Memic Innovative Surgery, a medical device company, today announced it has closed a $96 million Series D financing round.
The company, based in Tel Aviv and Fort Lauderdale, has another South Florida tie: Its chairman of the board is Miami serial healthtech entrepreneur Maurice R. Ferré, founder and former CEO of Mako Surgical and currently chairman and CEO of Insightec.
Memic’s financing round was led by Peregrine Ventures and Ceros, with participation from OurCrowd and Accelmed. The company has raised $127.9 million in venture capital since 2014, according to Crunchbase.
The new funding will support commercialization of Memic’s Hominis robotic-assisted surgical platform in the U.S. and potentially in other countries. The financing will also be used for continued research and development, including expanding the company’s portfolio of products and manufacturing scaleup, the company said.
“The Hominis system represents a significant advancement in the growing multi-billion-dollar robotic surgery market. This financing positions us to accelerate our commercialization efforts and bring Hominis to both surgeons and patients in the months ahead,” said Dvir Cohen, co-founder and CEO of Memic.
The company said the Hominis system is the first and only FDA-authorized surgical robotic platform that features miniature humanoid-shaped robotic arms that provide human level dexterity, multi-planar flexibility and 360 degrees of articulation. The biomimetic instruments are designed to replicate the motions and capabilities of a surgeon’s arms, with shoulder, elbow and wrist joints. The robotic device is currently FDA-authorized for use in single-site, natural orifice laparoscopic-assisted surgical procedures, such as a benign hysterectomy
“Given the broad potential of Hominis combined with a strong management team, we are proud to support Memic and execution of its bold vision,” said Eyal Lifschitz, managing general partner of Peregrine Ventures.
Memic employs 60, 10 of them in Fort Lauderdale and plans to hire at least 10 South Florida employees by year’s end, the South Florida Business Journal reported. The company is currently advertising a product manager position in Fort Lauderdale.
Ferré was appointed chairman of Memic’s board of directors in 2018.
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