FinTechFunding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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