Handheld X-ray system maker OXOS Medical scores $23M



Medical imaging firm OXOS Medical scored $23 million in Collection A funding from Intel Capital and Parkway Enterprise Capital, bringing its complete elevate to $45 million. 

Gregg Hill, Parkway’s cofounder and managing associate, and Eric King, Intel Capital’s funding director, will be a part of OXOS’ board of administrators. 

WHAT THEY DO

The Atlanta-based firm gives an FDA 510(okay)-cleared handheld X-ray system that can be utilized for static and serial diagnostic photos of the extremities, dubbed the Micro C Medical Imaging System. The system connects on to OXOS’ cloud platform, the place physicians can entry photos.

The funds will probably be used to develop the corporate’s product availability worldwide and pace up product innovation. 

“At OXOS, now we have made it our mission to shut the rising healthcare divide – the inaccessibility of radiographic know-how is impairing affected person outcomes in each nook of the globe,” Evan Ruff, cofounder and CEO of OXOS, stated in a press release.

“We goal to place secure, highly effective, and easy X-ray know-how within the arms of pressing care facilities, sports activities groups, dwelling care, and worldwide mission operations, the place a real-time prognosis is crucial to saving human lives.”

MARKET SNAPSHOT

OXOS first acquired FDA clearance for its Micro C System in 2021. Final yr, it acquired one other FDA 510(okay) clearance for the system that included its AiLARA System, an AI-automated radiation dosage engine.

Accessing imaging in low- to middle-income international locations might be tough. OXOS is pitching its device as a technique to permit extra people worldwide to entry X-ray imaging know-how.

One other firm working to make imaging units extra transportable is Philips, which created Lumify, a handheld ultrasound transducer that may be plugged right into a smartphone or a pill and dropped at a affected person’s bedside. 

Darren Mann, Kathryn Kuttler and Dr. Peter Haug will provide extra element throughout the HIMSS23 session “Improved Affected person Care Enabled by Actual-Time Interoperable Medical Choice Assist.” It’s schedule for Thursday, April 20 at 4 p.m. – 5 p.m. CT on the South Constructing, Degree 1, room S105 C.

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