Promaxo adds over $4M to coffers

Medical imaging, robotics, and artificial intelligence (AI) technology developer Promaxo has raised $4.2 million in a new funding round.

Promaxo, which is developing a portable MRI device that combines robotics and AI, said it will use the funds to accelerate its data strategy as it continues to incorporate AI in imaging and image-based interventions. The investment round was led by AI technology provider Huami.

In a statement, Promaxo and Huami noted that they will also continue to explore a partnership for the application of AI, product integration opportunities, and commercialization.