Ireland-based medical technology firm Axial3D has secured $18.2 million in an investment round. It’s been a decade exactly that the company is on a mission to transform patient-specific care based on advanced technologies such as 3D printing.
The past year has been marked by partnerships to foster education in healthcare institutions, the continuous adoption of Axial3D’s technology in hospitals as seen with Southampton Hospital, and the improvement of the company’s solutions. Axial3D for instance enhances cardiac imaging with 3D, the development of cloud-based segmentation and collaborates with GE Healthcare to create radiation-free 3D visualizations and 3D-printed anatomical models that will potentially reduce the need for an additional CT scan.
With this new investment round, the company will “accelerate [its] mission of making patient-specific surgery routine globally.”
“Reflecting on the transformative potential of the new investment, he added, “Our market-fundamental patented technology platform empowers medical device companies, medical imaging companies, and hospitals to standardize the use of incredibly precise, patient specific 3D data that transforms their offerings for patients. Our AI technology has the power to impact millions of patients globally across patient specific applications in robotics, planning and patient specific device workflows,” shared Roger Johnston, CEO of Axial3D.
This latest funding includes continued support from Axial3D’s first-round investors Techstart, Innovation Ulster Limited and US and NI business Angels as well as additional follow-on investment from Clarendon. It also welcomes three new strategic investors: 57 Stars, Whiterock, and Innovate UK. In particular, with its USD 10 million investment, 57 Stars will become the company’s largest shareholder.
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