Samsung Ventures Joins Exo Imaging’s $100 Million Funding Round: Report – Samsung Electronics Co (OTC:SSNLF)
Samsung Electronics Co.’s SSNLF venture arm is reportedly investing in Exo Imaging Inc., a California-based health-care technology company.
What Happened: Samsung Ventures Investment Corp. is in talks to participate in a private funding round expected to raise around $100 million. The round is led by Sands Capital, Bold Capital and Qubit Health Capital, reported Bloomberg, citing people familiar with the matter.
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As per the report, Exo is also exploring a strategic partnership with Samsung Medison Co., the South Korean giant’s medical device unit known for its ultrasound and diagnostic systems.
Why It Matters: In April, Samsung reported a 10% year-over-year increase in first-quarter revenue, reaching 79.1 trillion Korean won ($55.5 billion).
The record-high quarterly revenue was fueled by robust sales of its flagship Galaxy S25 smartphones, the company stated then.
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