Samsung Medison to acquire French AI ultrasound startup Sonio for $92.7M

Samsung Medison, a medical system unit of Samsung Electronics that focuses on growing diagnostic imaging gadgets, stated 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 geared 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 stated Sonio’s software program would assist it convey 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 lately secured $14 million in a Sequence A led by Cross Border Impression Ventures in August 2023. The corporate has raised a complete of $27.2 million, in response to Tracxn, and its traders embody Elaia, Bpifrance French Tech Seed, OneRagtime, and some angel traders.

“Via the acquisition of Sonio, Samsung Medison will proceed to ship upon our promise to enhance the standard of individuals’s lives with know-how,” stated Yong Kwan Kim, CEO of Samsung Medison. “Collaboration with Sonio will convey collectively best-in-class ultrasound AI know-how and reporting capabilities to convey 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,” stated Brosset, CEO of Sonio. “We’ve got present in Samsung Medison an incredible, trusting accomplice 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 know-how and diagnostic software program globally, together with for underserved areas in healthcare.”