Formus Labs: Raises $5M in Funding

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