The Sentire system options light-weight surgeon facet arms, tremor filtration, and motion-control strategies to help 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 Collection C financing. The corporate stated the funding will advance its efforts towards commercialization, improvement 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 will not be solely a recognition of our group’s efforts in translating surgical robotics improvements into sensible functions, but additionally a testomony to our dedication to long-term, high-quality improvement.”
Based in 2019, Cornerstone has workplaces in Hong Kong and the Better Bay Space. It has accomplished scientific 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
Via analysis and improvement 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 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 completely 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 obtained recognition from the NMPA in 2024,” Au added. “Transferring ahead, our group will proceed to innovate, develop world 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 website within the U.Ok. This collaboration goals to foster cutting-edge innovation, assist superior analysis, and improve the corporate’s capability 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 non-public capital and actual property, 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 utility of surgical robots proceed to drive improved therapy outcomes,” stated William Hu, managing associate 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 development of its group.”
“We consider 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 beneath the Innovation and Know-how Fee of the Hong Kong Particular Administrative Area Authorities. Cornerstone stated this backing will additional allow the corporate to develop 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 corporations have the aptitude 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 group. “Cornerstone Robotics stands out as a pacesetter on this area, combining cutting-edge medical robotics with a concentrate on increasing entry to care.”
