Carlsmed Announces FDA Clearance for aprevo® Cervical Breakthrough Fusion Device

CARLSBAD, Calif.--(BUSINESS WIRE)--Carlsmed, Inc. (“Carlsmed” or the “Company”) a MedTech company pioneering AI-enabled personalized spine surgery, today announced FDA 510(k) clearance for the aprevo® Cervical ACDF Interbody System. This milestone underscores Carlsmed’s commitment to advancing patient-specific spine surgery solutions that enhance outcomes and surgical precision.

The FDA previously granted Breakthrough Device designation for Carlsmed’s aprevo® technology for the treatment of patients with cervical spine disease, recognizing aprevo’s potential to address unmet clinical needs and deliver superior patient care. The Company’s current portfolio of aprevo® interbody fusion devices for the treatment of lumbar spine disease is commercially available in the U.S.

“This 510(k) clearance is a major step forward in our mission to make personalized spine surgery the standard of care,” said Mike Cordonnier, Chairman and CEO of Carlsmed. “More than 350,000 cervical fusion surgeries are performed annually in the U.S. The aprevo® Cervical ACDF Interbody System will set a new benchmark for improving outcomes for these patients.”

Designed to match the unique anatomical and procedural needs of each patient, personalized interbody devices have demonstrated significant improvements in patient outcomes compared to traditional fusion methods, as highlighted in recent clinical publications. The aprevo® devices are designed using Carlsmed’s proprietary technology platform that leverages AI-driven surgical planning software and digital production to create the personalized spine fusion devices that can be delivered in under two weeks.

“Personalized interbody devices like aprevo® provide surgeons with tools designed to address each patient’s unique anatomy,” said Joseph Osorio, MD, PhD, and neurosurgeon at UC San Diego. “Having this technology available for cervical fusions marks a significant advancement in spinal surgery, with the potential to transform procedures by replacing the limitations of one-size-fits-all implants with level-specific customization, offering enhanced surface coverage and precise alignment, both of which are critical for improving patient outcomes.”

Carlsmed plans to commercially launch the aprevo® Cervical ACDF Interbody System in the U.S. in 2025, expanding its innovative product portfolio to further solidify its leadership in the personalized spine surgery market.

About Carlsmed

Carlsmed is a high-growth medical technology leader and pioneer in the personalized spine surgery market. Carlsmed’s mission is to revolutionize the standard of care in spine surgery by providing cutting-edge solutions tailored to the unique needs of each patient. The Company’s innovative aprevo® Technology Platform combines proprietary AI-driven software with patient-specific fusion devices to personalize surgical procedures, improve patient outcomes, and reduce complications. For more information, visit carlsmed.com or contact info@carlsmed.com.

Contacts

For media and investor inquiries, please contact Jodi Allen at jodi@carlsmed.com.

XILO, raised $7.2m in its latest Series A funding round.

San Diego-based XILO, an InsurTech company providing quoting software for independent insurance agencies, has raised $7.2m in its latest Series A funding round.

The investment round was backed by Altos Ventures, Cove Fund, Navigate Ventures LLC, New Stack Ventures, and Splash Capital. This latest financing brings XILO’s total funding to $13.2m, according to InsurTech Insights.

Founded in 2017, XILO specialises in digital intake forms that integrate seamlessly with Agency Management Systems (AMS) and raters. Its platform automates data entry, enabling insurance agencies to enhance efficiency and boost conversion rates.

With the fresh capital, XILO plans to further develop its technology, expand its market reach, and continue refining workflows for independent insurance agencies.

The company aims to streamline the quoting process and enhance its digital solutions to better serve the industry.

Occuspace Raises $6 Million for Next-Generation Space Utilization Technology

Series A Investment Accelerates Service to Massive Real Estate Sector, Brings Total Funding to $14 Million

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Occuspace, the leading occupancy intelligence platform for the built environment, has secured a $6 million Series A investment led by Lewis & Clark Ventures with continued support from Shadow Ventures, Okapi Ventures, Cove Fund, and Hamilton Ventures. The investment accelerates Occuspace’s growing service to higher education, corporate and government facilities, with YoY growth of more than 100% since 2021. This latest funding brings the total investment in Occuspace to $14 million.

"Raising Series A financing will accelerate our growth across one of the largest asset classes in the world."

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“Simple and elegant in design and function, Occuspace is the only space utilization technology that is truly scalable for the massive real estate sector,” said Nic Halverson, Co-founder and CEO at Occuspace. “I’m so proud of the work our team has done to get us here. Raising Series A financing will accelerate our growth across one of the largest asset classes in the world. Our vision is to make space utilization data the source of truth for understanding and managing the built environment.”

“Occuspace is transforming the way real estate decision makers access and utilize key data about how physical space is being used,” said Michael Rockhold, Principal at Lewis & Clark Ventures. “Their growth is a testament to increasing demand for information as organizations globally strive to make the most efficient use of their real estate footprints. We're thrilled to partner with Occuspace as they scale and disrupt the market.”

“Occuspace has developed the most accurate and frictionless occupancy sensing technology available, solving a critical challenge for real estate stakeholders. Their ability to deliver real-time, high-fidelity data without costly installations—while maintaining a privacy-first approach—truly sets them apart in the market,” said Matt Ohlman, General Partner at Shadow Ventures. “We’re excited to continue our support of Occuspace as they define the future of space utilization, providing the insights businesses, universities, and governments need to navigate one of the most profound shifts in real estate dynamics in modern history.”

Occuspace’s technology gives real estate decision-makers a powerful tool to understand how space is used. Designed to be simple and affordable, Occuspace’s WiFi and Bluetooth sensors are plugged into wall outlets, preventing the need for costly installation. Using proprietary software, facility managers start getting accurate, actionable data on space usage within minutes, leading to insights that can save thousands, if not millions of dollars. Occuspace also provides the only workplace measurement technology that guarantees occupant privacy.

Real estate is the largest and oldest asset class in the world, and one too often, that is being managed without data. The inefficiency is enormous, with an estimated 1 Billion square feet of wasted space in the U.S. alone. By providing data on how property is used, Occuspace helps clients create smarter buildings that increase efficiency, reduce environmental footprints and improve user experience.

“Understanding space at scale is the future of the built environment. We’re proud to have designed a 100% anonymous technology that instantly deploys across a single office or an entire portfolio—delivering real-time, AI-driven intelligence without costly infrastructure changes,” said Linus Grasel, Co-Founder and Chief Information Officer at Occuspace.

Based on growing demand, Occuspace is expanding its service to colleges and universities, corporate real estate and government agencies. Among the largest holders of real estate in the world, these sectors represent an enormous market and significant opportunity for Occuspace’s continued growth:

• The U.S. has 16.4 billion square feet of commercial office space in approximately 944,000 commercial office buildings.

• Data from the National Center for Education Statistics and the Better Buildings Initiative shows more than 5,900 colleges and universities, with 5 billion square feet of total building space.

“In public and private sectors, facility managers are managing buildings without really knowing much about how they are being used. It’s a challenge of enormous scale, and one that we can solve with smart data and analytics,” said Nick Rau, Chief Technology Officer at Occuspace.

Since launching from a university technology competition in 2017, Occuspace has grown into the number one occupancy intelligence platform for the built environment. The company now works with dozens of Fortune 500 companies and more than 100 colleges and universities.

About Occuspace

Occuspace is the leading occupancy intelligence platform for the built environment. Designed to help organizations optimize space utilization, this AI-empowered technology improves efficiency, drives decision-making, and enhances the workplace experience. With a strong focus on innovation and customer success, Occuspace serves a diverse range of real estate sectors, including higher education, commercial real estate, and government in North America and Europe. For more information, please visit: https://web.occuspace.io/

Contacts

For more information:
Loren Brown
Chief Marketing Officer
loren.brown@occuspace.io

Daasity, secured $15 million in Series A funding

Daasity, an e-commerce analytics and data company, secured $15 million in Series A funding as it continues developing its approach to helping consumer brands better leverage their customer data to make smarter decisions.

VMG Catalyst led the oversubscribed round and was joined by existing investors Cove Fund, Exeter Capital, 1855 Capital, Mooring Ventures, Okapi Venture Capital and Serra Ventures. This gives the company $20.7 million in total funding to date, CEO Dan LeBlanc told TechCrunch via email.

The company’s technology enables brands to pull in all of their data from different places, like Shopify, Amazon, Facebook and Klaviyo, analyze it and push it to marketing channels to optimize customer experiences based on insights from a historical performance.

“There have never been more consumer product brands, and competition among them is at an all-time high,” LeBlanc said. “Brands win by having access to the right data, which leads to faster and more confident decision-making. Data demands have never been higher, and we are investing in the data infrastructure to get brands the access to the data they need.”

Daasity is working with more than 1,600 brands, including Manscaped, Vuori and Caraway Home, and in the past year grew its annual recurring revenue by 300%, while also growing its headcount by 100%.

The new funding will enable further employee growth, with LeBlanc expecting to grow another 160% by the end of 2022. The company is also investing in technology development for better data accessibility, data sources and educational resources for better insight into results. It will also be working on more personalized customer data.

Next up, the company will be heads down in making brands’ data infrastructure modular by allowing the ability to configure components of their data infrastructure — as easily as they select food from a menu, LeBlanc said. It is also adding 35 integrations, like data sources, warehousing options, transformation capabilities and visualization tools.

Brooke Kiley, partner at VMG Catalyst, said in a written statement that the firm was “thrilled to continue our partnership with Dan and the Daasity team as they enter their next phase of growth. We consistently see how difficult it is for brands to act on their data, yet there is a greater need than ever. It is vital to utilize data to succeed in today’s competitive e-commerce environment. Daasity makes data accessible to all brands, empowering them with actionable insights and the ability to enrich their marketing channels with essential customer data.”