SMAIO (Software, Machines and Adaptative Implants in Orthopaedics – Euronext Growth Paris ISIN: FR0014005I80 / Ticker: ALSMA), a French player specializing in transforming vertebral fusion with breakthrough innovation, announced that it has obtained €2.5m in non-dilutive financing.
Latest Fintech Interview: Global Fintech Interview with Lisa Loud, CEO & Co-founder at FLUIDEFI
A €1.0m loan from Bpifrance to integrate artificial intelligence into SMAIO’s solutions
Bpifrance has granted SMAIO a €1.0m Innovation Research and Development (R&D) loan with a 3-year grace period to help finance a research programme aimed at automating its spinal realignment surgical planning system using artificial intelligence (AI).
The current challenge in surgical planning of vertebral realignment is to harness the database of tens of thousands of patient radiographs analysed with the KEOPS Balance Analyzer 3D software, in order to simulate the perfect realignment for each future patient, taking into account his or her morphological characteristics. The development of AI algorithms aims to make this process automatic, enabling the surgeon not only to choose the most appropriate realignment, but also to predict the shape of the spine after surgery with greater accuracy.
Two loans totalling €1.5m from its banking partners
The banking pool comprising BNP Paribas and Société Générale has granted SMAIO two loans totalling €1.5m, which can be drawn down by the end of September 2023. These loans have a maturity of 4 years.
Philippe ROUSSOULY, CEO of SMAIO, stated: “We are delighted with these financings obtained on advantageous conditions. They provide us the flexibility we need to pursue SMAIO’s commercial development in line with the roadmap presented at the time of the IPO, while maintaining our meticulous investment in R&D for innovative solutions incorporating artificial intelligence”.
Read More About Fintech Interview: Global Fintech Interview with Cristina Ceban, Founder at Women Do Crypto
A precursor in the use of clinical data and imaging of the spine, SMAIO designs global solutions for spine surgery specialists. The Company has recognized expertise thanks to KEOPS, its Big Data management software that has become a global reference with more than 100,000 patient cases documented.
SMAIO offers spine surgeons a comprehensive platform, I-Kontrol, incorporating planning, implants and related services, enabling them to treat spinal pathologies in a safe, effective and lasting way.
SMAIO is positioned at the forefront of innovation with the ambition of providing surgeons with the first active robotic solution enabling a high level of performance and repeatability to be achieved.
Based in Lyon, France, SMAIO benefits from the skill and expertise of more than 30 highly specialized staff.
Browse The Complete Interview About Fintech : Global Fintech Interview with Lorien Gamaroff, CEO at Centbee
[To share your insights with us, please write to sghosh@martechseries.com]
