Japan’s health-tech startup Ubie has raised $18.7 million in its Series B financing round from Suzuken while S Korea’s SK Telecom will invest an additional $20 million to increase its stake in Israeli medical imaging technology firm Nano-X Imaging.
Japan’s Ubie raises $18.7m in Series B round
Tokyo-based health-tech startup Ubie on Thursday said it has raised 2 billion yen ($18.7 million) in a Series B financing from Japanese pharma distributor Suzuken Co, Ltd as it seeks to grow its platforms, expand R&D capabilities and beef up its sales and engineering teams.
Ubie, which has developed a number of AI-based healthcare products, has also entered into a strategic business partnership with Suzuken, it said in a statement.
Founded by Yoshinori Abe and Kota Kubo, the company’s hospital SaaS product enables doctors with better and efficient diagnoses while its AI symptom checker app provides personalized assessment reports for patients.
SK Telecom to raise stake in Nano-X
South Korea’s SK Telecom has invested an additional $20 million to increase its stake in Israeli medical imaging technology company Nano-x Imaging, per a company statement.
With this, SK Telecom CEO Park Jung-ho also joins the board of Nanox.
SK Telecom made an initial investment of $5 million in the firm a year back.
Nano-X and SK Telecom are also collaborating deploy its medical-screening-as-a-service model in South Korea and Vietnam.
In addition, Nano-X also announced its intent to set up a wholly-owned Korean subsidiary that will focus on scaling up production of the Nanox X-ray source semiconductor.