SK Telecom is investing $20 million in Israel-based Nanox
Partners plan to launch a South Korean subsidiary to produce semiconductors for Nanox’s digital X-ray device
Meir Orbach | 14:05 04.06.2020
Israeli medical imaging company Nanox, incorporated as Nano-X Imaging Ltd., has raised an additional $20 million from South Korea’s SK Telecom, which already invested $5 million in Nanox’s core project a year ago. Fujifilm Holdings Corp., Foxconn, incorporated as Hon Hai Precision Industry Co. Ltd. and other private investors are among Nanox’s backers. To date, the Israeli company founded by Ran Poliakine has raised $80 million. The two companies are planning to roll out 2,500 Nanox.ARC systems throughout South Korea and Vietnam. The two will cooperate on the deployment and activation of Nanox’s systems on Medical Service as a Service (MSaaS) subject to receiving regulatory clearance. In addition, Nanox is announcing its intention to launch a South Korean subsidiary that will focus on mass production of Nanox’s digital X-ray imaging device’s semiconductors, leveraging SK Telecom’s expertise in the industry.