About Innovative Spinal Technologies
Innovative Spinal Technologies is a Healthcare company based in Plano (United States) founded in 2002, and was acquired by Integra LifeSciences in September 2009. Spinal disorders are addressed through minimally invasive and motion-preserving technologies. Innovative Spinal Technologies has raised $63.2 million across 3 funding rounds from investors including Integra LifeSciences, Orbimed and Turmeric Acquisition Corp. The company was acqui-hired. Its focus areas include Life Sciences, Orthopedics, Medical Devices and Therapies. Its competitors include Nevro, Vertos Medical and Paradigm Spine; 3 of its 3 listed competitors have raised funding.
Company details
Innovative Spinal Technologies is spin off by the Texas Back Institute. Its a spine technology company, that develops motion preservation and minimally invasive treatments for spinal disorders. Its products include AXIENT Dynamic Fixation system, a pedicle screw-based motion system; PARAMOUNT Lumbar Fusion System, which is engineered for lumbar fusion procedures conducted in a minimally invasive, mini-open, or open fashion; PARAMOUNT MIS Pedicle Screw System for single- and multi-level procedures; PARAMOUNT Open Pedicle Screw System, which is designed to meet the needs of minimally invasive lumbar fusion; and PARAMOUNT VBR, which is designed for a minimally invasive transforaminal approach. It was acquired by Integra LifeSciences Holdings Corporation in 2009.
- Headquarters Plano, United States
- Stage Acquired
- SectorsHealthcare
- Website istspine.com
- Acquired by Integra LifeSciences (Sep 2009)
- Total Equity Funding$63.2M (USD)
in 3 rounds
- Latest Funding Round$18M (USD), Series C
Sep 2008
- InvestorsIntegra LifeSciences
& 2 more
- Acquired byIntegra LifeSciences
(Sep 2009)
Funding Insights of Innovative Spinal Technologies
Innovative Spinal Technologies has successfully raised a total of $63.2M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $18 million completed in September 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $63.2M
- Total Rounds 3
- Last Round Series C — $18M
- First Round $6.2M
(Jun 2003)
- Investors Count 2
All 3 funding rounds of Innovative Spinal Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2008 | $18M | Series C | – | – | |
| Aug 2005 | $39M | Series B | – | – | |
| Jun 2003 | $6.2M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Innovative Spinal Technologies
Innovative Spinal Technologies has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Integra LifeSciences, Orbimed and Turmeric Acquisition Corp.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields. | 1989 | orbimed.com | New York, United States | |
Invests in biotech firms developing life-saving drugs and technologies. | mpmcapital.com | |||
Diversified medical devices are developed for healthcare applications. | 1989 | integralife.com | Plainsboro, United States |
Investor details for Innovative Spinal Technologies
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Timeline of Innovative Spinal Technologies
4 dated milestones of Innovative Spinal Technologies across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Innovative Spinal Technologies is founded.
- Funding First funding round of $6.2M.
- Funding Latest funding round, Series C, of $18.0M.
- Exit Acquired by Integra LifeSciences.
Competitors of Innovative Spinal Technologies
Innovative Spinal Technologies has 3 listed competitors in our database, 3 of them funded. They include Nevro, Vertos Medical and Paradigm Spine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nevro.com | 2006 | Menlo Park, United States | $154.1M | 1,215 | Provider of high-frequency spinal cord stimulation implants | |
| vertosmed.com | 2005 | Aliso Viejo, United States | $177.75M | 140 | Minimally invasive treatments for lumbar spinal stenosis are developed. | |
| paradigmspine.com | 2005 | New York, United States | $142.15M | 43 | Stabilization devices for healthcare are manufactured by the company. |
Detailed competitors of Innovative Spinal Technologies
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Top companies in Orthopedics
3 companies that operate in the same segment as Innovative Spinal Technologies (Orthopedics) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 |
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Frequently Asked Questions about Innovative Spinal Technologies
Innovative Spinal Technologies was founded in 2002 and raised its 1st funding round 1 year after it was founded.
Innovative Spinal Technologies is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Innovative Spinal Technologies is a funded company, having raised a total of $63.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.2M, raised on Jun 2003.
Innovative Spinal Technologies is spin off by the Texas Back Institute. Its a spine technology company, that develops motion preservation and minimally invasive treatments for spinal disorders. Its products include AXIENT Dynamic Fixation system, a pedicle screw-based motion system; PARAMOUNT Lumbar Fusion System, which is engineered for lumbar fusion procedures conducted in a minimally invasive, mini-open, or open fashion; PARAMOUNT MIS Pedicle Screw System for single- and multi-level procedures; PARAMOUNT Open Pedicle Screw System, which is designed to meet the needs of minimally invasive lumbar fusion; and PARAMOUNT VBR, which is designed for a minimally invasive transforaminal approach. It was acquired by Integra LifeSciences Holdings Corporation in 2009.
Innovative Spinal Technologies's top competitors include Nevro, Paradigm Spine and Vertos Medical.
Innovative Spinal Technologies has 3 investors. Key investors include Integra LifeSciences, Orbimed, and Turmeric Acquisition Corp.
Yes. Innovative Spinal Technologies was acquired by Integra LifeSciences in September 2009.