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Handheld Ultrasound Developer Exo Raised $220M In Series C

 
• By Marion Webb

As Exo awaits FDA clearance for its handheld ultrasound device, it will use the new funding for planned commercialization. Exo has raised more than $320m to date. 

ERdoctor

Redwood City, CA-based Exo Imaging, Inc. hopes to “democratize” ultrasound with its inexpensive handheld ultrasound device. The company announced on 29 July it raised $220m in a series C financing round.

This latest round was led by RA Capital Management and joined by BlackRock, Sands Capital, Avidity Partners and Pura Vida...

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