OSO-AI

Based in France, OSO-AI is an artificial intelligence company focusing on enhancing healthcare practices through innovative technology solutions tailored for elder care facilities. OSO-AI, founded in 2018 and headquartered in Brest, France, specializes in artificial intelligence solutions for healthcare, particularly for EHPADs. The company was founded by Olivier Menut, who has a background in entrepreneurship. OSO-AI has raised EUR 6.

00 million in funding led by Innovacom, Novinvest Partners, and Cemag Invest as of July 17, 2023. The total amount raised to date is EUR 6. 00 million, with a current valuation of EUR 18. 823 million.

OSO-AI specializes in advanced technological solutions designed to enhance care practices within healthcare facilities, particularly EHPADs. Their primary offering, 'L'Oreille Augmentée,' provides automatic detection of distress situations among residents, facilitating prompt intervention by caregivers. This service aims to modernize care practices, ensuring better respect for residents' sleep and privacy while alleviating the mental load on caregivers. OSO-AI's products serve various markets, including France and other European regions where elder care facilities exist.

OSO-AI generates revenue through strategic partnerships and direct contracts with healthcare facilities, primarily operating within the B2B sector. The company utilizes a subscription-based model, allowing institutions to pay for ongoing access to their services, including updates and support. Their flagship offerings, such as the distress signal detection system, are central to the revenue model, catering to the evolving demands of elder care. Specific pricing plans for these products have not been disclosed, reflecting the tailored nature of their solutions to fit clients' unique needs.

Following a funding round in April 2023, where OSO-AI raised EUR 6. 00 million, the company plans to expand the production of its augmented ear device. OSO-AI aims to enhance its offerings with new product designs and is exploring expansion into additional European markets. The recent funding will be utilized to support these initiatives, setting the stage for growth in the elder care technology sector.