News | Artificial Intelligence | March 04, 2020

SymphonyAI Group Acquires TeraRecon

TeraRecon will accelerate innovation in its advanced visualization and AI platforms for image-related decision support to clinical specialists

TeraRecon will accelerate innovation in its advanced visualization and AI platforms for image-related decision support to clinical specialists

TeraRecon's End-to-End AI Ecosystem


March 4, 2020 — SymphonyAI Group, an operating group of leading business-to-business AI companies, today announced the acquisition of TeraRecon, the market-leading advanced visualization and AI solution provider for medical imaging. As SymphonyAI Group's seventh portfolio company, TeraRecon has a charter to establish a new portfolio of healthcare AI solutions focused on medical imaging. 

Using newly patented AI and platform technology, TeraRecon will continue to focus on expanding its open platform for advanced visualization and AI-driven solutions. TeraRecon will accelerate the use of AI in other clinical specialties, including neurology and oncology, in addition to its market-leading solutions in radiology, cardiology, and vascular surgery.

SymphonyAI Group will invest in infrastructure and key initiatives to rapidly produce new advancements and offerings through TeraRecon's industry-leading engineering and product teams. TeraRecon will operate as an independent portfolio company in the SymphonyAI Group. Synergies with TeraRecon technologies will complement the precision oncology offerings of portfolio company Concerto HealthAI.

Used by over 900 health systems globally, TeraRecon solutions provide radiologists and other highly specialized physicians with the software tools they need to quickly visualize and extract critical clinical data from medical images.

Jeff Sorenson, president and CEO of TeraRecon, said, "In just a few years, our company has not only transformed the realm of advanced visualization with artificial intelligence but also our entire industry.  Now with the backing of SymphonyAI Group and the recent recognition of two powerful patents, TeraRecon can think bigger and work faster than ever before. Having been chosen for such an impressive and selective portfolio is truly an honor, and an ideal outcome for our employees, customers, and stockholders."

Dr. Romesh Wadhwani, founder and CEO of SymphonyAI Group, said, "The SymphonyAI Group mission is to use AI to transform the enterprise. We accelerate high-value AI solutions to market to meet the needs of specific vertical industry use cases. TeraRecon has demonstrated the value AI can play in the medical imaging market. We believe that TeraRecon AI technology can continue to deliver unprecedented benefits to doctors and patients and expand into new areas of the healthcare enterprise."

Vibhor Rastogi, investment partner at SymphonyAI Group, said"Artificial intelligence in medical imaging is expected to deliver several breakthroughs spanning a wide range of clinical areas and modalities. With the acquisition of TeraRecon, SymphonyAI Group is bolstering its portfolio of AI-enabled enterprise solutions for the healthcare and life sciences industries. We are committed to leveraging AI to deliver breakthrough therapies and care delivery models."

TeraRecon CEO Jeff Sorenson will be joined on the company's board of directors by SymphonyAI Group CEO Romesh Wadhwani and partners Vibhor Rastogi, Leif Pedersen, and Pradyut Shah.

For more information: www.symphonyai.com

Related Content

News | Artificial Intelligence

September 27, 2021 — Zebra Medical Vision, the deep-learning medical imaging analytics company, announces its eighth U.S ...

Home September 27, 2021
Home
Feature | Artificial Intelligence | By Dave Fornell, Editor

Artificial intelligence (AI) is growing in all areas of medicine and was the topic of several advanced technology ...

Home September 08, 2021
Home
Webinar | Artificial Intelligence

Artificial intelligence is becoming best practice to support clinical decisions and help standardize echocardiography ...

Home August 12, 2021
Home
News | Artificial Intelligence

July 21, 2021 — Artificial intelligence (AI) medical imaging vendors Viz.AI and Avicenna.AI have partnered to enable ...

Home July 21, 2021
Home
Videos | Artificial Intelligence

Federico Asch, M.D., FASE, director of cardiovascular core labs, cardiovascular imaging, MedStar Health Research ...

Home July 01, 2021
Home
News | Artificial Intelligence

June 28, 2021 — Circle Cardiovascular Imaging Inc. and DiA Imaging Analysis Ltd. entered into a multi-year partnership ...

Home June 28, 2021
Home
News | Artificial Intelligence

June 25, 2021 – COVID-19 changed everything in healthcare, and a benefit from this pandemic was a surge in innovations ...

Home June 25, 2021
Home
Feature | Artificial Intelligence

The digital transformation of healthcare is underway, but it will advance further and faster if key stakeholders work ...

Home June 10, 2021
Home
News | Artificial Intelligence

June 9, 2021 — AI Med will present its Virtual Clinical Series: Imaging Built by Clinicians, for Clinicians, June 29-30 ...

Home June 09, 2021
Home
News | Artificial Intelligence

June 3, 2021 — Medical imaging AI specialist Avicenna.AI announced that it has received certification in the United ...

Home June 07, 2021
Home
Subscribe Now