EL SEGUNDO, Calif.--(BUSINESS WIRE)--The family-owned MedTech company KARL STORZ announces the acquisition of innovative software manufacturer Innersight Labs Ltd. (ISL), headquartered in London. In addition to state-of-the-art endoscopes, high-end medical devices, and integrated solutions for the operating room, KARL STORZ continues to expand in innovative software solutions. Its large customer base, including top-class physicians worldwide, can now look forward to 3D models created from medical scans, making surgery considerably easier and even more successful. The know-how gained with the acquisition in the field of artificial intelligence (AI) will greatly enhance the KARL STORZ portfolio. The parties have agreed not to disclose the purchase price.

Innersight Labs drives AI solutions for healthcare

ISL is a British company founded in 2015 by Oxford graduates Lorenz Berger and Eoin Hyde, who were joined shortly thereafter by Matt Gibb, another former Oxford PhD student. ISL developed Innersight3D, a software-only product that allows surgeons to create a patient-specific 3D model from a medical CT or MRI scan. ISL labels the received scans according to different tissue types and creates an interactive 3D model. The three-dimensional representation can then be accessed and interacted with via a web link sent to the physician. Because of the more accurate preoperative assessment, benefits include for example reducing operation time and the risk of surgical complications. Compared to competing products, ISL's AI-based algorithm can significantly reduce manual effort, reducing cost per model and time to deployment. The company currently employs eight people, cooperates with partners, and also operates an office in India. As part of the globally active KARL STORZ Group, the company will now focus on commercial scaling and joint technology development.
Thriving innovation is part of the KARL STORZ DNA

The KARL STORZ success story began in 1945 with innovations in the ENT (ear, nose, and throat) sector. The founder Karl Storz had a clear vision to empower minimally invasive surgery and revolutionize the treatment of patients worldwide. In the meantime, the 8,800 employees spanning the firm set the standard for many smart products in the healthcare sector. “We want to continue pioneering MedTech, particularly in the areas of software and robotics. The research background that ISL brings to the table therefore fits ideally with our vision, mission, and strategic goals. We warmly welcome them to the KARL STORZ family,” said Thorsten Molitor, Executive Vice President at KARL STORZ. The ISL team also has in-depth knowledge of soft tissue deformation and mechanics, computational physics, image processing, and machine learning as well as experience in cloud software development.

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