Ortho Kinematics, a spine imaging diagnostics company, announced Tuesday it has closed on $9.6 million in Series C funding.
The Austin-based company plans to use the money to expand sales and marketing of its flagship product, Vertebral Motion Analysis. It also plans to use the funds for limited research and development activities.
The investors in Ortho Kinematic’s latest round of financing included Medtronic, TEXO Ventures, MB Venture Partners and other new and previous investors.
As a result of the deal, Gary Stevenson, co-founder and managing partner of MB Venture Partners, has joined the OKI board of directors.
“This current round of financing is a strong vote of confidence and will give OKI the resources to support ambitious growth,” Paul Gunnoe, CEO of OKI said in a news release. “The VMA is disrupting 60+ year old methods of diagnosing spine issues, and we believe this type of innovation is long overdue. We are leading in this area and are humbled by the support we have received.”