Stratasys has invested US$ 10 million (about Rs 82 crore) in med-tech startup Axial3D as part of that company’s US$ 15 million investment round. Axial3D’s artificial intelligence-powered algorithms enable healthcare providers to segment CT and MRI scans for personalized 3D printed anatomic models for pre-surgical planning and diagnostic use without significant investments in time, specialized skills and large upfront costs.
The two companies will also be providing a joint offering to make patient-specific 3D printing solutions for hospitals and medical device manufacturers more accessible so it becomes a mainstream healthcare solution. Axial3D CEO Roger Johnston, explained, “We believe that to move the industry from early adopters to the mainstream, we need to improve the accessibility of models for healthcare so hospitals and medical device manufacturers can scale their patient-specific programs. Our joint offerings will be the positive, disruptive catalyst that medical 3D printing needs to address 3D printing accessibility.”
(This article is excerpted by permission from Nessan Cleary’s recent Look back at November article on www.nessancleary.co.uk)