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…
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