According to VCBeat, on July 25, 2020, Yofo Medical announced the completion of a ￥50 million Pre-A funding round, led by Huaying Venture Capital, with participation from Huami and Anhui Guoyuan Fund. The funds raised will be used for production, sales and preparation of NMPA medical device registration, etc.

Founded in 2017, Yofo Medical is a medical device company dedicated to the research and development of innovative CT imaging technology. The core of its technology lies in that it can optimize the data collection mode through flexible imaging algorithm design, so as to improve product performance while reducing production cost, which comprehensively improves the cost performance of products. Yofo Medical uses open system technology and its core imaging algorithm design can be applied to different clinical CT scanners, which is included in 35 domestic patents and 2 international patents.

Dental cone-beam CT (CBCT) is a special type of X-ray equipment used when regular dental or facial x-rays are not sufficient. Doctors use CBCT to find and treat oral diseases and operate surgeries that are previously impossible. That’s to say, CBCT is a revolutionary tool for dentistry.

Yofo Medical has developed a new generation of the dental CBCT system with a large-diameter field during scanning. In terms of technology advantage, the company has proprietary parallel scanning technology and low-redundancy reconstruction technology, reducing the radiation dose up to 75%. 

The system broke through the existing barriers on the cost of CBCT technology, with the imaging resolution achieving the industry's top as 28 lp/cm (the national standard is10 lp/cm). The reconstruction time of the CBCT in one scanning with a large-diameter field of view (FOV) covering the entire mandible has reduced to 2.6 seconds, while 60 seconds by the mainstream products. Low cost, high precision, microdose, fast reconstruction, Yofo Medical gives the solution to the pain point of the dental CT market.

Founded in April 2016, Huaying Venture Capital currently operates and manages two funds with a total amount of nearly 700 million yuan. The management team members have rich experience in intelligent hardware, AI technology, Internet products, and healthcare.

Founded in 2013, Huami is a cloud-based health service provider with the world's leading smart wearable technology. Huami is also the first Chinese intelligent hardware innovation company to list on the US market. Huami listed on the New York Stock Exchange (NYSE) (stoke code: HMI) in February 2018.