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.