Chinese Medical Equipment Startup Cashim Raises USD115 Million to Fund Ion Radiotherapy Tech
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Cashim, a Chinese medical equipment startup, has raised USD115 million in its first financing round to advance ion radiotherapy technology. The funding was led by the Zhongguancun Independent Innovation Special Fund and Legend Capital, with participation from existing shareholder Xiamen ITG Group. Founded in 2018, Cashim aims to enhance its technological capabilities and expand internationally, having developed China's first heavy ion medical machine in 2019. The company offers a range of ion radiotherapy products and has treated over 3,500 patients.
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