Fusion Robotics closed a financing round with investments from former NuVasive CEO Alex Lukianov and Kevin Foley, MD.
Four key notes:
1. The company plans to use proceeds to prepare Fusion Robotics' spinal robotics platform to achieve FDA clearance and commercialization.
2. As an integration of technologies from Austria-based Interventional Systems and Boulder, Colo.-based Practical Navigation, Fusion Robotics' platform aims to provide a solution that is simple, cost-effective and scalable.
3. Fusion Robotics designed its platform for use in hospitals and ASCs, considering both utility and cost. "We see tremendous potential and are excited to bring this technology to the global spine market," said Mr. Lukianov, who is chairman of the board of Fusion Robotics.
4. The funding amount was not disclosed.