Aalto-born Surgify raises a €1.0M seed investment round

The Surgify Safety burr prevents the nerve and blood vessel injuries that are typically caused by other surgical drills.

A surgeon using the Surgify Safety Burr in a simulated surgery. Photo: Surgify

The technology can be easily used with existing surgical drills, and its usage does not require any additional training for the surgeon or the staff. The patent pending safety mechanism prevents the drill from damaging vital tissues, such as nerves or blood vessels. Besides neurosurgical applications, the innovation can be used in the future also in spine surgery and in the fields of orthopedics and dentistry.

“The technology has raised great interest amongst hospitals and surgeons globally. For example, we recently visited Harvard University’s teaching hospitals in Boston, and the reception was enthusiastic”, tells Visa Sippola, the CEO of Surgify.

The technology has been initially developed in cooperation between Aalto University and Department of Neurosurgery at Helsinki University Hospital. The company aims to bring the Safety Burr technology to the market in 2019. The company thereafter plans to initiate sales in the Nordic Countries, after which it will expand the business to global markets. In addition to the easy adoption process of the technology, the considerable reductions in costs and surgical complications are expected to positively affect the demand for the solution.

“Our core mission is to make bone surgery safer, as we believe that our technology has the potential to save lives in the future. The fact that we also bring clear cost savings to surgery will be of help in carrying out that mission – for example the complications caused by the current surgical drills cost over 4 billion euros each year globally”, Sippola explains.

The investors joining the startup’s second round of financing include a Finnish venture capital firm Butterfly Ventures, as well as Cascara Ventures from Belgium, Merkatura AB (Andreas Bunge) from Sweden and FRIIH GmBH (Dr. Michael Friebe) from Germany. The funding will be used to finalize the neurosurgical burr and to apply for a sales approval in Europe.

Read also: Safer bone surgery thanks to a technique patented at Aalto

Contact:

Visa Sippola
CEO, Surgify Medical
+358 50 353 1232
[email protected]

 

  • Published:
  • Updated:
Share
URL copied!

Related news

Professori Mika Järvinen
Research & Art Published:

Mika Järvinen turns slag and carbon dioxide into profitable business

Professor of Energy Technology believes that science should come up with solutions to major environmental problems
Infografiikka tietotekniikan sijoituksesta 56:nneksi maailmassa.
Research & Art, University Published:

Computer Science jumped to 56th in the Times Higher Education Ranking

Engineering and technology placed 101-125 in the world.
The picture shows Professor Ray Ball giving a keynote speech at the seminar organized at the School of Business.
Cooperation, Research & Art Published:

Everyone benefits from corporate financial reporting

Artificial intelligence, balancing between global and local issues, and increased stress upon social and environmental issues bring challenges for future accountants.
Photo: Mikko Raskinen.
Research & Art Published:

Helsinki becomes the Quantum epicentre

Quantum experts gather this week in Helsinki, to review the progress of European Quantum Technologies and future potential initiatives and programs