Nanox raises $110M from new investment

AuntMinnie.com staff writers

Jul 27, 2020

2019 11 13 00 46 2926 Business Deal Corporate 400

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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(a) Raw example of a dynamic digital radiograph. (b) Contrast equalization using contrast-limited adaptive equalization shows improved anatomical visualization. (c) Training data is generated through manually labeling using SLEAP’s graphical user interface. (d-e) Neural network detection schematic. For each quadrant a series of two networks were used. The first identifies the quadrant center, the second using input of the first, then identifies individual anatomical landmarks within a quadrant. (d) Four neural networks were trained, each with the objective of identifying a chest quadrant centroid. The four separate quadrants are visualized as colored boxes (right upper quadrant, green; right lower quadrant, blue; left upper quadrant, red; left lower quadrant, yellow). (e) Serial centroid then anatomical identification. Two quadrant examples showing confidence maps of trained neural networks identifying quadrant centroids (left) and then anatomical confidence maps (right). Image and caption courtesy of Chest Pulmonary.

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