Samsung may invest in a $100 million round for medical imaging startup EXO

Samsung’s venture investment unit is looking to invest in EXO, a California-based medical device startup. It has been reportedcite an anonymous source.

The round is led by Sands Capital, Bold Capital and Qubit Health Capital, the report said, adding that Qubit Chairman Imar Ishrak will be on EXO’s board of directors.

Founded in 2015, EXO manufactures handheld medical imaging devices that use a combination of artificial intelligence, medical imaging and silicon technology for ultrasound examinations such as scan lung and echocardiography. The device plugs into your smartphone, allowing medical examiners to scan patients and use a single app to document and share exam reports.

company To date, it has raised over $320 million. Funded from investors such as RA Capital Management, BlackRock, Sands Capital, Intel, Sony, and Avidity Partners. The company recently raised $220 million in the Series C round in 2021.

EXO is also in discussions to partner with Samsung Medison Co., which manufactures medical devices for ultrasound diagnostics and digital X-ray systems, the report says.

Exo, Samsung, Sands Capital, Bold Capital and Qubit Health did not immediately return requests for comment.