Nanox raises $110M from new investment

By AuntMinnie.com staff writers

July 28, 2020 -- Medical technology company Nanox has garnered $110 million from an equity investment by a global mix of strategic, institutional, and private investors.

The financing round included participation by SK Telecom, Industrial Alliance, Foxconn, Yozma Korea, and others. The funds will be used primarily to support the worldwide rollout of the Nanox ARC digital x-ray system, according to the vendor.

Nanox said that it already received contracts to deploy its x-ray system and diagnostics services in 13 countries across five continents. The firm will be offering its technology via a price-per-scan service model.


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