Axial 3D, a UK-based biomedical 3D printing company, has raised £300,000 ($450,000) from a consortium including Innovation Ulster, the tech transfer company of Ulster University, according to 3Ders.
Investment firm Techstart NI and angel investor group Halo Network also contributed funds.
Founded in 2014 by Ulster alumnus Daniel Crawford, Axial 3D captures 2D CT and MRI scans of patients and creates 3D custom orthopaedic models from them. These models are then used for pre-operation planning and diagnosis.
The funding will go towards an expansion into the EU and US markets.
Crawford said: “Having developed the service only one year ago, Axial 3D has gone from strength to strength. My biomedical engineering degree and previous experience working for an Ulster University spinout specialising in medical technology has given me a great understanding of what it takes to bring a medical product from research lab to market.”
Caroline McGoran, head of investment and enterprise at Ulster University, said: “Axial 3D is already working with surgeons in the Belfast and South Eastern Trust, as well in local private hospitals, who are championing the benefits of the technology.
“The university is committed to driving innovation and developing start-ups with both practical advice and financial support. This investment will be the launching pad the company needs to drive its growth in global markets.”
