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Samsung Medison buys AI software firm Sonio SAS for $92 million

Economic Times

Economic Times · 1y ago

Samsung Medison buys AI software firm Sonio SAS for $92 million

Samsung Medison, a South Korean medical device company, has announced its acquisition of Sonio SAS, a French fetal ultrasound artificial intelligence software company. The deal is valued at approximately 126 billion South Korean won ($92.4 million). Samsung Electronics, which holds a 68.45% stake in Samsung Medison, specializes in diagnostic imaging devices.

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HCL Tech to acquire French software firm at €24 mn valuation

VCCircle

VCCircle · 11m ago

HCL Tech to acquire French software firm at €24 mn valuation

Indian IT company HCL Technologies is set to acquire French software firm Zeenea SAS for €24 million. HCL Technologies aims to expand its data and analytics business offerings through this acquisition, which will be completed by September 2024. Zeenea SAS provides an intelligent data discovery platform that supports metadata management applications. The acquisition will enable HCL to offer a unified data intelligence solution to help enterprises better leverage and manage their data. This is the latest in a series of acquisitions for HCL Technologies, following its purchase of German automotive engineering services firm ASAP Group in 2023.

Safran buys AI firm Preligens for €220 million

Economic Times

Economic Times · 10m ago

Safran buys AI firm Preligens for €220 million

A deal has been struck between French jet engine maker Safran and AI firm Preligens for €220 million ($243.3 million). Preligens, which specializes in AI for aerospace and defense, will be rebranded as Safran.AI and integrated into Safran Electronics & Defense. Safran said Preligens develops advanced algorithms and software for analyzing satellite imagery to detect and identify objects of military interest. The collaboration aims to expand the application of AI in aviation, defense, and space.

Samsung Joins $100 Million Investment Round in Exo Imaging, Partners with Samsung Medison, Ex-Medtronic CEO Joins Board | DeepNewz VC

deepnewz

deepnewz · 1m ago

Samsung Joins $100 Million Investment Round in Exo Imaging, Partners with Samsung Medison, Ex-Medtronic CEO Joins Board | DeepNewz VC

Samsung is considering a $100 million investment in Exo, a medical imaging startup. This potential investment demonstrates Samsung's interest in expanding its presence in the healthcare technology sector, likely in partnership with Samsung Medison. This collaboration could support advancements in medical imaging technologies, enhancing diagnostic capabilities. The move aligns with Samsung's strategic interests in leveraging technology to innovate in various sectors, including healthcare, for broader market influence and competitiveness.

AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung

TechCrunch · 1y ago

AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung

Tenstorrent, an AI hardware startup led by engineering expert Jim Keller, has secured $100 million in a convertible note funding round, co-led by Hyundai Motor Group and Samsung Catalyst Fund. Hyundai Motor and Kia will contribute $50 million to jointly develop chips for mobility vehicles and robots. The total funding includes participation from Samsung Catalyst, Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and others. Tenstorrent plans to use the funding for product development, AI chiplets design, and machine learning software roadmap. The company focuses on AI processors and licensing AI software solutions based on RISC-V architecture.

Infinx buys US firm i3 Verticals for $96 million

Economic Times

Economic Times · 1m ago

Infinx buys US firm i3 Verticals for $96 million

Mumbai-based Infinx has acquired US firm i3 Verticals for $96 million to expand its presence in academic medical centers and strengthen its footprint in healthcare revenue cycle management (RCM). This acquisition follows Infinx's purchase of prior authorization firm Glidian. Infinx, which offers AI-driven financial lifecycle solutions, aims to leverage i3’s expertise to enhance service delivery. The RCM services market, valued at $20 billion in 2023, is projected to grow significantly by 2029.

Samsung rolls out One UI 7 Beta update in India: How to download and what's new

Livemint

Livemint · 7m ago

Samsung rolls out One UI 7 Beta update in India: How to download and what's new

Samsung has started rolling out the beta for One UI 7.0, which is considered its biggest software update yet. The update brings several visual enhancements, productivity features, and health and Galaxy AI improvements. Initially available for flagship devices like Galaxy S24, S24+, and S24 Ultra in select countries, more devices will be supported soon. To install the beta, users need to register through the Samsung Members app and follow the provided steps for enrollment and software update download.

92% of Indian SaaS startups adopt AI over the past year: Bessemer report

Economic Times

Economic Times · 11m ago

92% of Indian SaaS startups adopt AI over the past year: Bessemer report

According to a report by Bessemer Venture Partners, nearly 92% of SaaS startups in India have integrated artificial intelligence (AI) features into their products in the past year. These AI technologies, including machine learning and natural language processing, enhance the intuitiveness and automation capabilities of software. The report also predicts that Indian SaaS companies will generate $20-25 billion in revenue by 2030. Cybersecurity has become increasingly important in the sector as well, with domestic consumption of cyber software and services reaching $6 billion in 2023.

Samsung reveals ambitious AI plans with Galaxy AI, hybrid processing and enhanced security

Livemint

Livemint · 8m ago

Samsung reveals ambitious AI plans with Galaxy AI, hybrid processing and enhanced security

Samsung has announced its ambitious AI plans with the launch of Galaxy AI, focusing on hybrid processing and enhanced security. This update brings the latest technology advancements in the world of gadgets and software. Stay tuned for more updates on the latest developments in AI, blockchain, and other technological breakthroughs.

Japan's TDK acquires US-based smart glasses company SoftEye

Economic Times

Economic Times · 15d ago

Japan's TDK acquires US-based smart glasses company SoftEye

Japan's TDK has acquired U.S.-based SoftEye, specializing in smart glasses software and hardware, to expand growth in AI-related sectors. Founded by ex-Samsung and Qualcomm executive Te-Won Lee, SoftEye develops technology for eye tracking and object recognition. The acquisition, reportedly under $100 million, aligns with technology companies venturing beyond smartphones. Industry leaders like Meta, Snap, and Google are also exploring AI-enabled smart glasses to enhance user-environment interaction, signifying a shift towards innovative hardware.

MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding

VCCircle

VCCircle · 1y ago

MENA Digest: Saudi firm CoreVision buys VeFund; MoneyHash, Hayi get funding

Saudi firm CoreVision made headlines in the MENA region as it acquired startup investment facilitator VeFund. Fintech platform MoneyHash secured $4.5 million in seed funding, while UAE-based social platform Hayi raised an undisclosed amount of funding. Other startups that received funding include travel tech platform The Digital Hotelier, AI tech company Camb AI, proptech platform Rize, and cloud kitchen startup The Cloud. Additionally, Dubai-based COTU Ventures closed its debut investment vehicle, raising $54 million to support startups in the region. Overall, it was an active week in terms of funding and investments in the MENA tech ecosystem.

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