ABB-backed surgical robotics developer CMR raised the cash at a reported valuation in excess of $1.2bn and has now secured $386m in total.
CMR Surgical, a UK-based surgical robotics developer that counts power and automation technology producer ABB as an investor, raised £195m ($240m) in series C funding today.
Asset management group LGT, University of Cambridge-affiliated patient capital fund Cambridge Innovation Capital (CIC), investment firm Watrium, private equity fund Zhejiang Silk Road Fund and Escala Capital put up the cash along with unnamed US investors.
Founded in 2014, CMR has created a robotics system designed to conduct minimal access surgery, utilises high-definition 3D…
