Stratasys invests US$ 10 million in med­tech startup Axial3D

Axial3D’s artificial intelligence-powered algorithms enable healthcare providers to segment CT and MRI scans

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Axial3D
This image shows a anatomic model of a large tumour of the right nasal cavity, using scan data from Axial3D’s software and then 3D printed by Stratasys. Photo Nessan Cleary

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)

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