Foundry Newco XI

Foundry Newco XI was a medical device company incubated by The Foundry, LLC, a prominent medical technology incubator based in Menlo Park, California. Established as the eleventh company in The Foundry's portfolio, the entity focused on developing innovative tools and techniques for hip arthroscopy, specifically aimed at making the arthroscopic repair of the hip joint safer and more efficient. The company's technology, which included knotless suture anchors and specialized surgical instruments for labral repair, addressed significant unmet needs in sports medicine and orthopedics. Its assets and intellectual property were ultimately acquired by Pivot Medical, which was later integrated into Stryker Corporation's endoscopy division following Stryker's acquisition of Pivot in 2012. Today, the innovations developed at Foundry Newco XI continue to impact the field of minimally invasive orthopedic surgery.