NI MedTech company axial3D raises a healthy £2.4m
by Startacus Admin
NI-based medical technology company, axial3D, has raised £2.4m of investment following a successful ‘Series A’ funding round.
Based in Belfast, axial3D is a pioneering medical 3D printing company specializing in the use of patient-specific medical models to advance both standards and efficiency of surgical intervention. Creating precise 3D models generated from patient CT, MRI and PET data, this technology enhances pre-operative planning by personalizing healthcare. axial3D dispatches custom 3D printed models globally within 48 hours.
While the axial3D team is already working with internationally renowned healthcare providers and surgeons, the £2.4m investment will support the creation of eight new jobs, further R&D and drive expansion into key markets, including the USA.
The financing round was led by London-based Imprimatur Capital Fund Management, an international science and technology investor. Internationally the round was supported by a US cohort of angel investors, made up predominantly of surgeons.
At a local level, axial3D was further supported by its initial investor - Techstart Ventures through its TechstartNI fund, 
which was established by Invest NI as part of its Access to Finance strategy. Other early stage investors include Clarendon Fund Management, through its Invest NI fund, Co-Fund NI, and Innovation Ulster Ltd.
axial3D’s key aim is to deploy Artificial Intelligence techniques within its software, reducing pre-production time and enabling more healthcare institutions to benefit from the use of 3D printed models.
The global 3D printing medical devices market is set to grow over 23% in the next five years, largely due to the increasing adoption of 3D printing technology within the medical sector.
axial3D has a range of solutions to suit healthcare institutions at every stage of their 3D printing journey, from those needing a one-off custom print, to those with an existing 3D print lab hoping to increase compliance and productivity, while reducing operating costs.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Starting a business can be a lot of hard work, so here's a few ways to avoid burnout and find a healthy work life balance.
At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
The lowdown on how an Australian startup generated global sales for their innovative product, "weighted blankets"...
At 82% the UK takes 4th place in the list of countries being most ready for automation and robotics, whilst 30% of UK population’s jobs are at risk of automation.
The innovative game, eQuoo that helps users build their emotional fitness and thereby help fight their mental illness
The London-based femtech startup that is using AI and genetic testing to provide a tailored oral contraception service for women
Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
Brandtech group, You & Mr Jones, has invested in ethical video startup Good-Loop who have closed a US $1.6m seed funding round.
2019 saw celebrities contribute to start-up investments in record numbers, surpassing a previous spike in 2015.
Published on: 23rd July 2019
.png)
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Ideation NI Thon at NI Science Festival sets out to solve global issues 17th Jan 2020 At one-day event Ideation NI Thon, students will get the chance to solve global and local sustainability, environmental, city and health problems.
- NI startup ESTHER takes flight to New York 16th Jan 2020 NI startup ESTHER, a peer-2-peer giving platform allowing charitable donors to give money directly to people living in poverty, head to New York for a 4-day fact finding mission.
- 2019 stats show that the gender pay gap continues 14th Jan 2020 Recent research by Starling bank shows that in 2019, women earned up to £12,319 less per year than their male colleagues of the same age and within the same industry
- Digital DNA Awards 2020 nominations now open 13th Jan 2020 The Digital DNA Awards, held in partnership with MCS Group, celebrate the best tech talent, from companies of all sizes, excelling in the world of Digital and Tech and not just in NI...
