Cambridge Medical Robotics clears $46m series A

Sep 18, 2017 • Callum Cyrus

The surgery robotics developer has added $26m from investors including ABB Technology Ventures to complete its series A round, 14 months after closing the first tranche.

UK-based surgical robotics startup Cambridge Medical Robotics (CMR) closed a series A round featuring ABB Technology Ventures, a strategic investment subsidiary of power and automation group ABB, at $46m yesterday.

The round closed after CMR secured $26m from ABB Technology Ventures as well as Cambridge Innovation Capital (CIC), the university venture fund run by Cambridge University, family-owned investment firm Watrium, Escala Capital and LGT Global Invest.

ABB Technology Ventures, LGT Global Invest and CIC had provided the initial $20.3m of…

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