Avitus Orthopaedics Inc., (formerly BOSS Medical Inc.), a Farmington, Conn.-based developer of orthopaedic tools, received $350k investment.
The investment, made by Connecticut Innovations, was announced in March 2014.
The company has been using the funds to relocate its headquarters from Maryland to Connecticut, finalize the product manufacturing process, prepare filings for U.S. Food and Drug Administration (FDA) clearance; and expand marketing initiatives to support pilot sales.
Founded in 2011 and led by Neil Shah, CEO, and Maxim Budyansky, chief technology officer, Avitus develops a minimally-invasive bone graft harvesting device that cuts and collects bone from the patient with a streamlined process.
The company is now headquartered at the University of Connecticut Technology Incubation Program in Farmington, Conn.