Overview

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Total Equity Funding
$147.4M in 9 Rounds from 3 Investors
Most Recent Funding
$25M Series G on November 7, 2015
Headquarters:
Raynham, MA
Description:
Medrobotics Corporation is a medical robotics company developing and commercializing the Flex Robotic System.
Founders:
, ,
Categories:
Health Care, Robotics, Biotechnology, Hardware
Website:
http://medrobotics.com
Social:

Company Details

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Medrobotics Corporation (formerly Cardioborobotics, Inc.) is a Delaware "C" Corporation, originally formed in 2005 (as Innovention Technologies, LLC) by the inventors of our technology. They are Howie Choset, PhD, a tenured Associate Professor of Robotics at Carnegie Mellon University, Dr. Marco Zenati, a cardiothoracic surgeon and Visiting Professor of Surgery at Harvard Medical School, and Dr. Alon Wolf, Associate Professor at Technion University in Israel. Dr. Zenati was on the medical faculty of the University of Pittsburgh at the time he and Drs. Choset and Wolf developed the first generation medical "snake robotics" platform in-licensed by the Company. Dr. Choset and Dr. Zenati continue to remain involved in technology development at the Company.

Medrobotics has exclusive worldwide licenses for its technologies from Carnegie Mellon University and the University of Pittsburgh as well as additional robust development of its own intellectual property portfolio. The Company has an operational facility in New England, with partners located throughout the United States.

Funding Rounds (12) - $161.5M

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DateAmount / RoundValuationLead InvestorInvestors
Nov, 2015$25M / Series G0
Oct, 2014$20M / Series F0
May, 2014$26M / Series E0
Mar, 2013$10M / Debt Financing1
Dec, 2012$33.6M / Series D0
Aug, 2012$8M / Series D0
Nov, 2011$11.7M / Series C0
May, 2011$3.6M / Debt Financing0
Feb, 2011$6.5M / Series C0
Sep, 2010$504.78k / Debt Financing0
Jan, 2010$5M / Series B0
Sep, 2009$11.6M / Series A3

Current Team (4)

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Board Members and Advisors (3)

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Offices/Locations (1)

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  • Office

    475 Paramount Drive

    Raynham, MA 02767

    USA

Images (1)

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