The Sentire system options light-weight surgeon facet arms, tremor filtration, and motion-control strategies to assist complicated surgical procedures in confined areas. | Supply: Cornerstone Robotics
Cornerstone Robotics Ltd., a surgical robotics developer, Monday immediately stated it has raised $70 million in Sequence C financing. The corporate stated the funding will advance its efforts towards commercialization, growth of surgical robotics merchandise, medical 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 just isn’t solely a recognition of our crew’s efforts in translating surgical robotics improvements into sensible functions, but additionally a testomony to our dedication to long-term, high-quality growth.”
Based in 2019, Cornerstone has places of work in Hong Kong and the Higher Bay Space. It has accomplished medical trials in a number of specialties, together with urology, common surgical procedure, gynecology, and thoracic surgical procedures. With its big selection of experience, the firm claimed that it has constructed a basis for worldwide enlargement.
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 College 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 medical experience, mechanical and electrical engineering, software program algorithms, and visible imaging.
“After 5 years of efforts, we’ve achieved unbiased R&D and manufacturing, and acquired recognition from the NMPA in 2024,” Au added. “Shifting ahead, our crew will proceed to innovate, broaden international markets, advance worldwide certifications, and collaborate with extra companions to create worth for the clever healthcare trade and contribute to a greater future for humanity.”
Final yr, Cornerstone Robotics additionally established a web site within the U.Okay. This collaboration goals to foster cutting-edge innovation, assist superior analysis, and improve the corporate’s potential 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 belongings, led Cornerstone Robotics’ funding spherical. Qiming Enterprise Companions, Alpha JWC Ventures, the Innovation and Know-how Enterprise Fund, eGarden Ventures, CTS Funds, K2VC, Lengthy-Z Capital, and extra additionally participated within the spherical.
“The event and medical utility of surgical robots proceed to drive improved therapy outcomes,” stated William Hu, managing accomplice of Qiming Enterprise Companions. “Since Qiming Enterprise Companions’ funding in Cornerstone Robotics, we’ve noticed regular enhancements within the firm’s product efficiency and the continual development of its crew.”
“We consider Cornerstone Robotics is well-positioned to ship more and more aggressive merchandise and larger medical 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 bunch of outstanding traders, the corporate additionally acquired an funding from the Innovation and Know-how Enterprise Fund below the Innovation and Know-how Fee of the Hong Kong Particular Administrative Area Authorities. Cornerstone stated this backing will additional allow the corporate to broaden into key areas in Europe, Southeast Asia, and elsewhere.
“Globally, there may be an pressing have to make high-quality robot-assisted surgical care accessible to sufferers, but few corporations have the potential to ship the extent of security, precision, and rigor required for these vital procedures,” acknowledged Clara Ho and Gordon Shaw, companions within the EQT Non-public Capital Asia advisory crew. “Cornerstone Robotics stands out as a pacesetter on this house, combining cutting-edge medical robotics with a give attention to increasing entry to care.”