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Intellijoint Surgical

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Intellijoint makes navigation systems for joint replacement surgery

Waterloo, CanadaFounded 2010Health Tech & Medtech
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Intellijoint Surgical

Intellijoint Surgical, Inc. operates within the medical technology sector, specializing in the development and commercialization of smart navigation solutions for joint replacement surgeries. The company was co-founded in 2010 by Armen Bakirtzian and Andre Hladio, who conceived the idea during their final year of mechatronics engineering studies at the University of Waterloo. Their collaboration with Dr. Allan Keast, a local orthopedic surgeon, was pivotal in identifying a clinical need for more precise and less invasive surgical guidance tools. This partnership between engineering and medicine shaped the company's foundational approach.

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The firm's business model centers on selling its proprietary medical devices and software to hospitals and surgical centers. Its target clients are orthopedic surgeons and their care teams who perform total hip and knee arthroplasties. Intellijoint Surgical generates revenue through the sale of its product suite, which is designed to enhance surgical accuracy and patient outcomes. The company operates in the competitive orthopedic device market, differentiating itself with accessible and cost-effective navigation technology.

The core product offering includes Intellijoint HIP, a system that provides surgeons with real-time, intraoperative measurements for cup position, leg length, and offset, aiding in the precise execution of total hip replacements. This system is complemented by Intellijoint VIEW, a cloud-based 2D pre-operative planning software, and Intellijoint KNEE, which provides guidance for implant alignment in knee replacement procedures. A key feature of their technology is its miniature camera and tracker system, which offers precise measurements without the need for larger, more complex, and often more expensive traditional navigation systems. The company has achieved significant milestones, including receiving FDA clearance and Health Canada licenses for its products and securing multiple rounds of funding to support commercialization and further development.

Source: Dealroom company data

At a glance

Founded
2010
Headquarters
Waterloo, Canada
Sector
Health Tech & Medtech

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Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Government of Ontario

Series A4 investors entered at this stage

  • Natacor
  • FedDev Ontario
  • Golden Triangle Angelnet
  • MaRS Investment Accelerator Fund

Series B and later1 investor entered at this stage

  • NorthSpring Capital Partners
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇦 Canada64.1%
🇺🇸 United States35.9%
2 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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