Odin Vision

Olympus announced that it plans to establish a series of digital excellence centers (DECs) following its acquisition of Odin Vision.

London-based Odin Vision develops a portfolio of commercially available computer-aided detection/diagnostic (CAD) solutions. It also holds an innovation pipeline of cloud-enabled applications. Olympus agreed to acquire cloud-based Odin Vision in a $79 million deal late last year. The company said the acquisition strengthened its strategy around initiatives in digital health. It aims to progress its AI-powered real-time diagnosis and minimally invasive treatment offerings.

Using Odin Vision’s solutions with its core endoscopy portfolio, Olympus plans to collect and analyze procedural, clinical and medical device data in real-time. Powered by a new, modern digital platform, the company seeks to reduce administrative and cognitive burdens while improving operational efficiency.

“As a leader in endoscopy and innovat…

Olympus announced today that it agreed to acquire cloud-based AI endoscopy technology developer Odin Vision.

The agreement totals up to $79 million in upfront and milestone-based payments.

London-based Odin Vision develops a portfolio of commercially available computer-aided detection/diagnostic (CAD) solutions. It also holds an innovation pipeline of cloud-enabled applciations.

Clinicians and AI experts at the Wellcome / EPSRC Centre for Interventional and Surgical Sciences (WEISS) at University College London (UCL) founded Odin Vision. They created it with a mission to offer digital technology for a “new era” of healthcare supporting doctors to deliver higher quality care. The company aims to improve patient outcomes and patient experience while increasing value for healthcare providers.

Olympus said in a news release that Odin Vision aims to “create a paradigm shift” in AI integration for endoscopy. The company seeks to …