Orthopedic startup gets $2M for hip replacement sensors

biomet_hip_implantIn order for arthroplasty surgery to restore proper joint function, surgeons must carefully align orthopedic implants. A Massachusetts startup is developing a simple sensor system that’s meant to improve the precision and efficacy of these arthroplasty surgeries.

ArthroMeda just raised $1.9 million, according to a regulatory filing, from four investors. This is its third fundraise – having brought in $1.6 million in 2014 and $695,000 in 2013.

Arthromeda uses micro-sensors to wirelessly connect to a software system that’ll help surgeons navigate the implantation process onscreen. Its digital templating software, called ArthroPlan, is meant to be a cost-effective tool that’s meant to be compatible with standard work stations, PCs and laptops.

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About Peter Coffaro 1136 Articles

A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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