What You Should Know:
- Exo (pronounced “echo”), a pioneering health information and devices company, announced it has raised $220M in Series C investment round led by RA Capital Management and joined by BlackRock, Sands Capital, Avidity Partners and Pura Vida Investments.
- The funding will fund the commercialization of its patented handheld medical device and its intuitive point-of-care ultrasound workflow solution, Exo Works. This brings Exo’s total funding to more than $320M.
Exo
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Ultrasound
EchoNous Closes $60M for AI-Assisted Handheld Ultrasound Device
What You Should Know:
- EchoNous, a Redmond, WA-based portable AI-guided ultrasound tools and platform, announced it has raised $60 million in funding from Kennedy Lewis Investment Management (“Kennedy Lewis”).
- The investment from Kennedy Lewis combines senior secured debt and equity and builds on the support of KKR, which has been EchoNous’ principal investor since 2015. Kennedy Lewis' funding will help further the development of and grow adoption for the Kosmos platform, which is
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UltraSight Raises $13M to Bring AI-Guided Cardiac Ultrasound to Point of Care
What You Should Know:
- UltraSight, an Israeli based digital health company focused on transforming cardiac sonography through the power of machine learning, announced today that it has closed a $13 million Series B funding round.
- Cardiac sonography is a skill that takes years to develop. It requires daily practice to achieve a high level of proficiency, resulting in a shortage of highly specialized professionals. UltraSight offers clinicians, with no prior sonography training, the
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Philips, Ibex Medical Analytics Partner on AI-Powered Digital Pathology Adoption
What You Should Know:
- Philips and Ibex Medical Analytics announced a strategic partnership to globally commercialize clinically proven, AI-powered digital pathology solutions. The collaboration further cements Philips’ commitment to integrated diagnostics providing a clear path to precision diagnosis.
- The trend towards centralized pathology labs, the global shortage of trained pathologists, and increasing demands on histopathology posed by the growing number of cancer
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Intel, Samsung Partner on AI-Based Ultrasound Solution for Anesthesia Administration
What You Should Know:
- Samsung Medison and Intel are collaborating on NerveTrack™, a real-time nerve tracking ultrasound feature that helps anesthesiologists identify nerves in a patient’s arm to help administer anesthesia quickly and accurately. Leveraging the Intel Distribution of OpenVINO toolkit for computer vision and annotation, Samsung Medison’s NerveTrack™ can reduce scanning time by up to 30 percent in an extremely
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Variantyx Lands $20M for Whole Genome Sequencing Methodology
What You Should Know:
- Variantyx, a Boston-based provider of high complexity hereditary disease testing, today announced that they secured $20M in funding for their Whole Genome Sequencing (WGS)-based testing methodology, an advanced genetic testing method currently used to diagnose rare inherited and neurological disorders. The series C funding round was led by GHS Fund (Quark Venture LP and GF Securities) and includes new investor, IBM Ventures and current investors, Pitango
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Cerner Leadership Changes, Other Key Executives Hires
Cerner announced some leadership changes promoting long-time associates Travis Dalton to Chief Client & Services Officer and Dan Devers to Chief Legal Counsel. After long, respected, meaningful careers at Cerner, John Peterzalek and Randy Sims will be departing.
Cognoa, the leading pediatric behavioral health company developing diagnostic and therapeutic solutions for children living with autism and other behavioral health conditions appoints Eric B. Mosbrooker as
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Gates Foundation Awards Caption Health $4.95M Grant to Develop AI-Guided Lung Ultrasound System
What You Should Know:
- Bill & Melinda Gates Foundation awards Caption
Health a $4.5M grant to support the development of an AI-guided lung ultrasound
system.
- The grant from the Bill & Melinda Gates Foundation
will be leveraged to create new AI technology that allows medical professionals
without prior ultrasound experience to perform lung ultrasounds, expanding
access to quality medical care.
Caption Health, a leading medical
artificial intelligence (AI) company, today
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Mobile Point-of-Care Ultrasound Is Now A Frontline Warrior in Pandemic
Health authorities need to prioritize delivery and the repurposing of mobile point-of-care ultrasound machines which have proven to be reliable, affordable, and effective in saving the lives of coronavirus patients.
Most Americans are familiar with ultrasound technology from the scans done to check on the status of the fetus during pregnancy.
But far fewer are aware of how valuable mobile versions of these units have also become in America’s emergency rooms where they almost
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Will Nanox Disrupt The X-Ray Systems Market?
With its share price falling from more than $66 to less than $24, September was a tumultuous month for Nanox.
On August 25th, the medical imaging start-up closed its initial public offering, having raised $190m from the sale of 10,555,556 ordinary shares at a price of $18 each. Money poured in as investors were sold on Nanox’s cold cathode x-ray source and the subsequent reduction in costs that it would enable, as well as the vendor’s pay-per-scan pricing model that would let the company
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