Promaxo Holdings, Inc., a medical imaging, robotics, and AI technology company based in Oakland, California, announced an asset financing agreement with kineo finance. This partnership enables the company to expand commercial and customer sales programs by introducing a direct leasing solution.
Dr. Amit Vohra, Founder and CEO of Promaxo, stated that the company is “pleased to add direct leasing as an option to our growing network of physician practices and academic centers.” He emphasized that kineo’s expertise in the high-tech medical imaging industry influenced the decision to partner on a tailored sales-and-lease-back program.
Andrew Brigham, President USA at kineo finance, noted that Promaxo has developed a proprietary system for point-of-care diagnostic biopsies and cancer treatment, targeting a $3 billion addressable market for in-office urology procedures.
About kineo finance: A Swiss-headquartered asset financing group with subsidiaries in the USA and Germany, offering venture leasing and working capital solutions for companies commercializing hardware-based products.
About Promaxo Holdings, Inc.: The Oakland-based company develops minimally-invasive MRI and robotic platforms backed by over 90 patents, focusing on improving diagnosis and intervention quality through advanced imaging and AI capabilities.