THINK Surgical brings in $100M

Hearken to this text

THINK Surgical’s TSolution system can automate the bone preparation course of for knee surgical procedures. | Supply: THINK Surgical

THINK Surgical, a developer of lively robotics for knee substitute surgical procedures, introduced that it introduced in a $100 million funding from KDB Funding World Healthcare of Korea, a brand new investor within the firm. 

The corporate plans to make use of the funding to carry new merchandise to market that can supply a typical planning resolution that can work throughout a number of robotic platforms and a alternative of implants from totally different producers. 

Many present surgical robotic techniques are closed techniques that require surgeons to choose from a single producer’s implants. THINK Surgical desires to make it attainable for surgeons to choose implants from many producers, to allow them to give attention to which implant can be finest for every particular person affected person. 

“We’re extraordinarily excited to strengthen our monetary place to help profitable new product commercialization by means of this financing spherical,” Stuart Simpson, president and chief government officer of THINK Surgical, stated. “KDB Funding is a extremely refined and revered skilled funding agency, and their funding will assist us broaden our model and presence within the business.  We enormously recognize their confidence in THINK Surgical as an funding alternative.”

THINK Surgical present product providing, the TSolution One Complete Knee Utility, can totally automate bone preparation for knee surgical procedures. The system is made up of the TPLAN 3D Planning Workstation, a pc system for preoperative planning, and the TCAT Laptop-Assisted Instrument, a device that takes TPLAN’s preoperative plan and prepares the bone cavity and joint floor. 

When performing operations with TSolution, surgeons will use TPLAN to design a joint substitute process that works with the affected person’s particular anatomy. Then, TCAT prepares the bone with sub-millimeter dimensional accuracy. This enables the surgeons to higher and place and align the implant based on their plan. 

KDB Funding is a personal fairness agency wholly owned by Korea Growth Financial institution that focuses on selling and advancing the pursuits of firms by offering monetary help. 

“We’re very impressed with the know-how portfolio that THINK Surgical has developed and is planning to commercialize.  We very a lot stay up for a number of deliberate product launches over the approaching years,” DH Lee, chief government officer of KDB Funding, stated. “THINK is effectively positioned to efficiently launch their robotic know-how with a differentiated enterprise mannequin that gives their clients with higher worth propositions, and KDB Funding has nice confidence within the management of THINK, primarily in CEO Stuart Simpson, given Stuart’s deep expertise within the orthopedic surgical robotic enterprise.”