According to VCBeat, Beijing Changmugu Medical Technology Co., Ltd. ("Changmugu Medical"), a provider of AI-powered solutions in orthopedics, recently announced the completion of its Series A financing of tens of millions yuan. The latest round was led by Beijing-based Zhongguancun Development Qihang Innovation Investment Fund, with participation from Legend Star, Yitai Fund, and Wanhui Capital.

Zhang Yiling, CEO of Changmugu Medical, said, "proceeds of this round will be used for the R&D of new AI-based surgical navigation systems in orthopedics, the approval of the clinical trial application and the launching of products, to develop AI-powered solutions with surgical precision through the whole process."

Founded in 2017, Changmugu Medical focuses on orthopedic artificial intelligence, providing a series of artificial intelligence solutions for the whole process of orthopedic surgery, including preoperative evaluation, surgical planning, 3D printing, and customized surgical navigation guiding. In November 2019, Changmugu got tens of millions of yuan in seed round financing, led by Frees Fund. Then the company completed the Pre-A financing led by Legend Star.

Changmugu Medical has independently developed "AI Joint", an AI-based solution used in surgery, consisting of the "AI HIP" system and "AI KNEE" system, which can provide doctors with full preoperative, intraoperative and postoperative process of Joint replacement surgery, with high precision and safety in orthopedic surgery.

Founded in 2019, Beijing-based Zhongguancun Development Qihang Innovation Investment Fund, and is under the management of Beijing Qihang Investment Management Co., Ltd., with a registered capital of 503 million yuan.

Legend Star helps entrepreneurs create great businesses through investments, CEO training sessions, and an entrepreneurs alliance. Since 2008, Legend Star has incubated and invested in nearly 600 companies and is deeply integrated into the Chinese entrepreneurial ecosystem.

Legend Star is the independent early-stage investment arm of Legend Holdings. Legend Holdings is the parent company of Lenovo, Raycom Real Estate, Joyvio Agribusiness and a large range of fast-growing Chinese companies.