SANDT, a Shanghai-based specialist in X-ray systems, has reportedly secured nearly RMB 200 million (USD 28 million) in a recent financing round. The investment was led by Zhongxin Capital, with participation from other undisclosed investors. The funds raised will be allocated towards research and development, as well as the manufacturing of new CT tube products.
With roots dating back to the Shanghai Defectoscope Factory, an early pioneer in X-ray technology that developed China’s first industrial X-ray machine, SANDT has a rich history in the field. The company expanded its operations by acquiring Shanghai Medical Device Factory No. 9 in 2016 and Dunlee’s factory and team in the US in 2018. Further solidifying its position in the industry, SANDT established Chronos Imaging in 2019, a dedicated CT tube manufacturing facility.- Flcube.com
