Promaxo secures initial Series C close with New Science Ventures backing

• Promaxo announced the initial close of Series C financing on October 22, 2026, with participation from New Science Ventures and Amara Ventures.
• The prostate MRI platform developer also closed a $100 million credit facility.
• Its portable MRI system has FDA 510(k) clearance for prostate biopsy and treatment across a broad range of healthcare settings.
• The new capital will support manufacturing expansion, backlog reduction and new regulatory filings.

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