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Cambridge Medical Robotics raises $100 million in new funding

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Cambridge Medical Robotics, which is building what it describes as a “next-generation surgical robot”, says it has closed a Series B funding round raising $100 million from new investor, Zhejiang Silk Road Fund and existing investors Escala Capital Investments, LGT, Cambridge Innovation Capital and Watrium. 

CMR Surgical says it will use the proceeds to prepare its Versius system for planned commercialisation.

Activities will include the completion of validation studies for regulatory approval processes in both Europe and the USA, international expansion, and commercial scale-up in response to considerable industry interest in adoption of this new product.  [Read more…] about Cambridge Medical Robotics raises $100 million in new funding

Cambridge Medical Robotics raises another $26 million in funding

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Cambridge Medical Robotics, a company which is developing a robotic system for minimal access surgery, has closed its Series A funding round, raising a further $26m.

The investment came from existing investors Cambridge Innovation Capital, LGT Global Invest, Escala Capital and ABB Technology Ventures, and new investor Watrium.

Together with the first tranche in July 2016, the Series A round has raised $46m in total.  [Read more…] about Cambridge Medical Robotics raises another $26 million in funding

Cambridge Medical unveils its new surgical robot

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Cambridge Medical Robotics, which is developing a surgical robot, has released the first photographs of the system, Versius.

The images show the “revolutionary” design of the robot, including its “highly versatile” surgical bio-mimicking arms.

The release of the photographs marks a major milestone, says CMR, which aims to make minimal access surgery available to all the estimated 6 million people a year who could benefit and make it easier for laparoscopic surgeons to learn and perform the technique.  [Read more…] about Cambridge Medical unveils its new surgical robot

Dr Robot: Robotics and automation in the medical sector

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Robotics in the healthcare and pharmaceutical sector has a relatively long history, having started with a robot called the Puma 560 in 1985, according to All About Robotic Surgery.

Now, however, a number of robotic and automation systems have been approved by the US Food and Drug Administration for operation in healthcare environments, and the market is probably set to grow exponentially in the next few years as they become fully commercialised.

While robotic surgery systems such as Intuitive Surgical’s da Vinci may be the most photogenic of the systems, gaining a lot of publicity in recent years, there are numerous other systems being developed, with some already being used in healthcare.  [Read more…] about Dr Robot: Robotics and automation in the medical sector

Cambridge Consultants demonstrates tiny robot small enough to assist in eye operations

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Cambridge Consultants has been demonstrating a tiny robot which is small enough to assist in eye surgery. (See vido below.)

The company says the “Axsis” robot heralds “the next wave of surgical robotics innovation.

Propelling surgical innovation to the next stage, product design and development firm Cambridge Consultants is showcasing Axsis – one of the smallest known robots for surgical use. With an external body the size of a drinks can and instruments only 1.8 millimetres in diameter, Axsis provides a glimpse into the future of surgical robotics.  [Read more…] about Cambridge Consultants demonstrates tiny robot small enough to assist in eye operations

Beyond Fingerprints: The Advanced Iris Recognition Solutions from ROC

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Iris recognition is a biometric identification method that focuses on the unique patterns found in the iris, which is the colored part of the eye surrounding the pupil.

This technology is highly accurate and reliable, with meager false match rates. However, specialized equipment is required to capture high-resolution images for precise identification.

The iris itself, located at the front of the eye, is a pigmented, circular muscle that regulates the size of the pupil, controlling how much light enters the eye to ensure optimal vision. [Read more…] about Beyond Fingerprints: The Advanced Iris Recognition Solutions from ROC

Baker-Polito Administration awards Harvard and Boston universities $3 million for assistive robotics research

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The Baker-Polito Administration, or the Massachusetts state government, has awarded a new grant award of $3,057,320 to Harvard University and Boston University to support the development of next-generation robotics and wearable technologies.

Researchers aim to improve the lives of people with neuro-motor impairments and to help individuals achieve ambitious fitness goals, driving innovation in a new category of rehabilitation, diagnostic, and assistive devices that are more lightweight, affordable, and connected.

Led by Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS), the project involves a collaboration with Boston University College of Health & Rehabilitation Sciences: Sargent College, as well as with industry partners that are poised to bring innovations to market. [Read more…] about Baker-Polito Administration awards Harvard and Boston universities $3 million for assistive robotics research

CMR Surgical’s Versius robot adopted by top London hospitals

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Guy’s and St Thomas’ NHS Foundation Trust is the first hospital in London to use the Versius next-generation robot from CMR Surgical, enabling patients awaiting cancer treatment greater access to minimal access surgery in the capital.

This is the latest in a string of new NHS sites to acquire Versius, as the next-generation robot from Cambridge continues to demonstrate merit to leading health systems across the world.

CMR Surgical, the maker of Versius, says Guy’s and St Thomas’ NHS Foundation Trust is the latest NHS Trust, and first site in London, to adopt its robot. The renowned teaching hospital has adopted the versatile technology in order to increase patient access to minimal access – or keyhole – surgery across both of its London sites. [Read more…] about CMR Surgical’s Versius robot adopted by top London hospitals

NGen invests $5 million into manufacturing of disinfection robots

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Next Generation Manufacturing Canada (NGen), the industry-led organization leading Canada’s Advanced Manufacturing Supercluster, is co-investing $5 million in projects leading to the development and production in Canada of automated hands-free disinfection technologies to help stop the spread of coronavirus.

Five outstanding projects have been selected for funding under NGen’s Disinfection Robot Challenge. With matching contributions from industry, total value of these projects will exceed $10 million.

In April NGen challenged companies to develop innovative robotic solutions that would reduce the number of healthcare associated infections to protect the safety of both patients and healthcare workers, or that would disinfect private spaces and facilities so that businesses could bring employees back to work in a safe and sanitized environment. [Read more…] about NGen invests $5 million into manufacturing of disinfection robots

CMR Surgical raises $240 million in Series C financing

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CMR Surgical, the maker of the “Versius” robotic surgery system, has raised $240 million in its latest funding round.

The company says the new money will enable it to fully fund the global commercialisation of the business.

Since the last funding round in May 2018, CMR Surgical has further accelerated its growth in order to achieve its mission of bringing minimal access surgery to patients around the world. [Read more…] about CMR Surgical raises $240 million in Series C financing