ALM Ortho closed a seed round with investment from Paul DeJuliis, a private equity investor. Funds will support submission for FDA 510(k) clearance of their flagship Lateral Intervertebral Fusion Cage and SI Joint Fusion Device for both standard and patient-specific indications.
Partnering with supplier Amplify Additive, ALM Ortho seeks to combine current additive manufacturing technology with artificial intelligence (AI) to create new advanced orthopedic implant products.
ALM Ortho believes that within the next five to 10 years, orthopedic implants coupled with preoperative surgical planning and design that leverages AI will become a minimum expectation from consumers.
The company will develop implants for the spine, total joints, oncology, CMF and extremities.