Former NuVasive (NSDQ:NUVA) CEO Alex Lukianov got in on an unspecified funding round for Fusion Robotics, which is developing a robot-assisted device for spine procedures.
Boulder, Colo.-based Fusion Robotics’ device is an integration of the localization technologies of Austrian firm Interventional Systems and the navigation technology developed by Practical Navigation, also based in Boulder.
Lukianov, who will serve as chairman of Fusion Robotics, was joined by D. Kevin Foley in the funding round. Foley is listed as chief medical officer on the Fusion Robotics website.
“The Fusion Robotics platform has a small footprint and is simple, cost-effective and scalable” which differentiates the system from other spinal robots currently on the market and in the immediate-term product pipeline,” CEO Brad Clayton said in prepared remarks.
“Fusion Robotics will create opportunities for wide-scale adoption of robotics in spine surgery – both in hospitals and ambulatory surgery centers – by addressing constraints related to practicality and cost. We see tremendous potential and are excited to bring this technology to the global spine market,” added Lukianov.