OrthAlign raises $10M in financing for research & development expansion: 5 insights

Written by Mackenzie Garrity | September 27, 2017 | Print  | Email

OrthAlign raised $10 million in a series D financing round.

Here are five insights:

 

1. The company plans to use the investment to drive product development as OrthAlign expands from a total knee surgery solution provider to a platform technology provider for total knee, partial knee and total hip replacement surgeries.

 

2. The funds will be used to support commercial expansion through investments in hiring and key programs in global markets.

 

3. Currently, OrthAlign manufactures and distributes KneeAlign, a computer assisted navigation application for total knee replacement surgery.

 

4. KneeAlign has been used in more than 65,000 surgeries around the world, and is designed to reduce instrumentation trays while delivering information directly to the physician through computer navigation.

 

5. The financing round was led by OrthAlign's existing investors River Cities Capital Funds, California Technology Ventures, Research Corporation Technology and Mutual Capital Partners.

 

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