Cambridge Medical Robotics clears $46m series A

Sep 19, 2017 •

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

UK-based surgical robotics startup Cambridge Medical Robotics (CMR) closed a $46m series A round featuring Cambridge Innovation Capital (CIC), the patient capital fund founded by University of Cambridge, yesterday.

The round closed after CMR secured $26m from CIC, ABB Technology Ventures, a strategic investment subsidiary of power and automation group ABB, family-owned investment firm Watrium, Escala Capital and LGT Global Invest.

CIC, ABB Technology Ventures and LGT Global Invest had provided the initial $20.3m of series A funding for CMR…

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