About BEIJING X-MAGTECH TECHNOLOGIES
BEIJING X-MAGTECH TECHNOLOGIES is a Healthcare company based in Haidian (China) founded in 2020 by Bin Cai. It operates as a non-invasive magnetic resonance imaging equipment is developed for cardiovascular applications. It operates in the Healthcare and Technology sectors. BEIJING X-MAGTECH TECHNOLOGIES has raised $28.72 million across 2 funding rounds from investors including CMBC Capital, Casstar and Langmafeng Venture Capital. Its chief executive is Bin Cai. Its focus areas include Life Sciences, Imaging Diagnostics, Magnetic Resonance Imaging and Cardiac and Vascular Disorders. Its competitors include iRhythm Tech, AliveCor, Biotricity, Cardiotrack and Element Science and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
Founded in 2020 and based in Haidian, China, the company operates in the medical imaging sector. Non-invasive magnetic resonance imaging equipment is developed, with a focus on a liquid-free helium magnetocardiography system. Weak magnetic fields are detected by this technology for large-scale cardiovascular functional imaging. Operations center on advancing diagnostic tools in the healthcare field.
- Headquarters Haidian, China
- Founders Bin Cai
- SectorsHealthcareTechnology
- Email••••••••
- Phone•••• ••••
- Website xmagtech.com
- Total Equity Funding$28.72M (USD)
in 2 rounds
- Latest Funding Round$13.75M (USD), Series A
Jul 2024
- InvestorsCMBC Capital
& 7 more
Funding Insights of BEIJING X-MAGTECH TECHNOLOGIES
BEIJING X-MAGTECH TECHNOLOGIES has successfully raised a total of $28.72M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $13.75 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $28.72M
- Total Rounds 2
- Last Round Series A — $13.75M
- First Round $14.97M
(Jun 2022)
- Investors Count 8
All 2 funding rounds of BEIJING X-MAGTECH TECHNOLOGIES with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | $13.75M | Series A | – | Beijing Robot Industry Fund | |
| Jun 2022 | $14.97M | Series A | – | IDG Capital |
8 investors in total: 8 institutional.
Investors in BEIJING X-MAGTECH TECHNOLOGIES
BEIJING X-MAGTECH TECHNOLOGIES has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include CMBC Capital, Casstar and Langmafeng Venture Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Casstar is focused on early-stage investments in hard technology. | – | casstar.com.cn | Xi'an, China | |
Venture capital investments are provided to high-tech enterprises. | – | lmfvc.com | Shenzhen, China | |
- | – | zgccity.com | - | |
- | – | itr-lab.com | - | |
Venture capital firm | – | idgcapital.com | New York, United States | |
Diversified financial institution | 1998 | cmbccap.com | Hong Kong, China | |
- | – | beijingrobotindustryfund.tcc.mode | - | |
- | – | zgcity.com | - |
Investor details for BEIJING X-MAGTECH TECHNOLOGIES
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People of BEIJING X-MAGTECH TECHNOLOGIES
1 people are tracked at BEIJING X-MAGTECH TECHNOLOGIES (1 in leadership).
| Name | Role | Group |
|---|---|---|
Bin Cai | Founder & CEO | Leadership |
Complete people profiles for BEIJING X-MAGTECH TECHNOLOGIES
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Timeline of BEIJING X-MAGTECH TECHNOLOGIES
3 dated milestones of BEIJING X-MAGTECH TECHNOLOGIES across 4 years, from founding to its latest funding, stage changes and deals.
- Founded BEIJING X-MAGTECH TECHNOLOGIES is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series A, of $13.8M.
Competitors of BEIJING X-MAGTECH TECHNOLOGIES
BEIJING X-MAGTECH TECHNOLOGIES has 9 listed competitors in our database, 7 of them funded. They include iRhythm Tech, AliveCor, Biotricity, Cardiotrack and Element Science, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| irhythmtech.com | 2006 | San Francisco, United States | $109.23M | 1,657 | Cloud-based ambulatory ECG monitors for cardiac arrhythmia diagnosis are provided. | |
| alivecor.com | 2010 | Mountain View, United States | $114.38M | 67 | Cardiac monitoring devices and applications are provided for heart health. | |
| biotricity.com | 2014 | San Francisco, United States | – | 55 | Developer of medical remote monitoring solutions that help prevent and manage chronic diseases | |
| cardiotrack.io | 2014 | Bengaluru, India | $3.9M | 305 | AI-based EGC data capture and analysis platform | |
| elementscience.com | 2013 | San Francisco, United States | $192.6M | – | Wearable patch defibrillators are developed for sudden cardiac arrest treatment. | |
| welltory.com | 2016 | Redwood, United States | $1M | – | Online health and wellness tracking and training platform | |
| monitrahealth.com | 2016 | Hyderabad, India | $3.68M | 41 | Ambulatory cardiac monitoring devices and solutions | |
| openwater.health | 2016 | San Francisco, United States | $54M | – | Provider of imaging technologies for medical diagnosis and treatments | |
| hyperfine.io | 2014 | New York, United States | – | 131 | Portable MRI systems are manufactured for medical professionals. |
Detailed competitors of BEIJING X-MAGTECH TECHNOLOGIES
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Top companies in Imaging Diagnostics
10 companies that operate in the same segment as BEIJING X-MAGTECH TECHNOLOGIES (Imaging Diagnostics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Handheld ultrasound devices are developed for whole-body medical imaging. | 2011 | Guilford, Connecticut, United States | USD 350 M | USD 97.61 M | 464 | |
Technology tools and systems for molecular scale are developed. | 1959 | Abingdon, Oxfordshire, United Kingdom | – | USD 648.1 M | – | |
MR-interfaced ultrasound devices for cancer and neurology treatments are provided. | 1999 | Tirat Carmel, Haifa District, Israel | USD 574.2 M | – | 541 | |
Robotic microsurgical systems for endoscopy are developed. | 2007 | Redwood City, California, United States | USD 733.62 M | – | 91 | |
Manufacturer of imaging and surgical products | 1919 | Tokyo, Tokyo, Japan | – | USD 6.49 B | 35,933 | |
Ultrasound images are analyzed via AI-based software provided by Exo. | 2015 | Redwood City, California, United States | USD 463.39 M | – | – | |
Planar X-ray radiology products for diagnostic imaging are supplied. | 2000 | Oxford, Oxfordshire, United Kingdom | USD 43.43 M | USD 1.04 M | 50 | |
Digital X-ray sources are developed by Nanox for cloud-based diagnostics. | 2004 | Jerusalem, Jerusalem District, Israel | USD 110.72 M | USD 13.02 M | 165 | |
ImaginAb is focused on developing advanced immuno-oncology imaging technologies. | 2007 | Los Angeles, California, United States | USD 59.64 M | – | – | |
Portable wireless ultrasound systems are developed for medical imaging. | 2014 | Burnaby, British Columbia, Canada | USD 21.87 M | – | – |
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Frequently Asked Questions about BEIJING X-MAGTECH TECHNOLOGIES
BEIJING X-MAGTECH TECHNOLOGIES was founded in 2020 and raised its 1st funding round 2 years after it was founded.
BEIJING X-MAGTECH TECHNOLOGIES is headquartered in Haidian, China. It is registered at Haidian, Beijing, China.
Bin Cai is the current CEO of BEIJING X-MAGTECH TECHNOLOGIES. They have also founded this company.
BEIJING X-MAGTECH TECHNOLOGIES is a funded company, having raised a total of $28.72M across 2 funding rounds to date. The company's 1st funding round was a Series A of $14.97M, raised on Jun 2022.
Founded in 2020 and based in Haidian, China, the company operates in the medical imaging sector. Non-invasive magnetic resonance imaging equipment is developed, with a focus on a liquid-free helium magnetocardiography system. Weak magnetic fields are detected by this technology for large-scale cardiovascular functional imaging. Operations center on advancing diagnostic tools in the healthcare field.
BEIJING X-MAGTECH TECHNOLOGIES's top competitors include AliveCor, iRhythm Tech and Hyperfine.
BEIJING X-MAGTECH TECHNOLOGIES has 8 investors. Key investors include CMBC Capital, Casstar, Langmafeng Venture Capital, Zhongguancun Science City, and Yarui Capital.