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Surgical robotics firm CMR raises $600M

UK-based robotics firm CMR Surgical this morning announced a $600 million Series D. This newest spherical, led by Softbank’s Imaginative and prescient Fund 2 and co-led by Ally Bridge Group, joins an existing $384.8 million already raised by the Cambridge agency. It values the corporate at $3 billion.

CMR’s flagship product is Versius. The robotic system is designed to carry out minimally invasive keyhole surgical procedure, primarily targeted on severe situations like bowel illness or bowel most cancers. The platform has been used globally and has to date been concerned in 1,000 surgical procedures, in accordance with CMR’s numbers.

4 NHS (Nationwide Well being Service) hospitals within the U.Okay. have enlisted the surgical platform, together with a slew of different areas in Europe, India, the Center East and Australia. As CMR notes, the pandemic has resulted in an enormous backlog in surgical procedures.

Like many different robotic surgical platforms, one among Versius’s main appeals is a way of accessibility – basically serving to degree the taking part in area for advanced procedures. The system is modular and transportable in comparison with numerous rivals, additional rising that accessibility. The corporate says funding will go towards accelerating the platform’s international roll out.

“This newest financing equips CMR with vital funds to speed up our mission of bringing Versius to hospitals worldwide, while offering full flexibility to realize our targets,” CEO Per Vegard Nerseth stated in a launch tied to the information. “This main injection of capital that now values us at $3billion not solely displays the extent of curiosity we’ve got seen in our product, but additionally the dimensions of the enterprise, and can allow vital expertise developments and international growth.”

Surgical robotics have been an more and more widespread class for VC funds of late. Latest rounds embrace $96 million for Memic, $10 million for ForSight and $15 million for Activ. Even by these requirements nonetheless, it is a large spherical for the class.

Memic raises $96M for its robot-assisted surgical procedure platform