• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Home
  • Subscribe
  • Your Membership
    • Edit Your Profile
  • Services
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Sponsored posts
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Shop
    • My Account
    • Cart
  • About
    • Contact
    • Privacy
    • Terms of use
  • Events

Robotics & Automation News

Market trends and business perspectives

  • News
  • Features
  • Video
  • Webinars
  • White papers
  • Press releases
  • Featured companies
    • AMD Xilinx
    • BlueBotics
    • Elite Robot
    • RGo Robotics
    • SICK Sensor Intelligence
    • Vicor Power

Monogram Orthopedics attracts 5,000 investors on way to raising $30 million

August 23, 2021 by David Edwards Leave a Comment

Monogram Orthopedics, the startup advancing the future of joint replacement surgery, has attracted 5,000 Series B investors – and almost $1 million – on crowdfunding platform StartEngine.

Aiming to personalize the $19.6 billion joint replacement market through artificial intelligence, robotics, and 3D printing, Monogram Orthopedics is targeting a $34 million raise to scale and bring their technology to market.

The company expects to kick off its unmatched personalized approach with its first Total Knee Arthroplasty implant FDA submission planned for later this year.

To date, innovation in orthopedics has lagged behind many other surgical specialties. While the rise in personalized medicine has made advances in numerous fields, progress in orthopedics remains sluggish, with standardized implants and procedures stubbornly persisting as the standard of care.

Unfortunately, this standard in TKA doesn’t always serve patients, with approximately 100,000 hip and knee replacement failures every year and 36 percent of patients regretting their TKA procedure altogether.

Monogram believes that much of this dissatisfaction and many of these failures and surgical complications can be easily mitigated and are in fact unnecessary with technology advances, such as those they are developing.

Thanks to significant improvements in robotics, innovative new manufacturing techniques like 3D printing of medical grade titanium alloys and new machine learning image processing techniques, opportunities to exploit technology and significantly improve patient quality of life are emerging.

Fifty percent of knee replacements will be performed robotically by 2027, a fivefold increase in less than six years.

Interestingly, all joint replacement procedures using robotic assistance today continue to use “off-the-shelf” implants. A more personalized approach offers the potential to surgically disrupt the orthopedics field. Monogram aims to disrupt the “one-size fits none” model by offering patients an enhanced individualized fit, well suited for each patient’s individual needs.

Dr Doug Unis, a board certified orthopaedic surgeon co-founder and chief medical officer, Monogram Orthopedics and chief of quality improvement at Mount Sinai West, says: “We started Monogram Orthopedics to build a completely different kind of orthopedics company, free of the constraints that many of the large companies face when trying to innovate.

“We are poised to do what no other company has done in the total joint arthroplasty market before – harness technology to build truly personalized implants that fully tap into the power of intelligent robotics.”

Monogram Orthopedics’ proprietary approach to TKA surgeries will address major problems in joint replacement, including mechanical loosening, minimized bone loss, dislocation, ease of revision and fracture.

Using the Monogram software platform and product solution architecture, surgeons will be able to design optimized implants that improve stability and physiological loading.

The company’s research suggests that implants can be inserted into the patient anatomy with more precision and notable improvement. In a laboratory test at the University of Nebraska Medical Center, a procedure performed benchmarking against a competitor’s technology, which is one of the most clinically and commercially successful knees on the market, showed the competitive product had up to 630 percent more micromotion than the Monogram implant place with their surgical robot.3

Backed by a seasoned team of board-certified medical leaders and top technology talent from prestigious educational and medical institutions, Monogram Orthopedics includes executives, engineers, data scientists and advisors from Yale University, California Institute of Technology, Columbia University, Mount Sinai Health System, Think Surgical, Motional and the Orthopedics Institute for Children, among others.

The company’s crowdfunding campaign is currently underway on StartEngine to allow patients and caregivers to be active participants in the advancement of precision joint replacement surgeries.

More than 1 million knee replacement surgeries are done a year in the United States alone, a figure that is expected to grow to 3.5 million by 2030.

To date, the company has raised over $20 million and is currently raising up to $34 million in its active series-B round.

The use of proceeds will serve to help commercialize technology that meets the massive need for a knee replacement technology that is well suited for active patient lifestyles, with minimized risk for additional surgeries down the line.

To invest in Monogram Orthopedics and shape the future of joint replacement surgery, visit https://www.startengine.com/monogram.

Print Friendly, PDF & Email

Share this:

  • Print
  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Tumblr
  • Pinterest
  • Skype
  • WhatsApp
  • Telegram
  • Pocket

You might also like…

Filed Under: Health, News Tagged With: active, approach, company, implants, joint, knee, market, medical, monogram, orthopedics, patient, patients, percent, personalized, replacement, robotics, surgeries, surgical, technology, tka, university, year

Join the Robotics & Automation News community

Reader Interactions

You must log in to post a comment.

Primary Sidebar

Latest articles

  • Factory Visit: Investment bankers tour client’s robot-filled machine shop
  • Hengbot unveils ‘world’s first robotic dog with musculoskeletal limbs’
  • AutomationWare prepares for future with new robotic joints
  • RoboUP launches ‘the most intelligent and precise robotic lawn mower ever created’
  • Switzerland’s IAR Group establishes new subsidiary in Germany
  • Techman unveils ‘industry’s lightest high-payload AI collaborative robot’
  • The Future of Personal Computers: What to Expect in the Next Decade
  • 5 Ideas for Getting More Clients for Your Business in 2023
  • Improving Building Entry Security with AI
  • How do you heat a car to sleep?

Most Read

  • Stiga launches ‘world’s smartest’ autonomous lawn mower
    Stiga launches ‘world’s smartest’ autonomous lawn mower
  • Top 20 electric vehicle charging station companies
    Top 20 electric vehicle charging station companies
  • Hengbot unveils ‘world’s first robotic dog with musculoskeletal limbs’
    Hengbot unveils ‘world’s first robotic dog with musculoskeletal limbs’
  • Scientists have found more water in space than they ever knew possible
    Scientists have found more water in space than they ever knew possible
  • Factory Visit: Investment bankers tour client’s robot-filled machine shop
    Factory Visit: Investment bankers tour client’s robot-filled machine shop
  • Difference Between Three-Phase and Single-Phase Power
    Difference Between Three-Phase and Single-Phase Power
  • What You Need to Know About Fixing an Engine Misfire
    What You Need to Know About Fixing an Engine Misfire
  • Why is My Car Key Stuck in the Ignition?
    Why is My Car Key Stuck in the Ignition?
  • How to Know if Your iPhone is Being Tracked? Check This!
    How to Know if Your iPhone is Being Tracked? Check This!
  • Schneider Electric invests €40 million in new smart factory in Hungary
    Schneider Electric invests €40 million in new smart factory in Hungary

Overused words

ai applications automated automation automotive autonomous business companies company control customers data design development digital electric global industrial industry logistics machine manufacturing market mobile operations platform process production robot robotic robotics robots safety software solution solutions system systems technologies technology time vehicle vehicles warehouse work

Secondary Sidebar

Latest news

  • Factory Visit: Investment bankers tour client’s robot-filled machine shop
  • Hengbot unveils ‘world’s first robotic dog with musculoskeletal limbs’
  • AutomationWare prepares for future with new robotic joints
  • RoboUP launches ‘the most intelligent and precise robotic lawn mower ever created’
  • Switzerland’s IAR Group establishes new subsidiary in Germany
  • Techman unveils ‘industry’s lightest high-payload AI collaborative robot’
  • The Future of Personal Computers: What to Expect in the Next Decade
  • 5 Ideas for Getting More Clients for Your Business in 2023
  • Improving Building Entry Security with AI
  • How do you heat a car to sleep?

Footer

We are…

Robotics and Automation News was established in May, 2015, and is now one of the most widely-read websites in its category.

Please consider supporting us by becoming a paying subscriber, or through advertising and sponsorships, or by purchasing products and services through our shop – or a combination of all of the above.

Thank you.

Independent

Archivists

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Jul   Sep »

Complex

Old-skool

This website and its associated magazine, and weekly newsletter, are all produced by a small team of experienced journalists and media professionals.

If you have any suggestions or comments, feel free to contact us at any of the email addresses on our contact page.

We’d be happy to hear from you, and will always reply as soon as possible.

Future-facing

Free, fair and legal

We support the principles of net neutrality and equal opportunities.

Member of The Internet Defense League

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT