Samsung Medison, a medical system unit of Samsung Electronics that makes a speciality of growing diagnostic imaging units, mentioned on Wednesday it plans to accumulate Sonio, a Paris-based startup that makes AI-powered software program for ultrasound workflows, for about $92.7 million (KRW 126 billion).
The French startup’s AI assistant is aimed toward serving to obstetricians and gynecologists with the analysis and documentation of ultrasound exams, and it has additionally obtained regulatory clearance in the USA (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 Medison mentioned Sonio’s software program would assist it carry higher AI-driven imaging workflows to the market. Samsung Electronics, which owns a 68.45% stake within the medical system unit, acquired Medison for $22 million in 2011.
Samsung mentioned in a press release that following the acquisition, Sonio will stay an unbiased firm and proceed to develop commercially and supply services in France.
Co-founded by Cecile Brosset (CEO) and Remi Besson (CSO) in 2020, Sonio most not too long ago secured $14 million in a Collection A led by Cross Border Affect Ventures in August 2023. The corporate has raised a complete of $27.2 million, in accordance with Tracxn, and its buyers embrace Elaia, Bpifrance French Tech Seed, OneRagtime, and some angel buyers.
“By way of the acquisition of Sonio, Samsung Medison will proceed to ship upon our promise to enhance the standard of individuals’s lives with expertise,” mentioned Yong Kwan Kim, CEO of Samsung Medison. “Collaboration with Sonio will carry collectively best-in-class ultrasound AI expertise and reporting capabilities to carry a paradigm shift within the prenatal ultrasound examination.”
“Samsung Medison’s established international ultrasound enterprise mixed with Sonio’s superior AI creates an thrilling progress alternative for each side,” mentioned Brosset, CEO of Sonio. “We’ve present in Samsung Medison a tremendous, trusting companion to pursue and speed up our roadmap and mission. Along with shut collaboration with Samsung Medison, as an unbiased firm, Sonio will proceed to advance medical reporting expertise and diagnostic software program globally, together with for underserved areas in healthcare.”
