Nanox an Israel-based Medical Imaging company ( secured additional funding $59 million from global investors, to wrap up an investment that started in November 2019.

The company is supported by strategic investors SK TelecomFoxconnYozma KoreaIndustrial Alliance and additional private investors. The new financing brings the total investment to nearly $110 million. The funding will be used to support the rollout of its imaging system (called Nanox.ARC) worldwide, the company said. The system has been pre-sold in 13 countries, representing more than $300 million in service fees for the next three years, according to the company.

Nanox started in 2012, was formed by a group of former Sony engineers focused on nanotechnology, intending to utilize that technology to solve the problem of early detection imaging in healthcare. It aims to “democratize health care” by offering a “digital camera for the full body” among its range of medical imaging services that operate on a pay-per-scan business model and include online radiology diagnostics and artificial intelligence decision assistive algorithms implementation.

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