Investments in the health robot sector

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BY : Diego GutiérrezJanuary Tue, 2019

Dentro del sector de robots para la salud, la empresa vasca Cyber Surgery cerró en octubre del 2018 una 4 million financing round. A number of organisations have participated in this investment, which in our field of research and development has corporate finance we assimilate or categorise as a sale of companiesas they sell part of their equity. We analyse the deal in detail and also mention some of the most recent deals in the sector globally.

Impulsando la Salud del Futuro: Inversiones en el Sector de Robots para la Salud

Investments in the health robot sector

Getting to know Cyber Surgery

Cyber Surgery, with headquarters in San Sebastian, is a company dedicated to the development of a robotic assistant for spinal operations. It was founded in 2017 and is a spin-off of the Gipuzkoa-based group Egile.

The robotic assistant developed by Cyber Surgery improves safety and precision in delicate spinal operations. The project was born within the R&D department of the Egile groupAfter the success of their prototype, they have been set up as a company, initiating the path towards the industrialisation of the system. Their high growth expectations were motivated by a move to the Science and Technology Park of Gipuzkoa.

A mediados del 2018 obtuvieron el premio Nueva Empresa en la XXVIII edición de los galardones Toribio Echevarría. In this link you can read the interview published by the SPRI Group with the company's CEO, Jorge Presa.

4 million financing round

On 25 October 2018, we learned of the round of funding obtained by Cyber Surgery. Its great future projection driven by several successes of the project (the robot was tested with animals and with human cadavers obtaining very good results) confirmed a 4 million euro round for the organisation from Gipuzkoa.

Dentro de los inversores del proyecto nos encontramos a Geroa Pentsioak, Basque Fondo, el Grupo Igualmequisa y Salesoc.

Geroa is a system in which workers, through small efforts shared with their companies throughout their working lives, build up their own supplementary pension. It is a non-profit organisation where the profits obtained are fully invested in future pensions.

Basque Fund is a new public investment instrument of the Basque Government endowed with 5 million euros to facilitate the development and consolidation phases of new Basque innovative companies supported by the BICs.

The Igualmequisa Group and Salesoc, for their part, have also taken part in this ".sale of companies"The amounts contributed by each of them are not known.

Other funding rounds worldwide

  • Auris Health acumuló una ronda de 220 millones de dólares el 28 de noviembre de 2018. La compañía médica californiana que desarrolla tecnología robótica para aplicaciones médicas obtuvo una ronda Serie E, principalmente llevada a cabo por Partner Fund Management.
  • El 17 de septiembre de 2018 se llevó a cabo una ronda de financiación a WHILL, empresa dedicada a diseñar y crear productos de movilidad personal. La inversión se elevó a 45 millones de dólares categorizada como una Serie C. Los inversores principales estaban compuestos por las japonesas Whiz Partners, SBI Investments y Daiwa Securities Group.
  • El pionero en dispositivos médicos de Cambridge CMR Surgical hizo historia el 4 de junio con una sorprendente recaudación de fondos Serie B de 100 millones de dólares. El inversor principal de la operación fue Silk Road Fund.
  • Corindus, un desarrollador estadounidense de robótica vascular de precisión, anunció el 16 de marzo el cierre del acuerdo para emitir acciones preferentes convertibles Serie A a inversores como Hudson Executive Capital o BioStar Ventures. La cifra global de la operación ascendió a 25 millones de dólares.
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