The Sentire system options light-weight surgeon facet arms, tremor filtration, and motion-control strategies to help advanced surgical procedures in confined areas. | Supply: Cornerstone Robotics
Cornerstone Robotics Ltd., a surgical robotics developer, Monday at the moment stated it has raised $70 million in Collection C financing. The corporate stated 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,” said 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 workforce’s efforts in translating surgical robotics improvements into sensible purposes, but in addition a testomony to our dedication to long-term, high-quality growth.”
Based in 2019, Cornerstone has workplaces in Hong Kong and the Higher 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 wide selection of experience, the firm claimed that it has constructed a basis for worldwide growth.
Sentire will get Chinese language certification
Via 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 consists of the School of Drugs of the Chinese language College of Hong Kong and the Chinese language College of Hong Kong-Shenzhen Drugs.
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’ve achieved impartial R&D and manufacturing, and obtained recognition from the NMPA in 2024,” Au added. “Shifting ahead, our workforce will proceed to innovate, broaden world 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 website within the U.Ok. This collaboration goals to foster cutting-edge innovation, assist superior analysis, and improve the corporate’s means to serve sufferers in Europe and throughout world markets.
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Cornerstone will get VC vote of confidence
EQT, a world funding group managing personal 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 scientific software of surgical robots proceed to drive improved therapy outcomes,” stated William Hu, managing companion 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 progress of its workforce.”
“We imagine Cornerstone Robotics is well-positioned to ship more and more aggressive merchandise and larger 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 bunch of outstanding traders, the corporate additionally obtained an funding from the Innovation and Know-how Enterprise Fund underneath 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’s an pressing must make high-quality robot-assisted surgical care accessible to sufferers, but few firms have the aptitude to ship the extent of security, precision, and rigor required for these essential procedures,” said Clara Ho and Gordon Shaw, companions within the EQT Personal Capital Asia advisory workforce. “Cornerstone Robotics stands out as a frontrunner on this house, combining cutting-edge medical robotics with a concentrate on increasing entry to care.”
