Funding profile · Medical imaging IT

MedXT

A two-person cloud radiology startup that went through Y Combinator in 2013 and was bought by Box in 2014. The only price on record is $3.84 million in Box stock, reported from a Form D. Its earlier funding is not public.

$3.84MBox stock issued for the deal, per a Form D as reported Nov 17, 2014
2Employees at the sale, both founders (Computerworld)
$2Price per study after 50 free, company-reported (Jul 2014)
39 daysFrom announcement (Oct 9, 2014) to the reported filing (Nov 17, 2014)

Data as of September 29, 2026. Company-reported figures are labeled.

Rounds at a glance

When Round Amount Investors Source
2013 Y Combinator, Winter 2013 Not disclosed Y Combinator YC, press
Before 2014 Seed (last funding type listed by Crunchbase) Not disclosed Not named in any source found Database
Oct 9, 2014 Acquisition by Box announced Not disclosed by Box Box, Inc. Acquirer statement
Nov 17, 2014 Box Form D tied to the deal $3,840,000 in stock, as reported Box, Inc. Reporting on a filing

What the filings show

Box, Inc. · Form D · filed Nov 17, 2014 (as reported)

Purpose
Stock issued for the MedXT acquisition; a Box spokesman confirmed the filing was specific to the deal
Sold
About $3.84 million in new shares, per VentureBeat
Other fields
Investor count, exemption and related persons not retrieved for this profile
Filing
SEC EDGAR, Box, Inc., CIK 0001372612

MedXT Lab Corp. · Form D · filed Feb 16, 2024

Accession
0002012357-24-000001
Link to the 2012 company
None found; treated as a separate entity
Filing
SEC EDGAR, CIK 0002012357

Reading the filings

  1. The price is stock, and it is the only number.$3.84 million in new Box shares is what the reported Form D shows. Box gave no other terms, and VentureBeat noted it was unclear whether bonuses or other compensation sat outside the filing.
  2. The split is unknown.Divided evenly between the two founders, $3.84 million would be $1.92 million each. That is an illustration only. Y Combinator and any other holders were entitled to a share, and no source gives the allocation.
  3. Price against usage.The founders cited 300 facilities (MedCity) and about 400 to 500 facilities (AuntMinnie). Spread over those counts, $3.84 million is about $12,800 down to $7,700 per facility. The counts are company-reported and differ.
  4. Announcement, then filing.Box announced on October 9 and said it expected to close in early November (Computerworld). A filing on November 17 is 39 days after the announcement. If shares were issued at an early November close, it falls inside the 15 day window for a Form D.
  5. Pre-sale capital is a blank.No Form D under MedXT’s own name appears for 2012 to 2014, and the parsed Form D records for this profile are empty. Crunchbase lists the last funding type as seed with no amount. What investors put in before the sale is unknown.
  6. A 2024 filer shares the name.MedXT Lab Corp. filed a Form D in February 2024. Nothing found connects it to the Box acquisition or the founders, so it is excluded from every figure above.

Commercial signals

Signal Detail Source type
Pricing 50 free studies, then $2 per study, pay per use. Company-stated
Reach 300 facilities in 25 states and 11 countries (MedCity), or about 400 to 500 facilities with about 80 percent in the US (AuntMinnie). Figures differ
Customers named Critical Medical Solutions, Certify Labs, MedLife Diagnostics, Capstone. Company-stated
Regulatory Viewer described as FDA cleared. No 510(k) number found. Number not found
Integrations Viewer enabled for Microsoft HealthVault; powered the imaging component of CrowdMed. Company-stated

What to watch

  • Box’s own annual filing for fiscal 2015, for the purchase price allocation. It was not retrieved here.
  • The Form D itself, to confirm the amount, the investor count and the exemption.
  • Medplum, founded by the same team in 2021 and 2022, for any disclosed funding.

The MedXT story on Healthcare DiscoveryHealthcare Discovery

Related companies

  • Medplum: Also in Healthcare IT. An open source, FHIR native electronic health record that developers install instead of licensing
  • BeWell Digital: Also in Healthcare IT. A Coimbatore based teleradiology and cloud PACS platform that let radiologists read scans from anywhere
  • Eden: Also in Healthcare IT. A cloud based Diagnostic OS built in Mexico City to make radiology reports faster and more consistent across Latin America
  • Bunkerhill Health: Also in Healthcare IT. Nine FDA-cleared imaging and ECG algorithms, most built inside academic medical centers, wrapped in a platform that acts on what they find

Sources

  1. IndependentBox paid out $3.8M in stock to buy MedXTVentureBeat · Nov 17, 2014
  2. IndependentBox is buying medical data startup MedXTVentureBeat · Oct 9, 2014
  3. IndependentBox buys medical image viewing vendor to boost vertical industry pushComputerworld · Oct 9, 2014
  4. IndependentBox acquires medical collaboration startup MedXT to accelerate vertical pivotSiliconANGLE · Oct 14, 2014
  5. IndependentMedXT image-sharing technology could resolve interoperability issues in teleradiologyMedCity News · Jul 21, 2014
  6. IndependentMedXT leverages consumer IT for cloud-based RIS/PACSAuntMinnie · Jul 20, 2014
  7. IndependentMedXT’s Platform Brings Medical Imaging In Line With Today’s Cloud TechnologyTechCrunch · Jul 15, 2014
  8. DatabaseMedXT organization profileCrunchbase, archived capture
  9. Public recordEDGAR company listing, Box, Inc., CIK 0001372612SEC
  10. Public recordEDGAR Form D mention, MedXT Lab Corp., CIK 0002012357SEC · Feb 16, 2024

Compiled from SEC and other public records and published reports as of September 29, 2026. Form D notices report offerings under Regulation D; amounts reflect the filing date. Healthcare Venture Capital Fund holds no position in MedXT. This page is not an offer to sell or a recommendation to buy any security.