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EndoQuest Robotics just lately closed a C-1 most popular financing spherical value $42 million. The Houston-based endoluminal surgical robotic expertise developer earmarked the funding to help 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 gives precision and adaptability to enhance affected person outcomes. The proprietary expertise navigates and performs procedures inside the physique’s lumina areas, permitting for minimally invasive interventions.
The platform makes it potential 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 expertise.
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The corporate expects the newly acquired capital to assist drive key initiatives, similar 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,” stated Kurt Azarbarzin, CEO of EndoQuest Robotics. “This financing allows us to proceed innovating and refining our expertise, finally enhancing affected person care and reworking the way forward for endoluminal interventions.”
“We’re thrilled to hitch CE Ventures and McNair Pursuits on this funding spherical for EndoQuest Robotics,” stated 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 available on the market at the moment and may actually say that EndoQuest’s system is a real sport changer for each physicians and sufferers.”
Editor’s Word: This text was republished from sister web site MassDevice.
