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User:GEbb4/sandbox/Draft of CMR Surgical

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CMR Surgical Limited
FormerlyCambridge Medical Robotics Limited
Company typePrivate Limited Company
Industry
FoundedJanuary 2014; 10 years ago (2014-01) in Cambridge, United Kingdom
Founders
  • Martin Frost
  • Luke Hares
  • Keith Marshall
  • Paul Roberts
  • Mark Slack
Headquarters
Cambridge
,
United Kingdom
Number of locations
2 sites
Key people
ProductsVersius Surgical Robotic System
Websitecmrsurgical.com

CMR Surgical is a British medical device company developing the Versius Surgical Robotics System, a surgical robotics technology designed for minimal access laparoscopy (commonly known as keyhole surgery).

History[edit]

Early Years[edit]

The company was founded as Cambridge Medical Robotics Limited in January 2014 [1], by Martin Frost, Luke Hares, Keith Marshall, Paul Roberts, and Mark Slack,[2] all of whom then worked at Sagentia.[3] In July 2014,[1] they moved to occupy one unit of a business park on a converted farm just outside of Cambridge, in a building once used to house pigs.[3] They successfully raised £4,000,000 in seed capital[3] from Escala Capital Investment[1], and began development of their product.

Sometime before January 2015 the company joined the EtherCAT Technology Group (which they are still a part of today),[4] and by July 2015 the company had grown to 26 employees, had made 30 patent applications, and were continuing to ready their product for commercialisation.[1]

Series A Funding[edit]

The company opened its Series A funding round initially in July 2016, which yielded $20,300,000 in investment from ABB Technology Ventures, LGT Global Invest, and Cambridge Innovation Capital.[5] By October 2016, the company held 50 patents.[3] It then went on to reopen Series A in September 2017, gaining a further $26,000,000 from existing investors plus new investor Watrium, giving a total for the Series A funding round of $46,000,000.[6]

Series B Funding[edit]

In 2018

Series C Funding[edit]

2019

Versius[edit]

Scratch Area[edit]


Customers

References[edit]

  1. ^ a b c d Quested, Tony (2015-07-02). "Keyhole surgery startup targets $20bn market". Business weekly. Archived from the original on 2015-07-30. Retrieved 2019-10-19.
  2. ^ "Our story". CMR Surgical. Retrieved 2019-10-19.
  3. ^ a b c d Gooding, Matt (2016-10-17). "Is this Cambridge's next $1bn company?". Cambridgeshire Live. Archived from the original on 2016-10-21. Retrieved 2019-10-20.
  4. ^ "Members". EtherCAT Technology Group. Archived from the original on 2015-01-02. Retrieved 2019-10-20.
  5. ^ Kharpal, Arjun (2019-07-19). "A start-up making a robot to carry out keyhole surgery raises $20 million". CNBC. Archived from the original on 2016-07-19. Retrieved 2019-10-20.
  6. ^ "CIC increases its holding in Cambridge Medical Robotics". University of Cambridge Enterprise. 2017-09-18. Archived from the original on 2019-10-18. Retrieved 2019-10-20.
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