Medical imaging companies CurveBeam, LLC and StraxCorp, Ltd. recently signed a merger agreement on Oct. 12, a press release reported.
"CurveBeam AI will continue to lead innovation in weight bearing CT imaging while also forging new paths in improving patient care," CurveBeam AI CEO Greg Brown said.
The new venture to be named CurveBeam AI, Ltd will expand CurveBeam's global catalog of imaging solutions, specifically in the areas of bone health space, and springboards artificial intelligence (AI) driven applications for weight bearing CT (WBCT) imaging.
With a CT imaging network and a global installation base, the project adds onto a five-year collaboration between CurveBeam and StraxCorp, which specializes in bone separation, segmentation and microstructure analysis to assess fracture risk.
CurveBeam AI implements AI & DLAI solutions to automated orthopedic analyses through Curvebeam’s services.
"CurveBeam AI is placing priority on research and development of the advancements necessary to make our solutions the standard of care," Arun Singh, COO, CTO (CT) and president (Americas & Europe) said.
Based in Hatfield, Pennsylvania, CurveBeam AI has now expanded its corporate operations to Melbourne, VIC, Australia. The company counts with the support of 51 employees and various venture funds. The company plans to target an Initial Public Offering in Q2 2023.