What is axial3D?
Axial3D is an award-winning Small and Medium-sized Enterprise (SME) specializing in artificial intelligence-based software solutions for medical imaging. The company's mission is to enhance the accuracy and speed of pre-operative planning, diagnosis, and treatment for patients globally. By converting 2D medical scans into precise 3D visualizations, axial3D aims to revolutionize patient care and surgical outcomes. The company's technology is particularly valuable in complex surgical cases, offering enhanced clarity and data-rich insights for medical professionals.
How much funding has axial3D raised?
axial3D has raised a total of $36.9M across 4 funding rounds:
Angel/Seed
$660K
Unspecified
$3M
Unspecified
$15M
Other Financing Round
$18.2M
Angel/Seed (2017): $660K with participation from Techstart NI
Unspecified (2019): $3M led by Innovation Ulster, Techstart Ventures, Clarendon Fund Managers, and Imprimatur Capital Fund Management
Unspecified (2022): $15M supported by Stratasys
Other Financing Round (2024): $18.2M featuring Clarendon Homes, Techstart Ventures, and Innovation Ulster
Key Investors in axial3D
Clarendon Homes
Clarendon Homes, an Australian home builder with extensive experience, has participated in this funding round. While their primary focus is residential construction, their investment suggests a diversified portfolio strategy or a strategic interest in technology ventures.
Techstart Ventures
Techstart Ventures, a seed-stage venture capital investor focused on ambitious entrepreneurial teams in Scotland and Northern Ireland, is backing axial3D. Their involvement highlights a commitment to supporting early-stage technology companies with high growth potential.
Innovation Ulster
Innovation Ulster, a Belfast-based entity operating in the custom software and IT services industry, has provided backing to axial3D. This indicates a local strategic partnership and support for technology innovation within Northern Ireland.
What's next for axial3D?
The recent major strategic investment positions axial3D for accelerated scaling and further development of its AI-powered medical imaging platform. This infusion of capital is expected to fuel market expansion, enhance research and development efforts, and potentially broaden the company's service offerings. With a clear focus on improving patient outcomes through advanced visualization, axial3D is poised to solidify its position as a leader in the medical technology sector, leveraging this latest financing to drive innovation and global adoption of its transformative solutions.
See full axial3D company page
