axial3D Secures Over £500k Seed Funding to Further Advance Its 3D Medical Printing Technology and Expansion into New Markets
Belfast, UK (PRWEB UK) 5 April 2017 -- axial3D, a leading innovator in web-based technology for 3D printing in healthcare, is pleased to announce it has closed an investment round bringing its seed funding to £530,000.
The firm plans to heavily invest in further development of axial3D insight, an innovative workflow solution that facilitates efficient access to 3D printed patient-specific anatomical models for surgical planning.
axial3D has experienced a global increase in demand for its patient-specific 3D printed models which are typically used to better understand the pathology, facilitate preoperative planning and improve the surgical outcome for patients. Leading consultants also rely on axial3D’s bespoke models to develop new surgical techniques, trialling novel procedures in a consequence-free environment.
Techstart NI, the largest single investor, has pledged a further £100,000 in this second seed funding round bringing its total investment to £250,000. Dr Sandy McKinnon, Investment Director at Techstart NI comments on the market forces that make axial3D poised for success:
“axial3D’s personalized 3D printed anatomical models are already making profound impacts in both the quality and cost of surgical interventions. These physical bespoke models allow surgeons to see and interact with their patient’s anatomy, removing the guesswork involved with MRI or CT scans. The unparalleled insight the models give really does help the surgeon get it right first time and saves the healthcare provider both time and money.”
axial3D has also attracted leading entrepreneur and early adopter of 3D printing, Patrick Hurst MBE, to invest and join the Board of Directors as axial3D Chairperson. Mr Hurst, formerly the CEO and co-owner of Whale®, was pivotal in transforming the engineering sector through the use of 3D printing, leading to the firm’s acquisition by US-based Brunswick Corporation in 2014. A non-executive director and investor since early 2016, Patrick Hurst explains his reasons for helping to propel axial3D forward:
“Three things compelled me to become involved with axial3D; the caliber of the team, the pedigree of its 3D printing technology and services, and its exceptional commitment to client delivery. I firmly believe that axial3D is set to disrupt the 3D printing landscape, creating opportunities to revolutionize patient care. I’m looking forward to working with the team and seeing this service rolled out globally.”
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About axial3D
axial3D specializes in medical 3D printing to advance both standards and efficiency of surgical intervention. Creating precise 3D models generated from patient CT, MRI and PET data the technology and service aids diagnosis and enhances pre-operative planning. Bespoke 3D printed models are relied upon by prominent consultants from the NHS and private healthcare sectors across various disciplines including Orthopaedics, oncology, oral and maxillofacial, oncology, trauma and cardiac surgery. axial3D operates globally. axial3D is a privately-owned company, headquartered in Belfast, UK.
Explainer Videos
axial3D Corporate Video (75secs): http://www.axial3d.com/#company-link
axial3D Insight Video (77secs) : http://axial3d.com/online-ordering-tutorial
For more information, please visit: http://www.axial3D.com
Daniel Crawford, axial3D, http://www.axial3d.com, +44 2890183590, [email protected]
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