Company Overview
About Exo
Exo is a medical technology company founded in 2015 and headquartered in Redwood City, California, focused on making high-performance ultrasound imaging accessible at the point of care. The company's hardware innovation centers on a proprietary silicon-based ultrasound transducer technology using Piezoelectric Micromachined Ultrasonic Transducers (PMUTs) — a semiconductor manufacturing approach to building ultrasound transducers rather than the traditional piezoelectric ceramic crystal approach used in conventional ultrasound probes. The PMUT-on-chip architecture enables Exo to produce ultrasound transducers that are significantly smaller, thinner, and lower-cost to manufacture at scale than conventional transducer technology, while potentially enabling future integration with computing electronics on the same chip.
Business Model & Competitive Advantage
Exo's Iris platform combines the PMUT-based handheld ultrasound probe with AI-powered imaging software that guides clinicians through image acquisition, provides real-time interpretation assistance, and enables clinical workflow integration. The software layer is designed to lower the skill barrier for ultrasound use in clinical settings — particularly emergency medicine, critical care, primary care, and rural/resource-limited environments where trained sonographers are unavailable. AI guidance for probe placement, automatic anatomical recognition, and measurement automation are key differentiators versus competing handheld ultrasound devices.
Competitive Landscape 2025–2026
The company has raised over $220 million in funding, including a $100 million Series C in 2022 led by Transformation Capital, reflecting significant investor interest in point-of-care diagnostics and AI-assisted medical imaging. Exo competes with the established handheld ultrasound leader Butterfly Network (public, NYSE: BFLY, which uses a competing CMUT technology platform) and conventional ultrasound manufacturers including Philips Lumify, GE Vscan, and Fujifilm Sonosite. Exo's PMUT technology and emphasis on AI-guided workflows position it as a differentiated challenger in a market where point-of-care ultrasound adoption is accelerating across clinical specialties.
Key Differentiators
Emerging Innovator
Exo is an emerging player bringing innovative solutions to the Healthcare market.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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