The Sentire system options light-weight surgeon aspect arms, tremor filtration, and motion-control methods to help complicated surgical procedures in confined areas. | Supply: Cornerstone Robotics
Cornerstone Robotics Ltd., a surgical robotics developer, Monday in the present day mentioned it has raised $70 million in Collection C financing. The corporate mentioned the funding will advance its efforts towards commercialization, growth of surgical robotics merchandise, scientific trials, and regulatory approvals.
“Cornerstone Robotics skilled a number of pivotal milestones over the previous yr,” acknowledged Prof. Samuel Au, founder and CEO of Cornerstone Robotics. “We’re deeply grateful to our shareholders for his or her belief and assist. This milestone is just not solely a recognition of our staff’s efforts in translating surgical robotics improvements into sensible purposes, but additionally a testomony to our dedication to long-term, high-quality growth.”
Based in 2019, Cornerstone has workplaces in Hong Kong and the Larger Bay Space. It has accomplished scientific trials in a number of specialties, together with urology, normal surgical procedure, gynecology, and thoracic surgical procedures. With its big selection of experience, the firm claimed that it has constructed a basis for worldwide growth.
Sentire will get Chinese language certification
By means of analysis and growth and vertical provide chain integration, Cornerstone Robotics has shaped partnerships with main medical facilities in mainland China, Hong Kong, and Europe. This contains the School of Medication of the Chinese language College of Hong Kong and the Chinese language College of Hong Kong-Shenzhen Medication.
In September 2024, Cornerstone Robotics obtained Nationwide Medical Merchandise Administration (NMPA) approval in China for Sentire, its endoscopic surgical system. Developed fully in-house, the system incorporates scientific experience, mechanical and electrical engineering, software program algorithms, and visible imaging.
“After 5 years of efforts, we now have achieved unbiased R&D and manufacturing, and acquired recognition from the NMPA in 2024,” Au added. “Shifting ahead, our staff will proceed to innovate, develop international markets, advance worldwide certifications, and collaborate with extra companions to create worth for the clever healthcare business and contribute to a greater future for humanity.”
Final yr, Cornerstone Robotics additionally established a web site within the U.Ok. This collaboration goals to foster cutting-edge innovation, assist superior analysis, and improve the corporate’s capacity to serve sufferers in Europe and throughout international markets.
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Cornerstone will get VC vote of confidence
EQT, a worldwide funding group managing non-public capital and actual property, led Cornerstone Robotics’ funding spherical. Qiming Enterprise Companions, Alpha JWC Ventures, the Innovation and Expertise Enterprise Fund, eGarden Ventures, CTS Funds, K2VC, Lengthy-Z Capital, and extra additionally participated within the spherical.
“The event and scientific software of surgical robots proceed to drive improved therapy outcomes,” mentioned William Hu, managing accomplice of Qiming Enterprise Companions. “Since Qiming Enterprise Companions’ funding in Cornerstone Robotics, we now have noticed regular enhancements within the firm’s product efficiency and the continual progress of its staff.”
“We consider Cornerstone Robotics is well-positioned to ship more and more aggressive merchandise and better scientific worth to prospects worldwide,” he added. “We’re delighted to proceed our funding and assist as we work collectively towards new milestones.”
Along with receiving funding from a gaggle of outstanding traders, the corporate additionally acquired an funding from the Innovation and Expertise Enterprise Fund underneath the Innovation and Expertise Fee of the Hong Kong Particular Administrative Area Authorities. Cornerstone mentioned this backing will additional allow the corporate to develop into key areas in Europe, Southeast Asia, and elsewhere.
“Globally, there’s an pressing have to make high-quality robot-assisted surgical care accessible to sufferers, but few corporations have the aptitude to ship the extent of security, precision, and rigor required for these important procedures,” acknowledged Clara Ho and Gordon Shaw, companions within the EQT Personal Capital Asia advisory staff. “Cornerstone Robotics stands out as a frontrunner on this area, combining cutting-edge medical robotics with a deal with increasing entry to care.”
