Circinus Medical Technology is a medical device company that has developed the Bolt Navigation System, an innovative spine navigation solution. The Bolt Navigation System utilizes an iOS device, leveraging its high-powered processor, familiar user interface, and highly sensitive gyroscope-on-chip technology to support efficient and effective placement of posterior spine fixation with sub-1 mm accuracy.
The system's key differentiation lies in its near-zero footprint, instrument-agnostic design, ability to utilize standard imaging, and subscription-based business model. These features make the Bolt Navigation System well-suited for the evolving global surgical market, offering an accurate, easy-to-use, and economical solution.
In December 2021, Circinus Medical Technology secured Series A funding led by Grand Oaks Capital, the family office of Paychex founder Tom Golisano. This funding supported the commercialization of the Bolt Navigation System in the US, Europe, and select emerging markets, as well as the expansion of the company's portfolio of applications and the development of additional disruptive solutions based on cutting-edge technologies.
In December 2022, the Bolt Navigation System received FDA 510(k) clearance, allowing Circinus Medical Technology to market the device in the US. This clearance marked a significant milestone for the company, acknowledging its vision of making powerful surgical technology more broadly available.
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