Ortho Kinematics, an Austin, Texas-based spine diagnostics company, closed $2m of new funding.
The round was led by TEXO Ventures, with participation from original investors, PTV Sciences and Gatebridge Investments.
Founded by current CEO Adam Deitz, the company intends to use the new funds to expand its ongoing clinical study of the KineGraph VMA™ (Vertebral Motion Analyzer) technology, pursue regulatory clearance (it is still an investigational device), and hire key sales personnel.
The KineGraph VMA™ technology, which is designed to analyze spinal motion in conjunction with standard fluoroscopy, is currently in clinical studies at seven sites across the United States and United Kingdom.
It captures video images of the spine in motion while patients are guided through a series of flexion, extension, and side-bending movements. Proprietary image recognition software tracks the intervertebral movement to produce information about the movement at each vertebral level.
FinSMEs
08/12/2010