Oxos Medical

History

2023: Development of a safe X-ray scanner and raising $23 million to launch it

On April 5, 2023, the American company Oxos Medical announced a Series A funding round, during which $23 million was raised. The funds will be provided by Parkway Venture Capital and Intel Capital.

Oxos Medical specializes in the development of "intelligent and safe X-ray technology." It is noted that traditional radiological solutions have limitations in image quality, and can also subject patients to high radiation load. Oxos Medical systems eliminate these problems: with a low radiation profile, the company's devices are said to provide exceptional sharpness and clarity of image. At the same time, such X-ray scanners have a compact version.

Oxos Medical has developed a secure X-ray scanner and raised $23 million to launch it worldwide

It is also noted that Oxos Medical has developed the only products on the market that can form both static images (digital radiography) and "live" images (dynamic digital radiography) - for diagnostic and surgical procedures in any conditions. The technology combines advanced imaging and advanced computer vision tools. The devices connect to the cloud platform, which allows doctors to quickly access radiographic examinations from anywhere on any device. Moreover, the cloud environment easily integrates with the existing radiological infrastructure.

Oxos Medical will direct the money raised to further implement innovative developments and ensure the availability of its systems in the global market. Thanks to the new round of financing, the total investment in the company amounted to $45 million.

We are committed to providing safe, powerful and simple X-ray technology to emergency centers, sports teams and international missions for which real-time diagnostics are critical in saving human lives, "said Evan Ruff, co-founder and CEO of Oxos Medical.[1]

Notes