The Sentire system options light-weight surgeon facet 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 at this time 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 12 months,” said Prof. Samuel Au, founder and CEO of Cornerstone Robotics. “We’re deeply grateful to our shareholders for his or her belief and help. This milestone isn’t solely a recognition of our staff’s efforts in translating surgical robotics improvements into sensible functions, but in addition a testomony to our dedication to long-term, high-quality improvement.”
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, basic 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
By way of 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 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 completely 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 unbiased R&D and manufacturing, and obtained recognition from the NMPA in 2024,” Au added. “Transferring ahead, our staff 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 12 months, Cornerstone Robotics additionally established a web site within the U.Ok. This collaboration goals to foster cutting-edge innovation, help superior analysis, and improve the corporate’s means to serve sufferers in Europe and throughout international markets.
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Cornerstone will get VC vote of confidence
EQT, a world funding group managing non-public capital and actual belongings, 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 utility of surgical robots proceed to drive improved remedy outcomes,” stated William Hu, managing associate 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 staff.”
“We imagine Cornerstone Robotics is well-positioned to ship more and more aggressive merchandise and larger scientific worth to clients worldwide,” he added. “We’re delighted to proceed our funding and help as we work collectively towards new milestones.”
Along with receiving funding from a gaggle of outstanding traders, the corporate additionally obtained an funding from the Innovation and Expertise Enterprise Fund beneath the Innovation and Expertise 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 corporations have the potential to ship the extent of security, precision, and rigor required for these important procedures,” said Clara Ho and Gordon Shaw, companions within the EQT Non-public Capital Asia advisory staff. “Cornerstone Robotics stands out as a pacesetter on this house, combining cutting-edge medical robotics with a give attention to increasing entry to care.”
