AiM Medical Robotics, a Fort Lauderdale-based startup developing a robotic-assisted platform for neurosurgery, secured $3.4 million in seed funding.
The round was led by IQ Capital and Surrey Capital Partners with participation from The Lambda Fund, a part of the Lamport Family Office, Triple Ring Technologies, and Worcester Polytechnic Institute, among others.
“AiM is bringing together best-in-class robotics and deep clinical expertise to develop what will be a game changing robot-assisted surgery platform for surgeons and patients” said Samantha Surrey, founder of Surrey Capital Partners, who has joined AiM’s Board of Directors.
The company plans to use the funds to accelerate the development of its MRI-compatible robotics platform, and to continue to grow its team across research, engineering, and clinical and medical affairs. AiM recently announced a new CMO and CTO for its team. The company was founded in 2018.
AiM says traditional approaches in robot-assisted surgery can be expensive, incompatible with existing surgical workflows, and incapable of meaningfully improving patient outcomes. AiM’‘s robotic-assisted platform is designed to improve outcomes for patients undergoing neurosurgery for functional brain disorders – such as Parkinson’s and Epilepsy – and cancer. The platform also provides cost savings to hospitals by eliminating surgical errors and reducing procedure times by up to 50%, its website says.
“AiM is on an exciting journey to develop and commercialize an industry-first in robot-assisted surgery with our MRI-compatible robotics platform. I am honored to have the support of our investors as we continue building our team of experts in robotics and medicine, and as we work towards our north star of improving patient outcomes in neurosurgery,” said Bob Cathcart, CEO of AiM, in a statement.
Cathcart formerly served as CEO of Clear Guide Medical, an image-guided surgical company, and as senior executive for for Hansen Medical, the leader in Surgical Robotics for Cardiovascular.
Follow Nancy Dahlberg on Twitter @ndahlberg and email her at [email protected]
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