May 21, 2024

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Samsung Madison to accumulate French AI ultrasound startup Sonio for $92.7 million

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Samsung Electronics’ medical gadget unit Samsung Medicine, which makes a speciality of growing diagnostic imaging gadgets, stated on Wednesday it plans to accumulate sonioA Paris-based startup that creates AI-powered software program for ultrasound workflows Approximately $92.7 million (KRW 126 billion),

The French startup’s AI assistant goals to assist obstetricians and gynecologists in evaluating and documenting ultrasound examinations, and it has additionally obtained regulatory clearance within the United States (FDA 510(okay)) for Sonio Detect, a Product that makes use of deep studying algorithms to enhance the picture high quality of ultrasound scans in actual time.

Samsung Madison stated Sony’s software program will assist deliver higher AI-powered imaging workflows to the market. Samsung Electronics, which holds a 68.45% stake within the medical gadget unit, acquired Medison in 2011 for $22 million.

Samsung stated in a press release that following the acquisition, SonyO will stay an unbiased firm and can proceed to develop commercially and provide services and products in France.

Co-founded in 2020 by Cécile Brosset (CEO) and Remi Besson (CSO), Sonio just lately secured $14 million. Series A led by Cross Border Impact Ventures in August 2023, According to this, the corporate has raised a complete of $27.2 million. TraxonAnd its traders embrace Alaya, BpiFrance French Tech Seed, OneRagTime and a few angel traders.

“Through the acquisition of Sony, Samsung Madison will continue to deliver on its promise to improve people’s quality of life with technology,” stated Samsung Madison CEO Yong Kwan Kim. “The collaboration with Sonio will bring together best-in-class ultrasound AI technology and reporting capabilities to drive a paradigm shift in prenatal ultrasound exams.”

“Samsung Madison’s established global ultrasound business combined with Sonio’s advanced AI creates an exciting growth opportunity for both parties,” stated Brossett, CEO of Sonio. “We have discovered an exquisite, trusted companion in Samsung Madison to advance and speed up our roadmap and mission. In addition to the shut collaboration with Samsung Medicine, as an unbiased firm, Sonio will proceed to advance medical reporting expertise and diagnostic software program globally, together with in underserved areas in healthcare.

(TagstoTranslate)Acquisition(T)France(T)Samsung Electronics(T)South Korea

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