Ortho Kinematics has raised $7.6 million in a new round of financing, according to an SEC filing posted this week.
The Austin, Texas-based company is offering debt, warrants and other securities to be acquired through exercising warrants or options in the round, according to the filing.
Money in the round has come from 67 unnamed investors, according to the SEC filing, and the company is seeking an additional $400,000 before it closes the round
Ortho Kinematics has not yet said how it plans to spend funds raised in the round.
Last July, Ortho Kinematics said it launched the VMA-Align diagnostic module for its Vertebral Motion Analysis system, designed to provide data to spinal surgeons for patient selection and planning for lumbar fusion surgery.
The VMA system from Ortho Kinematics uses fluoroscopy to capture images of the spine in motion, is designed to displace traditional X-ray imaging as the primary method for identifying spinal dysfunction, the company said.
VMA-Align reports will be included as part of the standard VMA diagnostic reports and require no additional workflow for existing users, Ortho Kinematics said.
