[Funding alert] France-based Pixee Medical Secures $15Million in Funding

Saturday 10, 2024 | By Startup Rise EU

France-based Pixee Medical secures $15million in funding. Relyens Innovation Santé, UI Investissement, Innovacom, Angelor, and Bpifrance led the round.

France-based Pixee Medical secures $15million in funding. Relyens Innovation Santé, UI Investissement, Innovacom, Angelor, and Bpifrance led the round.

With the establishment of a subsidiary in the first quarter, the company plans to use the cash to: Expand its footprint in the United States. to quickly implement its next generation of augmented reality navigational tools. to establish an office in Singapore in order to increase its footprint in Asia. to enlist fresh talent to aid in its expansion.

Read also - Copenhagen-based Pluto.markets Secures €2.4 Million in Funding

Under the direction of CEO Sébastien Henry, Pixee Medical creates augmented reality implant placement tools that let orthopedic surgeons perform accurate and effective interventions.

More than 5,000 surgeries in more than 20 countries, including the US, Australia, India, and other European nations, have used the company's initial product, proving its beneficial effects on surgical practices across the globe.

Read also - Stockholm-based MANTLE Raises over €2.8 Million in Funding

Sébastien Henry said: “We are extremely proud of the success of this capital raising. This investment is a significant step forward in our expansion in the US, which is a strategic market for our company. It will enable us to reinforce our technological leadership by developing new products for augmented surgeons, who will benefit from the latest advances in immersive technologies, connectivity, and artificial intelligence; all in the service of their patients“

About Pixee

Founded in October 2017, Pixee Medical aims to provide high-performing, cost-effective surgical solutions that leverage cutting-edge computer vision and artificial intelligence technology, all while navigating the complex landscape of the health system.

Read also - Vilnius-based Axiology Secures €2 Million in Funding

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