Samsung Ventures is considering investing in California-based medical startup Exo, which is developing portable ultrasound devices with artificial intelligence. According to Bloomberg, the amount of funding could reach $100 million.
Exo is also in talks to partner with Samsung Medison, a Samsung subsidiary specializing in medical ultrasound and digital radiography systems.
By the way, Exo is a Californian startup founded in 2015 that develops portable ultrasound devices. They work on the basis of silicon chips, artificial intelligence and modern medical imaging technologies. The ultrasound scanner connects to a smartphone, where the examination results immediately appear, which can be stored or sent via a mobile app.
In total, Exo has already raised over $320 million from investors including RA Capital Management, BlackRock, Intel, Sony, and others. The last major round — $220 million — took place in 2021.