7D Surgical Completes Significant Round of Financing

Investment to fund commercialization and development of the game changing Machine-vision Image Guided Surgery (MvIGS) technology

News provided by

7D Surgical

Feb 06, 2018, 08:35 ET

TORONTO, Feb. 6, 2018 /PRNewswire/ -- 7D Surgical is pleased to announce the completion of the largest round of financing secured by the company to date, providing the funding necessary to support the commercial launch of its FDA 510(k) approved Machine-vision Image Guided Surgery (MvIGS) system along with the development of an exciting pipeline of innovative and groundbreaking features for both spine and cranial surgical navigation.

7D Surgical Completes Significant Round of Financing

"The latest investment into 7D Surgical will allow our team to aggressively scale our commercial footprint to meet the demand for our MvIGS technologies," said Beau Standish, Chief Executive Officer at 7D Surgical. "We believe the hospital market will continue to adopt innovations that will lower costs while improving efficiency and safety. The 7D Surgical system is perfectly positioned to fulfill each of these objectives."

7D Surgical has integrated principles common in self-driving vehicles and facial recognition to create the first and only MvIGS platform. 7D Surgical's Flash™ Registration and Flash™ Fix technology allows spine surgeons to perform spinal registration in just seconds, saving valuable operative time. Clinicians can also update the patient registration with a simple foot pedal click at any time. The system uses only visible light, eliminating the patient and staff exposure to intraoperative radiation which is common with older technologies.

"We have been thrilled by the response from clinicians who have implemented the MvIGS technology," said Brian Stuart, Vice-President of Sales and Marketing at 7D Surgical. "The immediate and positive impact on surgical workflows, radiation reduction and sterile control of the technology has strongly resonated with surgeons and operating room staff. These advantages, along with the significant cost savings over current options, makes MvIGS a win for everyone, including hospital administration."

Demonstrations of the 7D Surgical System are available through a state-of-the-art audio-visual experience. Schedule a time to see our Flash™ Registration and Flash™ Fix technologies at [email protected]. The company will also be presenting live demonstrations at the upcoming Texas Association of Neurological Surgeons Meeting in Houston from Feb 9-10, 2018 and at the Spine Summit Meeting in Orlando from March 15-16, 2018.

About 7D Surgical

7D Surgical is a privately-owned Toronto based company that develops advanced optical technologies and machine vision-based registration algorithms to improve surgical workflow and patient care. 7D Surgical's flagship FDA 510(k)-cleared and Health Canada-approved MvIGS system delivers profound improvement to surgical workflows in spine surgery, providing the promise of similar future advancements in other surgical specialties. www.7Dsurgical.com

Flash™ Registration: https://7dsurgical.com/7d-surgical-system/spine-navigation/

Flash™ Fix: http://7dsurgical.com/7d-surgical-system/flash-technology/

Contact:
Beau Standish, CEO
7D Surgical
+1 647 484-0078
www.7Dsurgical.com
[email protected]

SOURCE 7D Surgical