June 1, 2021
restor3d, a Duke startup, raises $13M from 101 investors, merges with Pennsylvania medtech firm
DURHAM, May 28, 2021 (WRAL TechWire) – The 3D printed implant company restor3d, based in Durham, announced a merger with Kinos Medical earlier this month, and has also now raised $13 million in equity funding from 101 investors, according to an SEC filing.
The merger with the Wayne, Pa.-based Kinos Medical, was completed so the company could accelerate expansion into the ankle and foot market in the United States, which it noted is a high-growth area.
“My belief is that surgical reconstructions of the future will be performed with implants that are tuned to the anatomy, biomechanics, and tissue biology of individual patients and explicitly designed and improved based on data sets of pre- and post- operative clinical data,” said Ken Gall, Ph.D., a co-founder of restor3d and a professor at Duke University. “The combination of these two thriving businesses is an exciting step towards this future.”
The company’s technology enables surgeons to reconstruct and repair portions of the human body using 3D printed implants that the company describes as patient-specific. The technology, according to the restor3d website, unites 3D printing, biomaterials, biomechanics, and artificial intelligence.
Kinos develops and incorporates “new technologies into our implant & instrument systems. Together we are bringing Ankle Replacement into the 21st century.”