G-ray Switzerland, a medical imaging and industrial diagnosis start-up, has announced the appointment of Luis Pallares as Chief Executive Officer, as the company embarks on an accelerated growth drive. The start-up has also raised a further CHF 2.6 million, bringing its Series A funding round to CHF 28 million.
Founded in 2014 in Neuchâtel, G-ray Switzerland has filed several revolutionary patents in the fields of radiographic imaging and new semiconductor assembly techniques in a wide range of sectors, including automotive, aerospace and medicine.
Its core product, the G-ray latenium Monolithic Detector, offers significantly higher spatial resolution with reduced radiation doses. In the medical field, the technology makes medical imaging solutions more precise, secure, readable and more accessible. When applied to the automotive sector, this technology will result in improvements in driver assistance systems that use radar, infrared sensors and Lidar technologies. Early this year, G-ray launched the first latenium demonstrator of its core product and exportes its first latenium X-ray detector to Japan.
G-Ray under new leadership
From now on, G-ray will operate under the leadership of Luis Pallares, who joins as CEO. Pallares brings a wealth of entrepreneurial and start-up experience, having founded Spain’s first streaming service, Addhoc Streaming, Spanish-speaking health-related content site Vivir Mejor, and Spain’s leading digital strategy firm, Nennisiwok. Most recently, Pallares’ deep experience in technology development, artificial intelligence and digital advertising led him to found Plyzer Technologies, a global leader of price comparison technology matched with business analytics and intelligence based on artificial intelligence.
In his new role, Pallares will focus on leading the transformation of G-ray’s business development efforts following the company’s development of a disruptive and patented state of the art technology to bring a safer, cheaper and better vision into imaging for medical and industrial diagnosis.
Luis Pallares, Chief Executive Officer of G-ray, said: “G-ray has already proven to be a positive disruptive force within the technology industry. I relish the opportunity to help deliver tangible progress by bringing improvements in imaging into medical and industrial diagnosis.”
G-ray closes series A round at CHF 28 million
The appointment coincides with the news that G-ray has also raised a further CHF 2.6 million, enabling it to close out its successful series A funding round at CHF 28 million. The investors in the round remain undisclosed. The closing of the first tranche of the Series A round was already announced in 2016.
(Press release/RAN)
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