Receivers sell Opum Technologies for $950k

Opum was spun out of research carried out by its CEO and founder Andrew McDaid at Auckland University. (Image: NZME)

Wed, 11 Oct 2023

The receivers of Opum Technologies have managed to sell the company for just short of $1 million.But it's not enough to cover all the money owed to creditors, leaving a shortfall of roughly $1.5m.The Auckland startup was developing artificial intelligence technology for knee injury recovery and other ailments but was put into receivership in July by its three of its lenders – Med-tech Acceleration Services, TRT Investment Group and Transocean Securities, which has a 13% stake.The firm was founded by Andrew McDaid, who is a 37% shareho...

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