Medical robotics firm CMR Surgical has raised 拢195m in its latest round of funding.
The Cambridge firm, which claims to be the sixth-fastest growing business in the UK last year, now has offices in four continents and employs 400 people.
Following the funding, it said it expects to launch in hospitals across Europe and Asia imminently with further international expansion planned.
Versius, its surgical robot and first product, is a 鈥榖iomimicking鈥� arm for surgeons which can help to perform minimal access surgery (MAS).
CMR Surgical said it wants to make MAS universally accessible, rapidly increasing the number of robotic-assisted procedures that take place globally.
The latest round was supported by existing investors LGT, Escala Capital Investments, Cambridge Innovation Capital, Watrium, and Zhejiang Silk Road Fund as well as new US investors.
It brings the firm鈥檚 valuation to over $1bn.
鈥淲e are pleased to welcome new US investors whose calibre and scale are reflective of the scale of CMR鈥檚 mission to transform surgery,鈥� said Erik Langaker, Chairman of CMR Surgical.
鈥淚 would also like to thank our existing investors for their long-term commitment in supporting this company to achieve its global mission.
鈥淭he significant capital injection in a UK scale-up reconfirms my belief that the Cambridge eco system has fostered a unique pool of diverse talents and competencies that will help drive our innovation in the years ahead.
鈥淲ith new and existing investors onboard, CMR is well-placed to make surgical robotics accessible for all.鈥�
Martin Frost, CEO of CMR Surgical, added: 鈥淲e are delighted with the level of interest and support we have received from both new and existing investors.
鈥淭his is a really exciting time for CMR, having already completed a series of surgical procedures using Versius in a clinical trial, and we are on the verge of the commercial launch of the Versius system.
鈥淲e are strongly positioned to transform the global market of minimal access surgery, making it more accessible and affordable.鈥�