# Oxos Medical

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oxos-medical

- Industry: Medical Devices & Equipment
- Headquarters: Atlanta, US
- Website: www.oxos.com
- Total disclosed funding: $23M
- Latest round: Series A (Apr 5, 2023)
- Investors on record: 2

## About

Based in the US, Oxos Medical, Inc. develops innovative portable X-ray solutions to enhance diagnostic capabilities in various medical environments, focusing on efficiency and image quality.Founded in 2016 in Atlanta, US, Oxos Medical, Inc. specializes in portable X-ray technology. The company was co-founded by Charles Philipp and is led by CEO Evan Ruff and Jeff Arias. In April 2023, the firm raised USD 23 mn in Series A funding, co-led by Intel Capital and Parkway Founders, bringing their total amount raised to USD 23 mn and a current valuation of USD 148.72 mn.OXOS Medical specializes in advanced portable X-ray solutions designed to enhance radiographic diagnostics at the point of need. Their core product offerings include the Micro C and its latest iteration, the MC2, both engineered to provide high-quality imaging with low radiation exposure. The MC2 features optimized X-ray alignment capabilities and a no-fire positioning system, ensuring excellent image quality for diverse medical scenarios, such as orthopaedics and sports medicine. OXOS Medical's products have obtained regulatory clearance from the U.S. FDA, allowing them to serve markets within the United States and expand their reach to additional regions as regulatory approvals are obtained.OXOS Medical's revenue model is structured around the sale of its flagship products, primarily the MC2 portable X-ray device, which is marketed to healthcare institutions and professionals in the medical field. Transactions typically occur through direct sales to hospitals and clinics, with a focus on establishing long-term partnerships that facilitate ongoing support and service. The firm may also engage in subscription-based models for software updates and maintenance services associated with its imaging solutions, enhancing the user experience and ensuring compliance with evolving healthcare regulations.In April 2023, Oxos Medical, Inc. raised USD 23 mn in Series A funding, which will be utilized for further product development and increasing product market availability. The company is focused on launching new iterations of their portable X-ray systems and expanding into international markets, targeting regions such as Europe and Asia by the end of 2024.

## Funding rounds

- Series A, Apr 5, 2023, $23M — Intel Capital, Parkway

## Investors

- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Parkway (https://capitalatlas.ai/funds/parkway) — Series A