Robotics & Automation News

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robotic surgery systems

SS Innovations completes $18.6 million private placement to support growth initiatives

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SS Innovations International, a developer of innovative surgical robotic technologies, has completed a private placement of its common stock which generated approximately $18.6 million in gross proceeds, before deducting offering expenses.

In the offering, the company offered and sold a total of 5,774,839 shares of common stock consisting of:

  • an aggregate of 1,300,006 shares of common stock at an average price of $4 per share, or a total of approximately $5.2 million, to Dr Sudhir Srivastava, chairman and CEO ($2 million), Dr Frederic H. Moll, vice-chairman ($2 million), and Tim Adams, a director ($1.197 million); and
  • an aggregate of 4,474,833 shares of common stock at $3 per share, or a total of approximately $13.4 million, to existing and new investors, led by Manipal Global Health Services, an existing shareholder.

SS Innovations intends to use the net proceeds from this financing for working capital and other general corporate purposes, including advancing the Company’s global expansion efforts. [Read more…] about SS Innovations completes $18.6 million private placement to support growth initiatives

Ensuring Safe and Compliant Deployment of Medical Robotics

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Medical robotics is not just a futuristic idea today. That’s why you now witness many robotic systems assisting surgeons, helping with rehab therapy, and automating hospital tasks, all over the world. As tech adoption continues to rise, regulatory pressure and liability risks also increase.

So, if you wish to deploy medical robotics, you need a clear strategy that protects patients, meets compliance standards, and strengthens operational safety from the get-go. [Read more…] about Ensuring Safe and Compliant Deployment of Medical Robotics

Distalmotion raises $150 million to expand Dexter robotic surgery system

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Distalmotion, a medical technology company which provides robotic surgery systems, has announced the successful closing of its Series G financing round. The $150 million financing was led by Revival Healthcare Capital and included inside investor participation.

This new funding will be used primarily to accelerate US commercial adoption of Dexter, its soft tissue robotic surgery system, as well as to support ongoing clinical and product development initiatives.

A major focus of the US expansion continues to be the Ambulatory Surgery Center (ASC) market – one of the fastest-growing segments in surgical care, driven by the ongoing shift toward efficient, outpatient surgery. [Read more…] about Distalmotion raises $150 million to expand Dexter robotic surgery system

Distalmotion raises $150 million to accelerate US expansion of its Dexter robotic surgery system

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Distalmotion, a medical technology company empowering access to the benefits of robotic surgery in outpatient sites of care, has announced the successful closing of its Series G financing round. The $150 million financing was led by Revival Healthcare Capital and included inside investor participation.

This new funding will be used primarily to accelerate US commercial adoption of Dexter, its soft tissue robotic surgery system, as well as to support ongoing clinical and product development initiatives.

A major focus of the US expansion continues to be the Ambulatory Surgery Center (ASC) market – one of the fastest-growing segments in surgical care, driven by the ongoing shift toward efficient, outpatient surgery. [Read more…] about Distalmotion raises $150 million to accelerate US expansion of its Dexter robotic surgery system

Cornerstone Robotics raises over $70 million to commercialize its robotic surgery system

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Cornerstone Robotics, a developer of surgical robotics, has raised over $70 million in Series C financing led by EQT with participation from Qiming Venture Partners, Alpha JWC Ventures, the Innovation and Technology Venture Fund, eGarden Ventures, CTS Funds, K2VC, Long-Z Capital, and others.

This funding will accelerate the company’s efforts in advancing the commercialization process, developing new surgical robotics products, conducting clinical trials, obtaining regulatory approvals, and promoting global adoption of advanced robotic surgical solutions.

In addition to receiving funding from a group of prominent investors, the company headquartered in Hong Kong and the Greater Bay Area, also received investment from the Innovation and Technology Venture Fund under the Innovation and Technology Commission of the Hong Kong Special Administrative Region Government. [Read more…] about Cornerstone Robotics raises over $70 million to commercialize its robotic surgery system