CMR Surgical develops next-generation robotic systems designed to make minimally invasive surgery more accessible worldwide. Its flagship product, Versius, is a modular and flexible surgical robot that allows hospitals to adopt robotic surgery without major infrastructure changes.
The company focuses on improving surgical outcomes, reducing recovery times, and enabling surgeons to perform complex procedures with greater precision.
What Is CMR Surgical and What Does It Do?
CMR Surgical, founded in 2014, is a Cambridge-based medical robotics company operating in the surgical instruments and healthcare robotics sector. The company develops Versius, a collaborative surgical robotic system designed to be adaptable across a wide range of procedures.
CMR Surgical employs 633 employees as of December 2024 and serves hospitals across multiple international markets, supporting the global shift toward minimally invasive surgery.
How Much Funding Has CMR Surgical Raised?
1. Series A
- Amount Raised: $12M
- Date: 2016
- Lead Investors: Cambridge Innovation Capital
- Motivation: To develop the initial Versius robotic surgery platform.
2. Series B
- Amount Raised: $100M
- Date: 2019
- Lead Investors: Ally Bridge Group
- Motivation: To accelerate product development and early commercialization.
3. Series C
- Amount Raised: $240M
- Date: 2020
- Lead Investors: SoftBank Vision Fund
- Motivation: To scale manufacturing and expand global clinical adoption.
4. Series D
- Amount Raised: $600M
- Date: 2021
- Lead Investors: SoftBank Vision Fund, Ally Bridge Group
- Motivation: To support international expansion and regulatory approvals.
5. Series D Extension
- Amount Raised: $131M
- Date: April 2025
- Lead Investors: PFM Health Sciences, Ally Bridge Group
- Motivation: To strengthen balance sheet and accelerate global hospital deployments.
Total Funding Raised: $1.32 Billion
Current Valuation: $3 Billion (as of Jun 2021)
Latest Funding Date: April, 2025
Key Investors
1. Ally Bridge Group
- Details: A global healthcare-focused investment firm supporting life sciences innovation.
- Investment Focus Areas: Biotech, medical devices, healthcare technology.
- Notable Investments: CMR Surgical, Grail, BionTech.
2. SoftBank Vision Fund
- Details: A global investment fund backing transformative technology companies.
- Investment Focus Areas: Robotics, artificial intelligence, healthcare technology.
- Notable Investments: CMR Surgical, Arm, AutoStore, Uber.
3. PFM Health Sciences
- Details: A healthcare investment firm specializing in medical innovation and clinical platforms.
- Investment Focus Areas: Medical devices, life sciences, healthcare services.
- Notable Investments: CMR Surgical, Integra LifeSciences, Inari Medical.
4. Cambridge Innovation Capital
- Details: A venture capital firm supporting technology and life sciences companies from the Cambridge ecosystem.
- Investment Focus Areas: Deep tech, healthcare, artificial intelligence.
- Notable Investments: CMR Surgical, Bicycle Therapeutics, Audio Analytic.
Where Is CMR Surgical’s Headquarters?
CMR Surgical is headquartered in Cambridge, United Kingdom, benefiting from close ties to leading research institutions, clinical partners, and the UK’s medical technology ecosystem.
What’s Next for CMR Surgical?
CMR Surgical is expected to focus on expanding Versius deployments globally, entering new surgical specialties, and deepening partnerships with hospitals worldwide. Continued investment in training, clinical data, and regulatory approvals will be key drivers as the company works toward making robotic-assisted surgery more accessible and scalable.
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