Home Industry Axial3D secures 18.2 million dollars for expansion of AI-based 3D printing solutions...

Axial3D secures 18.2 million dollars for expansion of AI-based 3D printing solutions in healthcare

Northern Irish company Axial3D, known for AI-powered 3D medical imaging algorithms and patient-specific solutions, has closed a new funding round of 18.2 million US dollars. These funds will be used to expand the technology platform and develop patient-specific applications in surgery.

Investors include previous backers such as Techstart and Innovation Ulster Limited as well as new strategic partners such as 57 Stars, Whiterock and Innovate UK. With an investment of 10 million US dollars, 57 Stars becomes the largest shareholder in the company.

“We are delighted to have completed this investment round, which will enable us to accelerate our mission of making patient-specific surgery routine globally,” shared Roger Johnston, CEO of Axial3D. Reflecting on the transformative potential of the new investment, he added, “Our market-fundamental patented technology platform empowers medical device companies, medical imaging companies, and hospitals to standardize the use of incredibly precise, patient specific 3D data that transforms their offerings for patients. Our AI technology has the power to impact millions of patients globally across patient specific applications in robotics, planning and patient specific device workflows.”

“Axial3D’s pioneering technology that creates patient-specific 3D imaging has already shown incredible potential in the Medtech space,” said Bernie McGuire, Managing Director and IC Member of 57 Stars. “We are excited to support their ongoing technology application expansion and look forward to seeing the impact their innovations will make in advancing personalized healthcare. This is the latest deal out of our long-standing Northern Ireland investment program, which has now committed over USD 50 million, and a prime example of our investment thesis of finding compelling opportunities at the intersection of healthcare and technology.”

The investment will enable Axial3D to further develop its platform and expand access to precise, customized surgical solutions. The company plans to deploy its technologies even more broadly to support the advancement of personalized healthcare.

Neil McCabe, Director of Whiterock, said: “Axial3D’s technology addresses a critical need in healthcare—enabling scalability in personalized care. We’re proud to join this journey, supporting a company that is paving the way for more accessible and precise surgical solutions worldwide.”


Subscribe to our Newsletter

3DPresso is a weekly newsletter that links to the most exciting global stories from the 3D printing and additive manufacturing industry.

Privacy Policy*
 

You can find the privacy policy for the newsletter here. You can unsubscribe from the newsletter at any time. For further questions, you can contact us here.