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Foxconn Backs Medical Imaging Company Nano-X in $26 Million Round

Nano-X develops a small digital X-ray imaging device, intended to reduce costs and increase accessibility to X-ray medical diagnostic results

Meir Orbach 15:0016.01.20
Israel-based medical imaging startup Nano-X Imaging Ltd. has raised a $26 million funding round, the company announced Thursday. Taipei-listed electronics manufacturer Foxconn, incorporated as Hon Hai Precision Industry Co. Ltd., participated in the round, along with existing investors Fujifilm Holdings Corp., and SK Telecom.

 

Based in Neve Ilan just west of Jerusalem and founded in 2012, Nano-X develops a small digital X-ray imaging device, intended to reduce costs and increase accessibility to X-ray medical diagnostic results. The company has raised $55 million to date and employs a team of 60 people, according to the company’s statement.

Medical imaging (illustration). Photo: Shutterstock Medical imaging (illustration). Photo: Shutterstock