7D Surgical has completed the largest round of financing to date, providing the funding required to support the commercial launch of its FDA 510(k) approved machine-vision image guided surgery (MvIGS) system.
The funding will also be used for the development of pipeline of innovative and groundbreaking features for both spine and cranial surgical navigation.
7D Surgical CEO Beau Standish said: "The latest investment into 7D Surgical will allow our team to aggressively scale our commercial footprint to meet the demand for our MvIGS technologies.”
"We believe the hospital market will continue to adopt innovations that will lower costs while improving efficiency and safety. The 7D Surgical system is perfectly positioned to fulfill each of these objectives."
7D Surgical has integrated principles common in self-driving vehicles and facial recognition to create the first and only MvIGS platform. 7D Surgical's Flash™ Registration and Flash™ Fix technology allows spine surgeons to perform spinal registration in just seconds, saving valuable operative time.
Clinicians can also update the patient registration with a simple foot pedal click at any time. The system uses only visible light, eliminating the patient and staff exposure to intraoperative radiation which is common with older technologies.
"We have been thrilled by the response from clinicians who have implemented the MvIGS technology," said Brian Stuart, Vice-President of Sales and Marketing at 7D Surgical. "The immediate and positive impact on surgical workflows, radiation reduction and sterile control of the technology has strongly resonated with surgeons and operating room staff.
“These advantages, along with the significant cost savings over current options, makes MvIGS a win for everyone, including hospital administration."
Demonstrations of the 7D Surgical System are available through a state-of-the-art audio-visual experience.
The company will also be presenting live demonstrations at the upcoming Texas Association of Neurological Surgeons Meeting in Houston from Feb 9-10, 2018 and at the Spine Summit Meeting in Orlando from March 15-16, 2018.
7D Surgical is a privately-owned Toronto based company that develops advanced optical technologies and machine vision-based registration algorithms to improve surgical workflow and patient care. 7D Surgical's flagship FDA 510(k)-cleared and Health Canada-approved MvIGS system delivers profound improvement to surgical workflows in spine surgery, providing the promise of similar future advancements in other surgical specialties.