Silicon Valley Startup Exo Secures $40M in Series B+ Funding to Advance Handheld Medical Imaging
Excerpt from the Press Release:
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Exo (pronounced “echo”), a pioneering health information and devices company, closed a $40 million Series B+ funding round that will fund research and product development on a revolutionary handheld medical device and cloud-based workflow software platform.
Medical imaging technology has lagged far behind the needs of today’s emergency room physicians and the expectations of healthcare patients. Cost, portability, image quality, software constraints and the inability to image denser body compositions have all limited the dramatic impact that critical diagnostic tools like ultrasound can have on global health and patient care.
Exo is developing a handheld ultrasound device that is intended to solve these common imaging challenges and unlock the true potential of handheld ultrasound. By building on patented Piezoelectric Micromachined Ultrasound Transducer (pMUT) technology, the Exo device aims to deliver industry-leading image quality, intuitive software and powerful diagnostic capabilities. This technology is designed to be affordable and enable best-in-class medical imaging to be carried in the pocket of every caregiver and clinician worldwide.
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