Samsung Medison, a medical gadget unit of Samsung Electronics that focuses on growing diagnostic imaging units, mentioned on Wednesday it plans to acquire 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 acquired regulatory clearance within the United States (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 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 gadget unit, acquired Medison for $22 million in 2011.
Samsung mentioned in an announcement 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 just lately secured $14 million in a Series A led by Cross Border Impact Ventures in August 2023. The firm has raised a complete of $27.2 million, in accordance to Tracxn, and its buyers embody Elaia, Bpifrance French Tech Seed, OneRagtime, and some angel buyers.
“Through the acquisition of Sonio, Samsung Medison will proceed to ship upon our promise to enhance the standard of individuals’s lives with know-how,” mentioned Yong Kwan Kim, CEO of Samsung Medison. “Collaboration with Sonio will carry collectively best-in-class ultrasound AI know-how and reporting capabilities to carry a paradigm shift within the prenatal ultrasound examination.”
“Samsung Medison’s established world ultrasound enterprise mixed with Sonio’s superior AI creates an thrilling progress alternative for each side,” mentioned Brosset, CEO of Sonio. “We have present in Samsung Medison a tremendous, trusting associate to pursue and speed up our roadmap and mission. In addition to shut collaboration with Samsung Medison, as an unbiased firm, Sonio will proceed to advance medical reporting know-how and diagnostic software program globally, together with for underserved areas in healthcare.”
