Nanox exceeds $100M crossover investment

The financing round represents a global mix of strategic, institutional and private investors including SK Telecom, Industrial Alliance, Foxconn, Yozma Korea and others

NANO-X, an innovative medical imaging technology company, announces it has secured over $100M in crossover equity investments from global investors since December 2019. Funds raised are planned to primarily support the rollout of the Nanox.ARC deployments worldwide.

Israeli-based A-Labs Advisory and Finance was the advisor to the financing round.

The financing round was initiated in November 2019 and was delayed in closing due to the COVID-19 pandemic. Since November 2019, Nanox has signed agreements for the deployment of thousands of units of the Nanox System, its innovative medical imaging system and diagnostics services in eleven global regions. The Company aims to revolutionize early-detection healthcare by deploying a global medical imaging infrastructure at an affordable price-per-scan service model to maximize availability and accessibility of medical imaging to all socio-economic communities.

It is easy to say that we are aiming to change the world,”says Ran Poliakine, Founder and Chief Executive Officer of Nanox. “The main challenge with such statements is always the execution. We have a bold vision to increase early detection of medical conditions that are discoverable by X-ray. We are actively working to deploy a global medical imaging service infrastructure that may turn this dream into reality. We cannot do it without partners and investors who share our vision and support our plan. I thank our investors at SK Telecom, Foxconn, Industrial Alliance and Yozma Korea for their faith and trust in the Nanox team and vision.”

The innovative approach of preventive healthcare and the MEMs X-ray source have driven us, The Yozma Asia, to invest in Nanox. Potentially reduced radiation exposure and lowered cost can set a new standard of regular health checkups,” says Wonjae Lee, Head of Asia Pacific and Managing Partner of Yozma . “I’m honored to be a part of the Nanox project not only because its technology is groundbreaking and contributing to mankind, but also because it’s the best example of multinational collaboration. As a strategic investor, The Yozma Asia is eager to make a global success case of Asian and Israeli collaboration by merging Nanox innovative technology and Korea’s outstanding manufacturing knowhow.”