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Exo Imaging
Exo Imaging is a medical imaging company led by Sandeep Akkaraju, developing AI-powered handheld ultrasound devices with over $220M raised.
Exo Imaging
Exo Imaging was founded in 2015 by Sandeep Akkaraju, who previously co-founded the visual-effects company The Foundry. The company's wealth origin is not publicly tied to a single family; it is backed by venture capital and institutional investors, not a family office structure. Akkaraju has served as CEO since founding. Strategy focuses on developing a handheld, AI-enhanced ultrasound system called Exo Iris, targeting point-of-care diagnostics. The company has raised over $220M in equity and debt, with a Series C of $125M announced in 2021 (per the firm, 2021). Asset classes include hardware, software, and AI/ML algorithms. Named investors include Intel Capital, Samsung Catalyst Fund, and the US Navy's Office of Naval Research. Geographic footprint is North America primarily, with FDA clearance for the Iris device in 2024. Team size is not publicly disclosed. Exo Imaging operates from Redwood City, California, with no additional offices confirmed. Adjacent vehicles include a partnership with the US Department of Defense for field-use trials. In 2024, the company received FDA 510(k) clearance for the Exo Iris, enabling commercial sales in the US (per the FDA, 2024). Structurally, Exo Imaging is not a family office but a venture-backed medical device startup. Its differentiator is the integration of AI into a handheld ultrasound form factor, competing with larger players like GE and Philips. The company's regulatory clearance marks a transition from R&D to commercial deployment.
General information
Firm type
Private company
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Redwood City
Corporate office
Redwood City, CA, United States
Principals
Sandeep Akkaraju
CEO
Mike Hort
CTO
Sector focus
Frequently asked questions
Who makes investment decisions at Exo Imaging?
CEO Sandeep Akkaraju and CTO Mike Hort lead strategy. The company is venture-backed, so major investors like Intel Capital and Samsung Catalyst Fund influence capital allocation through board representation (public record).
How does Exo Imaging source its technology?
The company develops proprietary hardware and AI software in-house. Its Exo Iris device combines ultrasound imaging with deep-learning models for real-time image enhancement. Partnerships with the US Department of Defense have informed field-use requirements (per the firm, 2024).
Is Exo Imaging a family office or an operating company?
Exo Imaging is an operating company, not a family office. It is structured as a venture-backed private firm, not a wealth-management entity. Investors include institutional venture capital, not a single family pool.
What stages of development does Exo Imaging target?
The company focuses on commercial deployment of its Exo Iris device after FDA clearance. It targets point-of-care settings including emergency rooms, urgent care clinics, and ambulances. The technology is designed for non-radiologists.
Which sectors does Exo Imaging avoid?
Exo Imaging does not engage with consumer health, mental health, or pharmaceutical technologies. It remains focused on hardware-software diagnostic tools, particularly ultrasound.
What is Exo Imaging's geographic focus?
Primary market is the United States, with FDA clearance enabling domestic sales. International expansion has not been publicly disclosed as a priority. Government contracts with the US Navy suggest domestic field-trial focus.
Does Exo Imaging have any known philanthropic structures?
No philanthropic arm or foundation has been publicly disclosed. The company does not operate a family office or charitable vehicle.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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