
G-ray Switzerland Closes Series A Funding Round; Appoints new CEO
Pallares is focused on transforming G-ray's business development efforts following its development of a disruptive and patented state of the art technology to bring a safer, cheaper
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CIO Applications Europe | Friday, September 04, 2020

Pallares is focused on transforming G-ray's business development efforts following its 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.
Fremont, CA: Switzerland-based medical imaging and industrial diagnosis startup founded in 2014, G-ray Switzerland, announced the appointment of Luis Pallares as Chief Executive Officer. The appointment is in relation to the company's attempt to embark on a new journey of accelerated growth drive and completes a successful funding round. Pallares is focused on transforming G-ray's business development efforts following its 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.
"G-ray has already proven to be a positive disruptive force within the technology industry and I relish the opportunity to help deliver tangible progress by bringing improvements in imaging into medical and industrial diagnosis," said Luis Pallares, Chief Executive Officer of G-ray. Pallares has a considerable amount of entrepreneurial and startup experience and had founded Spain's first streaming service, Adhoc Streaming, Spanish-speaking health-related content site VivirMejor, and Spain's leading digital strategy firm, Nennisiwok.
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Pallares' vast experience in technology development, artificial intelligence, and digital advertising helped him establish Plyzer Technologies, a global leader of price comparison technology combined with business analytics and intelligence based on artificial intelligence. The new CEO appointment coincides with an additional USD 2.8 million raised by the company, enabling it to close a successful Serie A funding round at USD 30.7 million.
"Our technology has already started to disrupt the multi-billion particle detection imaging markets, based on our proprietary and transformative unique detector architecture. As artificial intelligence impacts the traditional X ray detector market, Luis is the perfect choice to lead G-ray forward into a new phase of growth and to capture these opportunities," said Yves Claude Aubert, Chairman of G-ray Switzerland. G-ray has filed several revolutionary patents in the fields of radiographic imaging and new semiconductor assembly techniques. The company has developed core skills in monolithic detectors with integrated high-resolution CMOS circuits. These innovations cover a wide range of sectors, including automotive, aerospace, and medicine.
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