x-ray

The medtech company will use the funds to speed up product innovation and expand its reach globally.

The model showed 86% sensitivity and a specificity of up to 96.1%.

The company landed a 510(k) for its single-source digital X-ray Nanox.ARC, and said more clearances are in the pipeline. 

Activist short seller Citron Research called the Israeli digital X-ray company out on its limited R&D expenditure, suspicious distribution agreements and other factors. Nanox has described the report as incorrect and misleading.

The startup's approach combines a low-cost digital-imaging device for hospitals with a comprehensive medical-imaging software platform. 

The company said that it has raised $110 million since November of 2019.

The Israeli company is developing a two-pronged offering comprised of an in-hospital device and a companion cloud software tool.