Exo nets $220M in new funding

AuntMinnie.com staff writers
Jul 28, 2021
2016 09 14 15 25 23 643 Dollar Sign 400

Ultrasound technology startup Exo has garnered $220 million in a series C investment round.

The financing round was led by RA Capital Management, with participation by BlackRock, Sands Capital, Avidity Partners, Pure Vida Investments, and prior investors, according to Exo. The company said it would use the proceeds to fund the commercialization of its handheld ultrasound device and its Exo Works point-of-care ultrasound workflow software.

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Images depict a 43-year-old woman with a malignant non-mass lesion that was diagnosed as microinvasive ductal carcinoma. (A) Transverse and (B) longitudinal ultrasound images show a hypoechoic non-mass lesion (solid arrows) with segmental distribution in the left breast. The lesion has associated calcifications (dashed arrows in A). (C) Longitudinal color Doppler ultrasound image shows high vascularity. (D) Magnified image in the mediolateral oblique view from screening mammography shows grouped calcifications (arrows), which are considered a mammographic correlate of the ultrasound-detected non-mass lesion (A radiopaque marker attached to the skin is visible in the image because the mammographic exam was performed after screening breast ultrasound). Ultrasound-guided core needle biopsy and pathologic examination revealed ductal carcinoma in situ, but the lesion was upgraded to microinvasive ductal carcinoma at subsequent surgery (2.5-cm ductal carcinoma in situ, histologic grade II, estrogen receptor-positive, progesterone receptor-positive, human epidermal growth factor receptor type 2-negative).
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