Finland-based Surgify, a medical know-how firm specializing in bone surgical procedure, raised €7 million ($7.9 million) in Sequence A funding.
The spherical was led by Zeiss Ventures, with participation from the European Innovation Council Fund (EIC Fund). Lednil and Cascara Ventures participated within the spherical.
WHAT IT DOES
The corporate’s flagship product, Surgify Halo, is a tissue-specific bone elimination system that gives improved safety towards incidental soft-tissue injury throughout surgical procedures and permits better flexibility in bone resections close to important delicate tissues.
The corporate claims that its “HaloSense” know-how allows shorter bone elimination procedures with out compromising affected person security.
The HaloSense know-how consists of a pressure-controlled ring with a diameter bigger than that of a drill tip.
The ring retracts when pressed towards laborious tissues (crystalline bone) to a degree decrease than the slicing edges, which the corporate says permits Surgify Halo to chop and form bone extra successfully.
The corporate will use the funds to develop its operations within the European Union and U.S.
“ZEISS brings unparalleled expertise in surgical know-how and a world community, whereas the EIC’s continued assist and earlier grant financing underscore the European innovation ecosystem’s confidence in our answer,” Visa Sippola, cofounder and CEO of Surgify Medical, stated in an announcement.
“With this funding and regulatory approvals in each the EU and the U.S., we’re well-positioned to carry our distinctive know-how to extra surgeons and sufferers internationally.”
MARKET SNAPSHOT
In 2021, Surgify introduced the first use instances on sufferers of its bone surgical procedure know-how. The surgical procedures had been carried out at Helsinki College Hospital (HUS).
Different corporations concerned within the bone-cutting know-how house embrace Intuitive Surgical, an organization that develops, manufactures and markets robotic merchandise targeted on minimally invasive surgical procedure. Its most notable product is the da Vinci Surgical System.
Stryker manufactures medical and surgical tools with an intensive portfolio in orthopedics, and Medtronic merchandise embrace cardiac units, surgical robotics, insulin pumps, surgical instruments and affected person monitoring methods.
