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Veeva bought Ostro, a life sciences AI chat platform, for $100 million to boost digital patient and doctor engagement.
Veeva Systems acquired Ostro, a life sciences brand engagement platform, for $100 million in cash and equity.
Ostro’s AI-powered chat system delivers compliant, accurate information to patients and healthcare professionals via brand websites, using conversational AI and semantic search without generating hallucinated responses.
The acquisition, aimed at improving digital engagement, will keep Ostro operating independently under CEO Chase Feiger, with future integration into Veeva’s Commercial Cloud.
Veeva serves over 1,500 global customers and continues to expand AI-driven solutions in healthcare.
The company noted integration risks and forward-looking uncertainties.
Veeva compró Ostro, una plataforma de chat de inteligencia artificial de ciencias de la vida, por $ 100 millones para impulsar la participación digital de pacientes y médicos.