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Medical imaging firm OXOS Medical scored $23 million in Collection A funding from Intel Capital and Parkway Enterprise Capital, bringing its whole elevate to $45 million.
Gregg Hill, Parkway’s cofounder and managing associate, and Eric King, Intel Capital’s funding director, will be part of OXOS’ board of administrators.
WHAT THEY DO
The Atlanta-based firm presents an FDA 510(okay)-cleared handheld X-ray system that can be utilized for static and serial diagnostic pictures of the extremities, dubbed the Micro C Medical Imaging System. The machine connects on to OXOS’ cloud platform, the place physicians can entry pictures.
The funds will likely be used to increase the corporate’s product availability worldwide and velocity up product innovation.
“At OXOS, we now have made it our mission to shut the rising healthcare divide – the inaccessibility of radiographic expertise is impairing affected person outcomes in each nook of the globe,” Evan Ruff, cofounder and CEO of OXOS, stated in a press release.
“We intention to place secure, highly effective, and easy X-ray expertise within the fingers of pressing care facilities, sports activities groups, residence care, and worldwide mission operations, the place a real-time analysis is vital to saving human lives.”
MARKET SNAPSHOT
OXOS first acquired FDA clearance for its Micro C System in 2021. Final 12 months, it acquired one other FDA 510(okay) clearance for the machine that included its AiLARA System, an AI-automated radiation dosage engine.
Accessing imaging in low- to middle-income nations will be tough. OXOS is pitching its device as a method to enable extra people worldwide to entry X-ray imaging expertise.
One other firm working to make imaging gadgets extra moveable is Philips, which created Lumify, a handheld ultrasound transducer that may be plugged right into a smartphone or a pill and delivered to a affected person’s bedside.
Darren Mann, Kathryn Kuttler and Dr. Peter Haug will provide extra element throughout the HIMSS23 session “Improved Affected person Care Enabled by Actual-Time Interoperable Scientific Resolution Assist.” It’s schedule for Thursday, April 20 at 4 p.m. – 5 p.m. CT on the South Constructing, Degree 1, room S105 C.
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