Cambridge Medical Robotics has secured $20.3 million in a Series A funding round from new investors including ABB Technology Ventures, LGT Global Invest and Cambridge Innovation Capital.
Following the successful start of clinical cadaveric trials in June 2016, investment proceeds will enable CMR to continue on its path towards becoming a global medical device manufacturer.
Specifically, the proceeds will be used to progress development and commercialisation of its medical robotic technology, and to expand the team in preparation for regulatory approval. [Read more…] about Cambridge Medical Robotics secures $20m in Series A financing
