Formus Labs Raises $5M in Funding
- Formus Labs, an Auckland, NZ-based developer of an automated 3D planner for joint replacement surgeries, raised $5M in funding
- The round was led by GD1, with participation from Punakaiki Fund, Icehouse Ventures, Pacific Channel, and Flying Kiwis
- The company intends to use the funds to accelerate product development and its expansion into the US
- FormusLabs provides an automated 3D planner for joint replacement surgeries
- The cloud platform brings surgeons together with AI and computational biomechanics to deliver orthopedic software solutions
- With FormusLabs a surgeon can get automated, specific plans that are personalized to each patient
