Cornerstone Robotics Raises $70M in Funding for New Surgical Robotics

Cornerstone Robotics (CSR), a leading surgical robotics company, has recently secured over $70 million in Series C funding. The funding round was led by EQT, with participation from prominent investors such as Qiming Venture Partners, Alpha JWC Ventures, and the Innovation and Technology Venture Fund.

What CSR Does

CSR specializes in manufacturing advanced surgical systems. One of its recent achievements includes obtaining approval from the National Medical Products Administration in China for its cutting-edge Endoscopic Surgical System called “Sentire.”

The funds raised will be utilized to accelerate CSR’s progress in the commercialization process, develop new surgical robotics products, conduct essential clinical trials, secure regulatory approvals, and drive the global adoption of innovative robotic surgical solutions.

Samuel Au, the founder and CEO of Cornerstone Robotics, expressed gratitude towards the shareholders for their unwavering trust and support. He emphasized that this funding milestone is a testament to the team’s dedication to translating surgical robotics innovations into practical applications for long-term development.

Market Snapshot

In the competitive landscape of surgical robotics, companies like Agilis Robotics and SS Innovations are also making significant strides. Agilis Robotics specializes in robotic instruments for endoluminal surgery, focusing on improving the efficacy of endoscopic surgery for gastrointestinal and urinary tract cancers.

SS Innovations, on the other hand, offers a wide range of advanced surgical robotic systems, endosurgical instruments, and mixed reality training platforms for surgeons. Their recent accomplishment includes successfully conducting two robotic cardiac tele surgeries within a span of just two days.

DocRobo is another key player in the medical robotics sector, dedicated to researching and developing innovative robotic products and solutions. Their focus areas include parallel surgical robotic devices, flexible robotic arms, machine vision technology, and automatic surgery.

This recent funding milestone for Cornerstone Robotics signifies a significant step forward in the field of surgical robotics, paving the way for further advancements and breakthroughs in medical technology and patient care.