Fusion Robotics today announced the closing of a financing round for an undisclosed amount with lead investment by Alex Lukianov (Lukpartners) and Kevin Foley. The proceeds will be used to ready the company’s spinal robotics platform to obtain regulatory clearance and to prepare for commercialisation.
The platform is an integration of technologies from Interventional Systems (Wattens, Austria) and Practical Navigation (Boulder, USA). Fusion Robotics’ CEO Brad Clayton, says, “The Fusion Robotics platform has a small footprint and is simple, cost-effective and scalable” which differentiates the system from other spinal robots currently on the market and in the immediate-term product pipeline.
“Fusion Robotics will create opportunities for wide-scale adoption of robotics in spine surgery—both in hospitals and ambulatory surgery centres—by addressing constraints related to practicality and cost. We see tremendous potential and are excited to bring this technology to the global spine market,” said Alex Lukianov, who will hold the role of chairman of the board for Fusion Robotics.