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Silicon Valley Startup Exo Secures $40M in Series B+ Funding to Advance Handheld Medical Imaging

PRIVATEAug 24, 2020

Amount Raised

$40 Million

Round Type

Series B

Redwood City

Description

Exo (pronounced “echo”), a pioneering health information and devices company, closed a $40 million Series B+ funding round that will fund research and product development on a revolutionary handheld medical device and cloud-based workflow software platform.

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Company Information

Company

Ex

Location

Redwood City, California, United States

About

Exo is a health information and devices company. Exo’s vision is to bring a convergence of technologies to healthcare with devices that will revolutionize how physicians diagnose, triage and treat patients forever. With an initial aim to reinvent ultrasound, Exo is committed to providing high-quality, affordable and easy-to-use medical imaging around the world through its high-performance handheld ultrasound platform. The company is on a mission to enable healthcare professionals to make critical, real-time decisions that ultimately improve patient outcomes. For more information, please visit www.exo.inc or follow @theexoeffect.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Ex raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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