TMCNet: Medrobotics secures $33.6 million in Series D funding

[December 21, 2012]

Medrobotics secures $33.6 million in Series D funding

Dec 21, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Medrobotics Corporation, a US-based developer of flexible robot platforms for single-site surgical and interventional applications, has secured $33.6 million in Series D round of funding.


Deal Value (US$ Million) 33.6 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2012-12-20 Deal Participants Target (Company) Medrobotics Corporation (formerly Cardiorobotics, Inc.) Acquirer (Company) Undisclosed Investors* Deal Rationale Medrobotics will use the proceeds for regulatory preparations and submissions and for anticipated commercial launches next year in Europe and the US.

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