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EndoQuest Robotics not too long ago closed a C-1 most well-liked financing spherical value $42 million. The Houston-based endoluminal surgical robotic know-how developer earmarked the funding to assist its growth efforts. It expects the funds to gasoline the development of its versatile endoluminal robotic for minimally invasive procedures.
EndoQuest designed its platform to deal with unmet wants in gastrointestinal and different endoluminal surgical procedures. It developed a system that provides precision and adaptability to enhance affected person outcomes. The proprietary know-how navigates and performs procedures inside the physique’s lumina areas, permitting for minimally invasive interventions.
The platform makes it doable for therapeutic endoscopists and surgeons to function by a trans-oral or trans-anal method.
Legacy traders CE Ventures Restricted and McNair Pursuits led the financing spherical together with new investor Puma Enterprise Capital. EndoQuest believes the funding displays a vote of confidence in its cutting-edge robotic know-how.
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The corporate expects the newly acquired capital to assist drive key initiatives, akin to R&D, regulatory milestones and commercialization. It believes the funds strengthen the corporate’s place as “the frontrunner in versatile endoluminal robotics.”
“Our traders share our imaginative and prescient of leveraging robotics to redefine the chances in minimally invasive procedures,” mentioned Kurt Azarbarzin, CEO of EndoQuest Robotics. “This financing allows us to proceed innovating and refining our know-how, in the end bettering affected person care and remodeling the way forward for endoluminal interventions.”
“We’re thrilled to hitch CE Ventures and McNair Pursuits on this funding spherical for EndoQuest Robotics,” mentioned Amit Hazan, Co-Founder and Managing Companion of Puma Enterprise Capital LLC. Dr. Vipul Patel, a world-renowned robotic urologic surgeon in addition to the Co-Founder and Senior Enterprise Companion of Puma Enterprise Capital LLC added, “I’ve had the privilege of seeing nearly each robotic surgical system both in growth or in the marketplace right this moment and might actually say that EndoQuest’s system is a real recreation changer for each physicians and sufferers.”
Editor’s Word: This text was republished from sister web site MassDevice.