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Exo® Acquires Medo Ai To Make Medical Imaging As Easy As Snapping A Smartphone Photo

PRIVATEJul 26, 2022

Acquiring Company

Exo

Acquired Company

Medo AI

Redwood CityCommerce and ShoppingCommerce And ShoppingSports

Description

Exo (pronounced “echo”), a pioneering health information and medical devices company, today announced that it is acquiring Medo, a Canadian developer of artificial intelligence (AI) technology, to make ultrasound imaging faster and simpler to use. By integrating Medo’s proprietary Sweep AITM technology into its ultrasound platform, Exo will make ultrasound imaging more accessible to a wider range of caregivers.

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Company Information

Company

Exo

Location

Redwood City, California, United States

About

Exo is a health information and devices company. Exo believes everyone around the world should have access to high-quality, affordable and easy-to-use medical imaging. The company is on a mission to modernize medical imaging through its high-performance handheld ultrasound platform and artificial intelligence. Exo’s goal is to enable healthcare professionals to make critical, real-time decisions that ultimately improve patient outcomes. For more information, please visit www.exo.inc. Follow us on Twitter @exoeffect, on LinkedIn @exoeffect, on Instagram @exoeffect and on Facebook @theexoeffect. Exo’s investors include Action Potential Venture Capital (a GlaxoSmithKline venture fund), AJU, Applied Ventures, LLC, Avidity Partners, BlackRock, Bold Capital Partners, Compal, Creative Ventures, Ferretto Capital, Fiscus Ventures and Reimagined Ventures (Magnetar Capital affiliates), HM Capital, Intel Capital, Longevity Vision Fund, Nautilus Venture Partners, OSF Ventures, Pura Vida Investments, RA Capital Management, Rising Tide, Sands Capital, Sony Innovation Fund by IGV (Innovation Growth Ventures Co., Ltd. (IGV) is managed by Sony Innovation Fund and Daiwa Capital Holdings.), TDK Ventures, Wanxiang Healthcare Investments and Wilson Sonsini.

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Frequently asked

Who acquired Medo AI?

Medo AI was acquired by Exo, based in Redwood City. The deal was reported on July 26, 2022. Exo is a health information and devices company. Exo believes everyone around the world should have access to high-quality, affordable and easy-to-use medical imaging. Exo is privately held and operates in Commerce and Shopping.

When did Exo acquire Medo AI?

Exo's acquisition of Medo AI was reported on July 26, 2022. Exo (pronounced “echo”), a pioneering health information and medical devices company, today announced that it is acquiring Medo, a Canadian developer of artificial intelligence (AI) technology, to make ultrasound imaging faster and simpler to use. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Medo AI do?

FDA-cleared AI platform that makes ultrasound workflow faster, more reliable and accessible to all. It is privately held.

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