Modern technologies are enabling various industries to leap ahead and in many cases, fiction has served as an inspiration for tech in the real world. Medical diagnosis has also evolved over the years, thanks to rapid technological advancements, and there are numerous ways to catch illness and diseases beforehand. Now, to take early-detection systems to the next level, the Israeli medical imaging startup Nanox has secured €23M with participation of strategic investor Foxconn, bringing the total funds raised for the company’s Nanox System project to €49M so far.
Foxconn, the Taiwanese multinational electronics contract manufacturing company, has invested €23M in Nanox. While Foxconn is a new investor, Fujifilm, SK Telecom, and other private investors who previously invested in the startup have again re-invested. The newly raised funds will be utilised for further development and deployment of the Nanox System, which is a combination of Nanox.Arc and the Nanox.Cloud.
“We are honored to have Foxconn join other world leaders, Fujifilm and SK Telecom, in investing in our vision of eradicating cancer,” says Ran Poliakine, Founder & CEO of Nanox. “Nanox has achieved a technological breakthrough by digitizing traditional X-rays, and now we are ready to take a giant leap forward in making it possible to provide one scan per person, per year, for preventative measures.”
Star Trek biobed inspired Nanox System
Nanox offers the Nanox System as a preventative healthcare Medical Screening As A Service (MSaaS). The system is aimed at making early detection system service more affordable worldwide and improving accessibility. The Nanox System comprises of the first digital X-ray device, Nanox.ARC, which is supplemented by an AI cloud-based software, Nanox.CLOUD. The Nanox.Cloud is a companion cloud-based software that is touted to enable better end-to-end medical imaging service. The service is slated to include image repository, online and offline diagnostics review and annotation, radiologist matching, connectivity to diagnostic assistive artificial intelligence systems, billing, and reporting.
As for the Nanox.ARC, it is a digital X-ray source that enables performing scans at reduced costs. Currently, traditional screening systems bear high costs, are time-consuming and are quite expensive. All of these problems can be cut down with the Nanox.ARC, which was developed over a span of eight years and is said to be highly affordable in comparison with traditional analog systems. Inspired by Star Trek’s famous biobed, the Nanox.ARC is also designed in a similar manner.
After getting regulatory approval, Nanox will work with governments and medical establishments around the world to deploy its solution. The Nanox System is expected to accelerate early detection of medical conditions that can be discovered via X-ray and X-ray based imaging modalities such as CT, mammography, fluoroscopy and angiogram.
Main image credits: Nanox
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