VUNO Transfers Medical Voice Product to Puzzle AI
Puzzle AI, a provider of voice technology for the medical industry, is taking over VUNO's voice technology assets, adding to its voice portfolio, which includes VoiceEMR, which converts voice dictation into a medical record, and VoiceENR, a voice recognition tool for nurses.
Through the deal, VUNO will transfer VunoMed Deep ASR to Puzzle AI. The solution uses AI for automatic voice recognition and real-time documentation of dictated medical terms.
VUNO will maintain patent rights for the technology, allowing it to receive license fees and sales commissions, while Puzzle AI will receive an exclusive license for the patent. Puzzle AI will also handle research and development while VUNO will focus on sales and marketing.
In a statement, VUNO said the turnover of its medical audio business to Puzzle AI will allow the company to focus on its medical imaging and health monitoring solutions.
"Through this deal, we have established a solid strategic partnership with Puzzle AI to continuously pursue profits related to medical voice business by enhancing business synergy effects, and at the same time, we have laid an important foundation for focusing our R&D capabilities on our main businesses, such as medical images and bio-signals," said VUNO CEO Lee Ye-ha, in a statement.