Waypoint Orthopedics develops instrumentation aimed at making vertebral fixation safer and more efficient. Its flagship product, the Waypoint GPS™ (Guided Pedicle System), is a "smart" pedicle probe that uses proprietary color-sensing technology displayed wirelessly to an app-based operating system in real time to help surgeons visualize bone during pedicle traversal. The device is intended to improve pedicle cannulation, reduce radiation exposure, increase confidence in screw placement, and create a more efficient surgical environment. On Sept. 28, 2021 the company closed $1.7 million in financing led by Runway Healthcare with participation from existing investors. Runway Healthcare holds a majority ownership position in the company and its general partner Jeffrey F. O'Donnell, Sr. serves as chairman of Waypoint's board. Proceeds from the financing will be used to complete product development and pursue FDA clearance for the Waypoint GPS™.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2021