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Moon Surgical introduced right now that it raised $55.4 million and appointed a surgical robotics veteran because the chair of its board.
The French-American firm develops the Maestro system to assist surgeons in delicate tissue surgical procedures. The platform acts as a robotic surgical assistant to enhance the precision and management of laparoscopic surgical procedure.
Moon Surgical’s small, adaptable system can combine into present medical workflows. It options capabilities that bolster working room effectivity and permits for different labor fashions.
The corporate earmarked its newest fundraising to assist the continued improvement and deliberate commercialization of Maestro. Moon Surgical received FDA 510(k) clearance for Maestro in December 2022, adopted by CE mark last month. In June 2022, Moon Surgical completed a $31.3 million Series A fundraising.
Sofinnova Companions co-led the newest funding spherical together with Nvidia’s NVentures enterprise capital arm. Dr. Fred Moll and Dr. Josh Makower participated, too. Present buyers, GT Healthcare Capital, Cathay Well being, Johnson & Johnson Innovation — JJDC and Sofinnova Companions’ MD Begin all joined. So, too, did Yann Fleureau, Siddarth Satish, Sacha Loiseau and Richard Leparmentier.
“Not even a yr after the final one, this new financing is extraordinarily thrilling for us, as it’ll allow us to concentrate on the upcoming industrial launch of our Maestro System,” acknowledged Anne Osdoit, CEO of Moon Surgical and a companion in Sofinnova Companions’ MedTech accelerator, MD Begin. “The assist of Sofinnova Companions, NVIDIA, Fred Moll, Josh Makower, and our present investor base is additional validation of the mission of Moon Surgical and the achievements of our workforce.”
Huge identify in surgical robotics to chair the Moon Surgical board
With the funding, Moon Surgical introduced the appointment of Moll as an unbiased chair of the board. Gérard Hascoët stays a Board Director.
“Surgical procedure by its nature entails greater than two fingers,” stated Moll. “With Maestro, the surgeon can totally management the duties that might in any other case be completed by an assistant however in a way more fluid and extra handy means. It’s a functionality that has not been developed earlier than in robotic surgical procedure and delivers worth in any working room the place laparoscopy is carried out.”
Antoine Papiernik, chair of Sofinnova Companions, additionally joins the Moon Surgical board of administrators. Nvidia’s Mohamed Siddeek and Cathay Well being’s Dr. Steve Oesterle additionally be a part of as board observers. Siddeek stated Nvidia is assured in Moon Surgical’s capabilities to “ship a singular and progressive answer to the market.”
“Sofinnova Companions has all the time supported bold, world-leading, category-creating firms which ship on the promise of their distinctive know-how. Moon Surgical is a major instance,” stated Papiernik. “We consider on this workforce’s capability to carry Maestro to the market and revolutionize the surgical robotics panorama by combining their expertise and insights within the wants of the surgeon, affected person, and supplier.”