Israeli medical imaging firm Nanox raises $26 million

TEL AVIV (Reuters) – Israeli medical imaging company Nanox Imaging Ltd said on Thursday it raised $26 million with the participation of strategic investor Foxconn, bringing the total funds raised for its Nanox System to $55 million.

Foxconn joined Fujifilm, SK Telecom and others who have invested in the project, as part of a round that is aimed to support the development, commercialization and deployment of the Nanox System.

The product is composed of a digital X-ray device and cloud-based software that will be designed to provide an end-to-end medical imaging service.

It is meant to promote early detection of medical conditions that are discoverable by X-ray and X-ray based imaging modalities such as CT, mammography, fluoroscopy and angiogram. The company said it believes its technology will enable it to build imaging systems at lower costs than existing systems.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.