Hinge Health has bought Wrnch, a computer vision technology developer exploiting research from Concordia University.
Wrnch, a Canada-based developer of deep learning-powered tools partly based on Concordia University technology, was acquired by Hinge Health, a digital health company focused on musculoskeletal conditions.
Financial terms of the acquisition have not been disclosed.
Founded in 2014, Wrnch has developed computer vision technology to precisely track full-body movements in three dimensions. Hinge Health will use the technology for applications such as motion assessments of patients and exercise tracking.
Wrnch last raised funding in 2019, securing $7.5m from camera and imaging technology developer Nikon.
The company previously attracted $1.8m in a 2016 series A round backed by Aligo Innovation, the commercialisation firm that has since been restructured into Axelys, and TandemLaunch Ventures, a seed fund aligned with accelerator TandemLaunch.
Radical Ventures led the series A round, which also featured Gr0k Technologies, a commercialisation firm founded by Wrnch CEO Paul Kruszewski.
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
