Samsung Electronics Co.’s SSNLF enterprise arm is reportedly investing in Exo Imaging Inc., a California-based health-care expertise firm.
What Occurred: Samsung Ventures Funding Corp. is in talks to take part in a personal funding spherical anticipated to boost round $100 million. The spherical is led by Sands Capital, Daring Capital and Qubit Well being Capital, reported Bloomberg, citing individuals aware of the matter.
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As per the report, Exo can be exploring a strategic partnership with Samsung Medison Co., the South Korean big’s medical gadget unit identified for its ultrasound and diagnostic methods.
Why It Issues: In April, Samsung reported a ten% year-over-year improve in first-quarter income, reaching 79.1 trillion Korean received ($55.5 billion).
The record-high quarterly income was fueled by sturdy gross sales of its flagship Galaxy S25 smartphones, the corporate said then.
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