2/08/2023 – VALÈNCIA (VP). Substrate AI, the artificial intelligence company listed on the BME Growth, has closed the purchase of the medical equipment company Equipos Hospitalarios for 2.6 million euros.

With this acquisition, Substrate AI increases its commitment to the healthcare sector, a sector in which artificial intelligence plays and will play a fundamental role, and thus increases its portfolio of clients and potential buyers of its software developments for the industry.

"We know that artificial intelligence plays and will play a fundamental role in the world of healthcare, a sector that is of particular interest to us and in which we are developing various software solutions related to diagnostic imaging for animals and the management of veterinary clinics. We must not forget that spending on pets is increasing by more than 5% per year worldwide and already exceeds $200m," he says. José Iván García CEO of Substrate AI.

Substrate AI was listed on BME Growth in May 2022 as the first artificial intelligence company to be listed in Spain and operates as a holding company of companies that sell, apply and develop

artificial intelligence in their sectors, with a focus on creating efficiencies that drive the economy on its path to sustainability and emission neutrality.

The companies that make up the Substrate AI portfolio develop and sell artificial intelligence solutions in sectors such as healthcare, agritech, fintech, HR and energy. In addition, the company offers consulting services for other companies wishing to implement artificial intelligence solutions in their day-to-day business.

In addition to BME Growth, the company is listed on the American OTC market and is closing the process of listing on the London Aquis, a market focused on growth companies.