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Samsung may invest in $100M round for medical imaging startup Exo

  • Samsung's venture investment unit is considering investing in California-based medical device startup, Exo, in a round that may reach $100 million.
  • The funding round, led by Sands Capital, Bold Capital, and Qubit Health Capital, is set to bring Imar Ishrak, chairman of Qubit, onto Exo's board.
  • Exo, established in 2015, specializes in handheld medical imaging devices merging AI, medical imaging, and silicon technology for ultrasound like lung scans or echocardiograms.
  • Exo previously secured over $320 million from investors such as RA Capital Management, BlackRock, Sands Capital, Intel, Sony, and Avidity Partners, with a recent $220 million Series C funding round in 2021.

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