Ortho Kinematics‚ Inc., an Austin, Texas-based healthcare diagnostics company focused on spine imaging informatics, closed a $4m in debt financing.
Backers included Texo Ventures, an early stage technology venture fund focused on the business of healthcare, as well as other previous investors.
The company intends to use the funds to strengthen its cash position and expand commercialization of the VMA (Vertebral Motion Analysis) and launch several new product features.
Led by Paul Gunnoe, CEO, Ortho Kinematics provides the VMA (Vertebral Motion Analysis) for the radiographic assessment of spinal motion and instability. The company has commercially tested over 4,000 patients with the VMA technology.