Promaxo Raises $4.17M in Funding


Promaxo, Inc., an Oakland, California-based medical imaging, robotics, and AI technology company, raised $4.17M in funding.

Huami Corp. (NYSE: HMI) made the investment.

The company intends to use the funds to accelerate its data strategy as it continues to incorporate artificial intelligence in imaging and image-based interventions.

Led by Dr. Amit Vohra, founder and CEO, Promaxo is a medical technology company backed by over 60 patents, With a compact and adaptable MRI, the company is improving the quality and speed of patient screening and interventions. Promaxo has formed numerous long-term and strategic partnerships with investor groups as it prepares to enter the US market.

With Huami, the company will continue to explore a partnership for the application of artificial intelligence, product integration opportunities, and commercialization, making them a natural fit to serve as strategic partners.