Read the original article from “L’usine Digitale” here.
OSO-AI, a company based in Brest, France, has raised nearly 10 million euros to develop its augmented ear, which alerts caregivers to disturbing noises in a patient’s room. Through this new operation, the Brest-based start-up intends to accelerate the commercial deployment of its solution, in France and abroad.
In order to meet the strong demand, the company announces a fundraising of nearly 10 million euros, with historical shareholders advised by Joffe & Associés, which are Innocavom, Novinvest Partners and Breizh-up, joined by Cemag Invest Partners. This operation follows a first round of financing of 4 million euros, dated September 2020.
Oso-Ai has developed a prevention system, based on algorithms with the ability to recognize more than a hundred sounds and class noises, (falls, groans, shocks, breathing, footsteps …). Equipped with microphones and sensors, this wall-mounted box analyzes the sound environment of a vulnerable person and generates a notification on a mobile application, with which the care staff is equipped, if this box shows an abnormal or worrying situation.
More than twenty EHPAD and health establishments are now equipped with the OSO-AI device. Olivier Menut, co-president and co-founder of Oso-Ai, expresses that: “We are in a positive dynamic that we will have to support. We have nearly 1000 devices installed in France and expect nearly 3000 by the end of this year”. But the company also intends to open up to a new market: fragile people living at home, in B2B2C via partners.
“To make emerge on the territory, strong and ambitious actors who will have an economic and social impact for the Brittany of tomorrow is one of the objectives of Breizh Up. Through the strength of its breakthrough solution in the field of AI for sound analysis, the quality of its teams, the depth of its market, the responsible scope of its solution that allows an improvement in the quality of care, and the quality of work of the nursing staff, by reducing their stress and allowing them to focus on their job, We are very proud to support the development of this emblematic Finistère startup, which has been supported since its creation by the dynamism of a whole local ecosystem,” says Stéphane Lefevre-Sauli, investment director of UI Investissement and in charge of managing Breizh Up.
- Target company : OSO-AI
- Buyer or Investor : INNOVACOM , CEMAG INVEST , Vincent Deltrieu , NOVINVEST PARTNERS , Catherine Dunand , UI INVESTISSEMENT , Stéphane Lefèvre-Sauli
- Purchaser Lawyer Corporate : JOFFE & ASSOCIES (Thomas Saltiel, Camille Malbezin et Oriana Castelli)
