EssilorLuxottica Buys Eyecare AI, Data Management Firm RetinAI

EssilorLuxottica, the world's largest eyewear company, has acquired RetinAI, a Swiss firm specializing in AI and data management for eyecare. The acquisition aims to enhance EssilorLuxottica's digital capabilities and support its efforts to provide personalized vision care solutions. RetinAI develops advanced algorithms and software tools that analyze retinal images and patient data, helping eye care professionals with early disease detection, treatment monitoring, and personalized care. By integrating RetinAI's technology, EssilorLuxottica seeks to improve its ability to deliver more efficient and tailored vision care services to its customers globally. The financial details of the transaction were not disclosed. The acquisition is expected to contribute to EssilorLuxottica's ongoing strategy of leveraging technology and data to transform the eyecare industry and provide enhanced vision care experiences for consumers.