Lazurite

What Lazurite does

Lazurite Holdings LLC is a Cleveland, Ohio-based medical device company founded in 2015 (originally as Indago, rebranded in June 2021) that develops the ArthroFree wireless surgical camera system for minimally invasive surgery. The company's flagship product is the first FDA 510(k)-cleared wireless surgical camera for arthroscopy and general endoscopy, marketed in two generations — the original ArthroFree and the newer ArthroFree 2 — supported by the proprietary Meridiem Light Engine (a low-heat illumination technology), Meridiem Image Enhancer, encrypted ultra-wideband (UWB) wireless transmission, and a sterilizable battery rated for 60 minutes of use over 300 charge cycles. The technology eliminates camera and light-source cables from the sterile field, addressing cord-management hazards, OR turnover time, and surgeon mobility, while the low-heat light source mitigates the light-source burn risks flagged by the Joint Commission.

Lazurite sells primarily to orthopedic surgeons (arthroscopy, sports medicine) and otolaryngologists (ENT, office-based endoscopy, in-office carpal tunnel release), with secondary influence from OR managers evaluating capital equipment and workflow efficiency. Distribution is hybrid: direct enterprise field sales to hospitals and ambulatory surgical centers are supplemented by channel partners — most notably US ENT Partners (the largest ENT-specific alternate-site GPO in the US, signed November 2025) and CHAMPS GPO — and by integration guides enabling plug-in compatibility with Arthrex, Smith & Nephew, and Stryker 4K surgical visualization towers. Revenue is generated through hardware sales of the camera system and accessories (receiver, batteries, charger, Sterlink Mini plasma sterilizer); pricing is not publicly disclosed and is quote-based.

The company has raised approximately $15.7M+ in disclosed funding since founding, including a $10M convertible note in June 2021, an earlier StartUp Health round, and strategic investment from University Hospitals Ventures. Lazurite holds patents across more than ten jurisdictions covering the wireless camera and Meridiem light technology, with 27 additional applications pending as of January 2023. Leadership transitioned in late 2024 with the appointment of Dr. Mark Froimson (former Cleveland Clinic and Trinity Health executive) as CEO and Board Chair, founder Eugene Malinskiy moving to Chief Product & Technology Officer, and Mario Franco joining as Chief Financial and Development Officer in December 2025 to lead commercial scaling.

Name

Lazurite

Legal name

Lazurite Holdings LLC

Website

https://lazurite.co

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Lazurite is a Cleveland-based medical device company that makes the ArthroFree wireless surgical camera system — the first FDA-cleared wireless camera for arthroscopy and endoscopy — serving orthopedic surgeons, ENT specialists, and operating rooms in the United States.

Ownership category

akta.pro rank

Product category

Surgical Imaging Systems

NAICS

Surgical and Medical Instrument Manufacturing (339112), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Endoscopy Systems & Accessories (Scopes, Cameras, Light Sources, Insufflation) (HLAHADAB)

akta.pro secondary industry

Intraoperative Imaging & Guidance (C-arms, O-arm, IOUS, fluorescence) (HLAHADAH)

Keywords

• Wireless surgical cameras
• Arthroscopic imaging systems
• Endoscopic visualization equipment
• Minimally invasive surgery devices
• Surgical light engine technology

Headquarters

HQ city

Cleveland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Medical Device Hardware Sales: Sale of wireless surgical camera systems including ArthroFree and ArthroFree 2, along with accessories and consumables. The company sells directly to healthcare facilities and through distributor partnerships.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Lazurite designs, manufactures, and sells the ArthroFree wireless surgical camera system for arthroscopy and endoscopy, including the next-generation ArthroFree 2 with 1080p HD imaging, the proprietary Meridiem low-heat light engine, and encrypted ultra-wideband wireless transmission. The company's products eliminate camera cables from the sterile field to improve operating room efficiency, surgeon mobility, and patient safety, and are complemented by the Sterlink Mini tabletop plasma sterilizer for in-clinic sterilization. The ArthroFree system is the first FDA 510(k)-cleared wireless surgical camera for minimally invasive surgery.

Product overview

Lazurite offers a unified product portfolio centered on the ArthroFree wireless surgical camera system for minimally invasive surgery. The core offering consists of the ArthroFree 2 System (latest generation) and the original ArthroFree System, both featuring proprietary Meridiem Light Engine and Meridiem Image Enhancer technologies. Supporting accessories include the wireless receiver, sterilizable battery and charger, and Sterlink Mini plasma sterilizer for clinical settings. The company specializes in wireless camera technology that eliminates traditional cables from the sterile field to improve operating room efficiency, surgeon mobility, and patient safety.

Differentiator

Problem solved

Functional benefit

Brands

• ArthroFree: Wireless surgical camera system for arthroscopy and endoscopy; the first FDA-cleared wireless camera for minimally invasive surgery.
• ArthroFree 2
• Meridiem
• Sterlink Mini

Products and services

• ArthroFree Wireless Camera System The first FDA 510(k)-cleared wireless surgical camera for arthroscopy and endoscopy. Removes camera cables from the sterile field to improve dexterity, safety, and OR workflow efficiency, and is used by orthopedic surgeons, sports medicine physicians, and ENT/otolaryngology specialists in both operating rooms and office-based endoscopy clinics.
• ArthroFree 2 System Flagship next-generation wireless surgical camera system featuring a 1080p HD camera head with the reimagined Meridiem Light Engine delivering 3x more light, optimized image processing firmware, an improved white balance algorithm, encrypted ultra-wideband wireless transmission to a receiver, and a sterilizable battery delivering 60 minutes of power after 300 charge cycles. Targeted at hospitals, ASCs, and specialty clinics performing minimally invasive surgery.
• Sterlink Mini Eco-friendly tabletop plasma sterilizer sized for endoscopy clinics. Sterilizes the ArthroFree camera, scope, and batteries for the next case in 18 minutes via the STERLOAD Mini cycle. Dimensions: 10.8 x 17.3 x 13.0 in total (chamber 8.1 x 14.0 x 4.5 in), 1.8 gal chamber volume, 44.1 lbs weight.

Quantifiable outcome

• 82 surgeons evaluated ArthroFree in human factors usability study demonstrating adoption feasibility
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• US ENT PartnerscoreChannel Partner/ Reseller/ Distributor · 24 November 2025Lazurite partnered with US ENT Partners, the largest ENT-specific alternate site Group Purchasing Organization in the US. The partnership expands availability of the ArthroFree Wireless Endoscopic Camera System to ENT practices nationwide through the GPO network.
• University HospitalscoreStrategic or Co-development PartnerClinical collaboration partner; Dr. James Voos serves as chair of orthopedics at University Hospitals and is a key medical advisor. University Hospitals is a collaborator on product development and clinical testing.
• Hospital for Special Surgery (HSS)minorStrategic or Co-development PartnerCollaborator in product development and clinical partnerships for orthopedic surgical technology.
• CHAMPS GPOminorChannel Partner/ Reseller/ DistributorGroup Purchasing Organization partnership providing access to member healthcare facilities for product distribution.
• MCRA (Musculoskeletal Clinical Regulatory Advisory)minorImplementation/ SI/ Consulting PartnerRegulatory and consulting partner for medical device regulatory strategy and FDA submission support.
• The Center for Health AffairsminorChannel Partner/ Reseller/ DistributorHealthcare advocacy and business partner with logo displayed in partners section.
• DelveminorStrategic or Co-development PartnerInnovation partner with logo displayed in partners section.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Arthrex: Arthrex is the dominant orthopedic surgical equipment manufacturer and the leader in arthroscopic visualization. Lazurite explicitly publishes integration guides for Arthrex 4K towers, making Arthrex its largest complementary partner and most direct incumbent competitor.
• Stryker: Stryker's endoscopy and surgical visualization division makes wired arthroscopic cameras and towers integrated into most US hospitals. Lazurite publishes integration guides for Stryker 4K systems, positioning Stryker as both a compatibility partner and the most established incumbent Lazurite must displace.
• Smith & Nephew: Smith & Nephew offers wired arthroscopic camera systems and surgical towers in orthopedics. Lazurite has published integration guides for Smith & Nephew 4K systems, making it a direct comparable in surgical visualization for arthroscopy.
• Conmed: Conmed manufactures surgical visualization systems and arthroscopic equipment for orthopedic and ENT surgery. Comparable to Lazurite in targeting arthroscopy and endoscopy workflows with hardware-based camera systems.
• Karl Storz: Karl Storz is a global leader in rigid endoscopy and surgical visualization. Directly comparable in targeting the endoscopy clinic and OR camera market with high-end visualization systems.
• Olympus: Olympus is the dominant player in flexible and rigid endoscopy, including ENT, GI, and laparoscopic visualization. Lazurite's wireless camera competes in overlapping endoscopy/ENT procedure settings.
• Richard Wolf: Richard Wolf is a German endoscopy and surgical visualization manufacturer serving ENT, urology, and laparoscopy. Directly comparable as an endoscopy camera/hardware vendor with overlapping clinical use cases.

Emerging players

• Moon Surgical: Moon Surgical is an emerging surgical robotics company building a collaborative laparoscopic platform. Comparable as a small, well-funded surgical technology startup targeting OR workflow and visualization innovation alongside incumbents.
• Asensus Surgical: Asensus Surgical (formerly TransEnterix) develops the Senhance surgical robotics and Intelligent Surgical Unit platform. Comparable as a smaller, public emerging player pursuing next-generation laparoscopic and minimally invasive visualization.
• Activ Surgical: Activ Surgical builds AI-driven intraoperative visualization and surgical intelligence. Comparable as an emerging surgical visualization technology company aiming to modernize the OR with software/hardware innovations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/lazuritelabs
• LinkedInlinkedin.com/company/lazuritelabs

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lazurite