Beijing Changmugu Medical Technology, or Changmugu, an orthopedic artificial intelligence high-tech company, recently announced the completion of its Series A+ round of financing worth tens of millions of yuan, which was exclusively invested by Lenovo Ventures. WinX Capital acts as the financial advisor of the financing.
Changmugu, being a national high-tech enterprise focusing on orthopedic artificial intelligence and surgical navigation solutions, provides artificial intelligence-assisted diagnosis, individualized surgical planning, 3D printed surgical guides, surgical navigation, postoperative evaluation and other whole-process solutions for orthopedics in hospitals.
In 2017, Changmugu was established in the Longwood Medical Area where Harvard Medical School is located and the Silicon Valley where Stanford University is located.
In September 2018, the team of Changmugu returned to China from the US. In mere two years, the company has closed four rounds of financing and employed talents from Harvard University, Stanford University, Tsinghua University, Peking University, Nankai University and other famous universities to build up a research and development team.
Zhang Yiling, CEO of Changmugu, said that this round of financing would be used for the research and development of new orthopedic artificial intelligence and surgical navigation systems as well as other core technologies.