ABB-backed surgical robotics developer CMR raised the cash at a reported valuation in excess of $1.2bn and has now secured $386m in total.

CMR Surgical, a UK-based surgical robotics developer that counts power and automation technology producer ABB as an investor, raised £195m ($240m) in series C funding today. Asset management group LGT, University of Cambridge-affiliated patient capital fund Cambridge Innovation Capital (CIC), investment firm Watrium, private equity fund Zhejiang Silk Road Fund and Escala Capital put up…

The rest of this content is only accessible to Corporate Venturing: News, Data, and Events - Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.