Cnoga’s non-invasive devices measure health through optical diagnosis of the changing color shades of a finger.
In 2014, the company announced that it had received a $12.5 million investment from Chinese fund GoCapital. The company’s products are distributed in a number of countries, including Italy, Brazil, and China, and are approved for marketing in 35 countries.
Cnoga was founded by Dr. Yosef Segman, holder of a PhD in mathematics, who previously founded OPlus Technologies, sold to Intel. The original goal was to measure blood sugar levels non-invasively, but this proved to be an extremely difficult parameter to measure. The idea for the company actually arose in China, when Segman photographed many Chinese people, and noticed a difference in their skin hues, and differences between their skin and that of Westerners. He thought, however, that they all had one thing in common – a redness in complexion resulting from the flow of blood.
The company previously cooperated with US company Texas Instruments, with support from the Israel-US Binational Industrial Research and Development (BIRD) Foundation. Texas Instruments also led the Cnoga’s first financing round, in which $8 million was raised.
Source: Published by Globes [online], Israel Business News – www.globes-online.com – on March 6, 2017