mitsui, Eisai, Royal Philips, Nippon Information Development, Cyberdyne, Financial Agency, Mixi, Capital Medica, Vector, SBI Investment, Bonds Investment Group, Mizuho Capital, Asia Africa Investment and Consulting, and undisclosed individual shareholders, Allm said.

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