Houston-based Circinus Medical Technology closed its initial round of series A financing, the company said in a Dec. 3 news release.
The funding will be used to commercialize the Bolt Navigation System in the U.S., Europe and other markets, the company said. The spine device uses iOS software, requires no special adaptations for use with different instruments, uses standard imaging, and is provided via a subscription business model.
The round was led by Grand Oaks Capital, whose CIO Dave Bovenzi will join the board at Circinus, according to the release.