Samsung Medison, a medical system unit of Samsung Electronics that focuses on growing diagnostic imaging gadgets, stated on Wednesday it plans to amass 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 geared toward serving to obstetricians and gynecologists with the analysis and documentation of ultrasound exams, and it has additionally obtained regulatory clearance in america (FDA 510(ok)) 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 stated Sonio’s software program would assist it deliver 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 stated in a press release that following the acquisition, Sonio will stay an unbiased firm and proceed to develop commercially and provide 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 Series A led by Cross Border Impact Ventures in August 2023. The corporate has raised a complete of $27.2 million, in keeping with Tracxn, and its traders embody Elaia, Bpifrance French Tech Seed, OneRagtime, and some angel traders.
“By the acquisition of Sonio, Samsung Medison will proceed to ship upon our promise to enhance the standard of individuals’s lives with expertise,” stated Yong Kwan Kim, CEO of Samsung Medison. “Collaboration with Sonio will deliver collectively best-in-class ultrasound AI expertise and reporting capabilities to deliver a paradigm shift within the prenatal ultrasound examination.”
“Samsung Medison’s established world ultrasound enterprise mixed with Sonio’s superior AI creates an thrilling development alternative for either side,” stated Brosset, CEO of Sonio. “We now have present in Samsung Medison an incredible, trusting associate 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.”