Pixee Medical, world leader in augmented reality navigation technologies for orthopedic surgery, takes a major step forward in its expansion with a $15 million capital raising. This transaction, led by Relyens Innovation Santé, UI Investissement, Innovacom, Angelor and Bpifrance will enable Pixee Medical to accelerate its development in the United States and launch its next generation of innovative products.
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“We are extremely proud of the success of this capital raising. This investment is a significant step forward in our expansion in the US, which is a strategic market for our company. It will enable us to reinforce our technological leadership by developing new products for augmented surgeons, who will benefit from the latest advances in immersive technologies, connectivity, and artificial intelligence; all in the service of their patients.”, emphasizes Sébastien Henry, CEO of Pixee Medical.
The capital we have raised will play a key role in Pixee Medical’s growth strategy, which focuses on four major objectives:
- To significantly strengthen its presence in the United States with the opening of a subsidiary in the first quarter.
- To rapidly deploy our new range of augmented reality navigation platforms.
- To expand our presence in Asia by opening an office in Singapore.
- To recruit new talents to support our growth.
The success of this capital raising underscores not only the investors’ confidence in Pixee Medical’s potential, but also the company’s commitment to remaining at the forefront of technological innovation in the area of navigation solutions for orthopedic surgery.
Since the company was founded in 2018, Pixee Medical has grown rapidly by marketing disruptive solutions:
Knee+: A navigation solution for total knee replacement integrating an augmented reality glasses and instruments that are both minimally invasive and reusable. Already marketed worldwide thanks to CE certification and FDA 510(k) clearance; more than 5,000 patients around the world have already benefitted from this unique solution. Clinical studies have validated the precision and effectiveness of this technology, which is perfectly suited to the requirements of customized implant positioning. Thus, this unique solution meets the needs of the growing ambulatory surgery centers.
Shoulder+: A mixed-reality navigation solution specifically designed for total shoulder replacement achieved worldwide success in 2023, when it obtained CE mark certification in accordance with MDR regulation. FDA approval is anticipated by the end of the year for access to the US target market.
Pixee Medical will be showcasing its latest technological advances at the AAOS World Arthroplasty Congress, which will be held February 12 to 16, 2024 at the Moscone Center in San Francisco.
The company expresses its gratitude to its investors for their continued support and looks forward to this promising new chapter in its ongoing commitment to medical excellence and to improving the quality of life for patients.
“We have been with Pixee since the company was founded in Bourgogne-Franche-Comté, and have witnessed its transition from a pioneer to a global supplier of guidance solutions for orthopedic surgery. We are convinced that this new round of financing will enable Pixee Medical to maintain its role as world technology leader, conquer a fast-growing market, facilitate surgical procedures for orthopedic surgeons, and ensure better patient care”, adds Guillaume Blanchet, Investment Director at UI Investissement.
“As a long-standing partner of Pixee Medical, we are delighted to continue our support of the company in the development of its data-centric platform and innovative orthopedic products, particularly for patients requiring shoulder and hip replacement”, states Bervin Bouani, Investment Director at Turenne Capital.
“Pixee Medical has a promising pipeline, and its flagship product, Knee+ for total knee replacement, addresses the limitations of current robotic-assisted surgery systems, thanks to its technology that enables orthopedic surgeons to perform precise surgeries with a clear benefit for patients while adapting to the surgeons’ practice”, said Jean-François Morin, Investment Director at Bpifrance, a new investor in Pixee Medical.
