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Nanox, maker of a low-cost scanning service to replace X-rays, expands Series B to $51M

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A lot of the attention in medical technology today has been focused on tools and innovations that might help the world better fight the COVID-19 global health pandemic. Today comes news of another startup that is taking on some funding for a disruptive innovation that has the potential to make both COVID-19 as well as other kinds of clinical assessments more accessible.

Nanox, a startup out of Israel that has developed a small, low-cost scanning system and “medical screening as a service” to replace the costly and large machines and corresponding software typically used for X-rays, CAT scans, PET scans and other body imaging services, is today announcing that it has raised $20 million from a strategic investor, South Korean carrier SK Telecom.

SK Telecom in turn plans to help distribute physical scanners equipped with Nanox technology as well as resell the pay-per-scan imaging service, branded Nanox.Cloud, and corresponding 5G wireless network capacity to operate them. Nanox currently licenses its tech to big names in the imaging space like FujiFilm, and Foxconn is also manufacturing its donut-shaped Nanox.Arc scanners.

The funding is technically an extension of Nanox’s previous round, which was announced earlier this year at $26 million with backing from Foxconn, FujiFilm and more. Nanox says that the full round is now closed off at $51 million, with the company having raised $80 million since launching almost a decade ago, in 2011.

Nanox’s valuation is not being publicly disclosed, a but a news report in the Israeli press from December said that one option the startup was considering was an IPO at a $500 million valuation. We understand from sources that the valuation is about $100 million higher now.

The Nanox system is based around proprietary technology related to digital X-rays. Digital radiography is a relatively new area in the world of imaging that relies on digital scans rather than X-ray plates to capture and process images.

Nanox says the ARC comes in at 70 kg versus 2,000 kg for the average CT scanner, and production costs are around $10,000 compared to $1-3 million for the CT scanner.

But in addition to being smaller (and thus cheaper) machines with much of the processing of images done in the cloud, the Nanox system, according to CEO and founder Ran Poliakine, can make its images in a tiny fraction of a second, making them significantly safer in terms of radiation exposure compared to existing methods.

Imaging has been in the news a lot of late because it has so far been one of the most accurate methods for detecting the progress of COVID-19 in patients or would-be patients in terms of how it is affecting patients’ lungs and other organs. While the dissemination of equipment like Nanox’s definitely could play a role in handling those cases better, the ultimate goal of the startup is much wider than that.

Ultimately, the company hopes to make its devices and cloud-based scanning service ubiquitous enough that it would be possible to run early detection, preventative scans for a much wider proportion of the population.

“What is the best way to fight cancer today? Early detection. But with two-thirds of the world without access to imaging, you may need to wait weeks and months for those scans today,” said Poliakine.

The startup’s mission is to distribute some 15,000 of its machines over the next several years to bridge that gap, and it’s getting there through partnerships. In addition to the SK Telecom deal it’s announcing today, last March, Nanox inked a $174 million deal to distribute 1,000 machines across Australia, New Zealand and Norway in partnership with a company called the Gateway Group.

The SK Telecom investment is an interesting development that underscores how carriers see 5G as an opportunity to revisit what kinds of services they resell and offer to businesses and individuals, and SK Telecom specifically has singled out healthcare as one obvious and big opportunity.

“Telecoms carriers are looking for opportunities around how to sell 5G,” said Ilung Kim, SK Telecom’s president, in an interview. “Now you can imagine a scanner of this size being used in an ambulance, using 5G data. It’s a game changer for the industry.”

Looking ahead, Nanox will continue to ink partnerships for distributing its hardware and reselling its cloud-based services for processing the scans, but Poliakine said it does not plan to develop its own  technology beyond that to gain insights from the raw data. For that, it’s working with third parties — currently three AI companies – that plug into its APIs, and it plans to add more to the ecosystem over time.

Lyron Foster is a Hawaii based African American Musician, Author, Actor, Blogger, Filmmaker, Philanthropist and Multinational Serial Tech Entrepreneur.

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Hawaii Tech Company MobileGrindz Offers Restaurants an Alternative to Food Service Tech Platforms

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MobileGrindz offers enhanced benefits and lower cost than other food ordering platforms

Honolulu, Aug 2, 2020 – MobileGrindz, a Hawaii based Technology company, has announced the upcoming debut of their foodservice platform that aims to redefine the way food ordering systems and restaurants work together. This venture, spearheaded by Hawaii Local and Black Entrepreneur Lyron Foster, aims to bring additional job opportunities to Hawaii.

With food delivery apps continuing to gain popularity – more than 20% of smartphone users are expected to use food delivery apps by 2021 – restaurants are looking for better ways to offer such services while also boosting their bottom line. 

Many food ordering platforms charge restaurants up to 20% of their orders, which tends to undercut sales severely and adversely affect restaurants. MobileGrindz wants to offer a better solution for restaurants. With their platform, a flat technology fee is charged per month instead of a percentage of sales. This fee structure intends to help businesses better control their costs, make more money, and remain competitive. 

The MobileGrindz team isn’t stopping there. They are working to help restaurants earn more sales in general. One way they are doing this is by offering completely custom and free mobile apps for iOS and Android. This will allow restaurants’ customers to place orders and track their deliveries seamlessly.

Unlike most competitors on the market today, MobileGrindz will offer native apps for restaurants that will let them set up geo-based triggers for promotions that target foot traffic. In addition, this will allow restaurants to offer push notifications which restaurants can utilize to keep their customers informed of special offers and discounts. 

MobileGrindz will also eliminate third party funds disbursements by integrating third-party payment gateways, including Stripe, PayPal, Authorize.net, and others. The inclusion of additional payment gateways will allow restaurants to easily process payments independently and receive revenue more quickly.

The MobileGrindz team says that they will begin on-boarding early adoption users in mid-August, with a general launch of the platform slated for September 1, 2020.

More information can be found at https://www.mobilegrindz.com/

About MobileGrindz

MobileGrindz offers a cost-effective alternative to food ordering platforms for restaurants, helping them better promote their businesses while saving money. 

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MobileGrindz

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Website: https://www.mobilegrindz.com/ 

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Source : MobileGrindz LLCCategories : Business , Food , Mobile , Restaurants , RetailTags : COVID19 , Restaurants , Food , Delivery , Mobile Order , Food Service , Food Delivery , MobileGrindz , Hawaii , Lyron Foster

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Being a Black Entrepreneur in the United States. Learn lessons from Lyron Foster

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Lyron Foster
Lyron has encountered discrimination and other business setbacks. But with determination, successful entrepreneurship in the United States is possible.

Lyron Foster is a very determined and prolific entrepeneur. Becoming an entrepreneur isn’t as easy as one thinks it to be. The journey is full of many challenges, roadblocks, hurdles, and can even turn into failures. However, people who are determined enough, overcome these challenges and establish themselves as entrepreneurs. Entrepreneurs create new business while bearing most of the risks and enjoying the rewards, at the same time. Such people innovate as they become a source of new ideas, goods, services, and business procedures. Entrepreneurs play a key role in the economy where they use their skills to bring new ideas into the market. If their ideas are successful, they are awarded profits, fame, and continued growth opportunities. Lyron Foster is one such successful entrepreneur who has made a name for himself in the business world. He is the CEO of Code Armada, along with 87 other technology brands across 4 countries. He was also the co-founder/CTO of Hostgator.com. He is a renowned serial entrepreneur, author, investor, coder, and technologist.

Lyron had always been interested in technology. According to his family, he had always possessed a natural aptitude for it. He started programming at the age of 12 and started experimenting with Slackware Linux at the age of 13. Over the years, he mastered the skills required to become a technologist. He was only 21 years old when he got his first real “technology” job at BurstNet working as a Linux Engineer. Soon he emerged as a successful technologist, having mastered all the skills. His passion for technology remained constant throughout his life.

Apart from being a successful technologist, Lyron is largely known for his serial entrepreneurship. As a serial entrepreneur, Lyron is continuously coming up with new ideas and starting new businesses. A serial entrepreneur often comes up with an idea and works on setting things up. Once things get started, they give the responsibility to someone else and move on to a new idea and a new venture. Throughout his career, some of the most memorable experiences had to be focused on his business failures and successes. He has often been lucky enough to found or co-found some of the most amazing ventures, such as Code Armada and Hostgator.  However, he has also had the misfortune of experiencing multiple business failures first hand. But Lyron never let this get to him as he learned from his mistakes and always performed better later on. He has learned lots from both his successes and failures. To this date, he has founded or co-founded over 87 businesses across 4 countries.

Despite experiencing multiple business failures, Lyron Foster has never given up and continues to thrive. His peerless determination rivals that of some of the biggest names in business.

One of his most successful business has been HostGator. HostGator was founded in a dorm room at Florida Atlantic University. HostGator has now grown into a leading provider of Shared, Reseller, VPS, and Dedicated web hosting. It is headquartered in Houston and Austin, Texas, with several international offices throughout the globe. Whether you are looking for a personal website hosting plan or a business website hosting plan, HostGator is the perfect solution for it. Their powerful website hosting services do not only help people achieve their overall website goals, but also provides them with the confidence they need in knowing that they have been with a reliable and secure website hosting platform. HostGator is the easiest website hosting platforms to use where Lyron served as the CTO for HostGator.

Currently, Lyron has extended his services to Code Armada, where he serves as the CEO of the company. The Code Armada is a leading US Based Technology Services & Staffing Solutions provider. They train and nurture the world’s top IT talent and then put them to work for businesses around the globe. Lyron has been successfully provided IT talent to the world.

Despite being such a busy man, Lyron finds time for his personal life as he showcases it on his Instagram. He can be seen sharing pictures of his delicious food, his friends and family, and his adventures around town.

For more information, people can follow him on Twitter at @LyronFoster or on Instagram at @lfoster96720.

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Exploiting wormable flaw on unpatched Windows devices is about to get easier

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Exploiting wormable flaw on unpatched Windows devices is about to get easier

Enlarge (credit: Windows)

A researcher has published exploit code for a Microsoft Windows vulnerability that, when left unpatched, has the potential to spread from computer to computer with no user interaction.

So-called wormable security flaws are among the most severe, because the exploit of one vulnerable computer can start a chain reaction that rapidly spreads to hundreds of thousands, millions, or tens of millions of other vulnerable machines. The WannaCry and NotPetya exploits of 2017, which caused worldwide losses in the billions and tens of billions of dollars respectively, owe their success to CVE-2017-0144, the tracking number for an earlier wormable Windows vulnerability.

Also key to the destruction was reliable code developed by and later stolen from the National Security Agency and finally published online. Microsoft patched the flaw in March 2017, two months before the first exploit took hold.

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