Nano-X Imaging, an Israeli innovative medical imaging technology company, received an additional $20m equity investment from current shareholder SK Telecom.
This transaction follows the initial $5m investment made by SK Telecom a year ago.
In addition, the two companies are entering into a joint collaboration aiming to increase accessibility to medical imaging for all socio-economic communities by deploying 2,500 Nanox Systems integrating the company’s MsaaS (medical screening as a service) model in South Korea and Vietnam. In addition, Nano-X announced its intent to establish a wholly-owned Korean subsidiary that will focus on scaling up production of the Nanox X-ray source semiconductor while leveraging SK Telecom’s deep expertise in the area of semiconductors.
Founded by the serial entrepreneur Ran Poliakine, Nano-X is developing a commercial-grade digital X-ray source designed to be used in real-world medical imaging applications. The Nanox System will offer a range of medical imaging services, from 2D X-ray to 3D Tomosynthesis computed tomography. The services are planned to be primarily operated on a pay-per-scan business model and include online radiology diagnostics and medical AI decision assistive algorithms implementation.