User:GEbb4/sandbox/Draft of CMR Surgical

The company was founded as Cambridge Medical Robotics Limited in January 2014 {{cite web|url=https://www.businessweekly.co.uk/news/biomedtech/keyhole-surgery-startup-targets-20bn-market|title=Keyhole surgery startup targets $20bn market|date=2015-07-02|last=Quested|first=Tony|website=Business weekly|access-date=2019-10-19|archive-url=https://web.archive.org/web/20150730165100/https://www.businessweekly.co.uk/news/biomedtech/keyhole-surgery-startup-targets-20bn-market|archive-date=2015-07-30|url-status=live}}, by Martin Frost, Luke Hares, Keith Marshall, Paul Roberts, and Mark Slack,{{cite web|url=https://cmrsurgical.com/about/our-story/|title=Our story|access-date=2019-10-19|website=CMR Surgical}} all of whom then worked at Sagentia.{{cite web|url=https://www.cambridge-news.co.uk/business/technology/cambridges-next-1bn-company-12037365|title=Is this Cambridge's next $1bn company?|date=2016-10-17|last=Gooding|first=Matt|website=Cambridgeshire Live|access-date=2019-10-20|archive-url=https://web.archive.org/web/20161021221830/https://www.cambridge-news.co.uk/business/technology/cambridges-next-1bn-company-12037365|archive-date=2016-10-21|url-status=live}} In July 2014, they moved to occupy one unit of a business park on a converted farm just outside of Cambridge, in a building once used to house pigs. They successfully raised £4,000,000 in seed capital from Escala Capital Investment, and began development of their product.

Sometime before January 2015 the company joined the EtherCAT Technology Group (which they are still a part of today),{{cite web|url=https://www.ethercat.org/en/members.html|title=Members|website=EtherCAT Technology Group|access-date=2019-10-20|archive-url=https://web.archive.org/web/20150102071542/http://www.ethercat.org/en/members.php|archive-date=2015-01-02|url-status=live}} and by July 2015 the company had grown to 26 employees, had made 30 patent applications, and were continuing to ready their product for commercialisation.

The company opened its Series A funding round initially in July 2016, which yielded $20,300,000 in investment from ABB Technology Ventures, LGT Global Invest, and Cambridge Innovation Capital.{{cite web|url=https://www.cnbc.com/2016/07/19/a-start-up-making-a-robot-to-carry-out-keyhole-surgery-raises-20-million.html|title=A start-up making a robot to carry out keyhole surgery raises $20 million|date=2019-07-19|last=Kharpal|first=Arjun|website=CNBC|access-date=2019-10-20|archive-url=https://web.archive.org/web/20160719131645/https://www.cnbc.com/2016/07/19/a-start-up-making-a-robot-to-carry-out-keyhole-surgery-raises-20-million.html|archive-date=2016-07-19|url-status=live}} By October 2016, the company held 50 patents. It then went on to reopen Series A in September 2017, gaining a further $26,000,000 from existing investors plus new investor Watrium, giving a total for the Series A funding round of $46,000,000.{{cite web|url=https://www.enterprise.cam.ac.uk/news/cic-increases-its-holding-in-cambridge-medical-robotics/|title=CIC increases its holding in Cambridge Medical Robotics|date=2017-09-18|website=University of Cambridge Enterprise|access-date=2019-10-20|archive-url=https://web.archive.org/web/20191018203245/https://www.enterprise.cam.ac.uk/news/cic-increases-its-holding-in-cambridge-medical-robotics/|archive-date=2019-10-18|url-status=live}}

In 2018

2019

• 6th fastest growing company 2015 to 2018 (factor of 45.5 valuation). https://files.syndicateroom.com/guides/top100report2018.pdf
• Aims to be smaller, more flexible, more versatile than rivals. More economical because quick to set up. Mark Slack "80 hours suturing manually, 30 mins with Versius". Expected CE mark in next few months (Sep 18). https://www.bbc.co.uk/news/health-45370642
• Investors ABB, LGT, CIC $20.3mil investment. Cadaveric trials. Remote surgery possibility. Jul 2016. https://www.cnbc.com/2016/07/19/a-start-up-making-a-robot-to-carry-out-keyhole-surgery-raises-20-million.html
• "Venture financing deal of the year" at Medtech Insight awards 2018 https://web.archive.org/web/20181009052747/https://www.cambridgenetwork.co.uk/news/cmr-surgical-venture-financing-deal-year-medtech-insight-awards/
• Hope to be in 6 NHS hospitals 6 months after Sep 2018. https://www.standard.co.uk/tech/britain-medical-tech-nhs-hope-a3932821.html
• Cleveland Scott York assisted Zhejiang Silk Road Fund investing series B (Oct 2018). https://www.lawyer-monthly.com/2018/09/cleveland-scott-york-on-the-zhejiang-silk-road-fund-investment/
• CIC participated in Series A investment 2016, also in Series c 2019. https://www.enterprise.cam.ac.uk/news/sister-organisation-cic-participates-in-195-million-series-c-financing-for-cmr-surgical/
• Intend to provide everything as a managed service. Hope to appeal in tough financial times. https://www.fiercebiotech.com/special-report/cambridge-medical-robotics
• Everything about Versius (Dec 2017). https://www.techworld.com/startups/could-worlds-smallest-surgical-robot-make-keyhole-surgery-mainstream-3668452/
• 130 employees. On sale by end 2018. All four surgical quadrants. Reduce cost diff to hundreds. Series A two rounds, Jul 2016 and Sep 2017. Nov 2017. https://www.medicaldevice-network.com/features/surgical-robotics-small-beautiful/
• Sometime in 2016 offer to sell. Lots of 2019 stuff. https://www.businessweekly.co.uk/news/hi-tech/cambridge-medical-robotics-pioneer-cmr-scales-hugely-240m-series-c-earns-unicorn-status

• http://rusletter.com/articles/egor_kulkov_invested_in_british_medrobots
• https://www.globenewswire.com/news-release/2018/06/04/1515898/0/en/CMR-Surgical-raises-100-million-in-a-Series-B-financing.html
• https://www.thetimes.co.uk/article/robotics-pioneer-cmr-surgical-scrubs-up-for-market-l7p8p89hj
• https://www.telegraph.co.uk/business/2018/06/04/british-robotic-surgery-company-cmr-surgical-raises-75m-investors/
• https://www.theguardian.com/society/2018/jul/04/robots-nhs-surgeons-keyhole-surgery-versius
• https://patentimages.storage.googleapis.com/fe/76/93/82660f991221d3/GB2523831A.pdf
• https://www.businesswire.com/news/home/20151119006786/en/Cambridge-Medical-Robotics-Limited-CMR-Company-Successful
• https://www.cambridgeindependent.co.uk/business/cmr-surgical-raises-195m-to-bring-its-versius-robot-to-hospitals-across-the-world-9083098/
• https://www.cambridgeindependent.co.uk/news/cmr-surgical-recruits-the-next-generation-of-talent-9050572/
• https://venturebeat.com/2016/07/18/u-k-med-tech-startup-raises-20-million-to-bring-next-gen-robotics-to-surgery/
• https://www.roboticsbusinessreview.com/health-medical/u_k_companies_grab_a_slice_of_the_surgical_robotics_market/
• https://www.medgadget.com/2016/12/cambridge-medical-robotics-versius-system.html
• http://www.markslackgynaecologist.org.uk/MediaWork.php

Customers

• Galaxy https://www.medicaldevice-network.com/news/galaxy-care-hospital-acquires-first-versius-surgical-robotic-system/ https://cmrsurgical.com/galaxy-care-becomes-first-hospital-in-the-world-to-acquire-the-versius-surgical-robotic-system/
• Manavata https://cmrsurgical.com/hcg-curie-manavata-cancer-centre-introduces-versius-surgical-robotic-system/

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