Ganymed Robotics raises 21 million euros for its revolutionary orthopedic technology

Posted Jul 7, 2022, 7:30 AM

Combining artificial intelligence and mechatronics, the orthopedic surgical assistance technology invented by Ganymed Robotics, which primarily targets the fitting of knee prostheses, is “the only one in the world” allowing practitioners to locate anatomical structures, in this case the bones, in a non-invasive way for patients. How ? Its computer vision and data fusion algorithms, which the Parisian company, based at Cochin Hospital, has validated in real conditions with surgeons from the Santy Orthopedic Center in Lyon, save them from having to screw in nails with reflective balls and to drive in metal rods.

Protected by eight families of international patents, “our robot was designed in-house for simple handling and affordable cost, as we are targeting all operating theaters in the world. Revolutionary, this arm co-manipulated by the surgeon allows him to make a precise gesture much more respectful of the patient, with fewer steps for a better result, less pain and postoperative complications”, assures Sophie Cahen, president and co-founder.

USA, Europe and Australia

To finalize the industrialization and prepare the commercialization, Ganymed Robotics announces this July 7 a fundraising (series AB) completed at 21 million euros and led by Cathay Health, followed by Crédit Mutuel Innovation, Kurma Partners and BNP Paribas Development. Four surgeons are also taking part in the round table, including the Frenchman Michel Bonnin (Orthopaedic Center Santy, in Lyon), the Belgian Jan Victor (University Hospital of Ghent) and the Australian David Parker (Sydney Orthopedic Research Institute). To finance the seed, the company had raised 2.75 million between 2018 and 2020, then 2 million in convertible bonds.

When does she hope to obtain a regulatory green light? “In 2024 for the United States and the European Union, but we are also targeting Australia, where we are already working because this country is very advanced in image-guided orthopedic surgery”, projects the president, who s relies on a solid R&D budget of 7 million in 2022. and commercial. »


Ganymed Robotics

Creation date : 2018

President: Sophie Cahen

Rising : 21 million euros

Effective : 25 people

Sector: medical robotics

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Ganymed Robotics raises 21 million euros for its revolutionary orthopedic technology

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