Mendaera secures a whopping $73 million in funding, propelling the company to successfully develop and launch its innovative handheld robotic machine.

MENDAERA is pioneering the development of a cutting-edge, portable robotic surgical system. Credit score: Adobe Inventory

Mendaera Inc. Yesterday announced that it has closed a $73 million Series B funding round. The corporation plans to enhance its investments in scaling robotics and artificial intelligence to incorporate advanced technologies into conventional medical practices, leveraging its handheld robotic interventional platform for a broader clinical impact.

Rising prices and supplier shortages are posing significant challenges for the healthcare industry in maintaining the standard of care.

While various sectors have addressed similar skill gaps by leveraging automation to boost quality and efficiency, robots in healthcare have primarily been confined to advanced, single-purpose surgical applications, notes Mendaera. The corporation is adopting a unique approach by developing specialized technologies that can be seamlessly integrated into everyday operational processes.

“As conventional surgical robots gain traction in operating rooms,” said Josh DeFonzo, founder and CEO, “acknowledging their increasing impact on medical procedures.” “While significant progress has been made in robotics and AI, they will ultimately bring about far-reaching benefits across the entire healthcare spectrum, enabling more comprehensive care for a larger patient population.”

Through strategic distribution, Mendaera aims to significantly boost patient encounters by tens of millions annually and propel system-wide operational efficiencies.

Mendaera provides capabilities by acquisitions

The company’s latest technology should be utilized.

In a move made earlier this year, Mendata announced its acquisition of Avail Medsystems’ telepresence technology, expanding its offerings in digital connectivity. In 2023, our company reached a significant business settlement with Butterfly Network, a leading provider of point-of-care ultrasound solutions.

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Government initiatives are underway to allocate resources and support measures to address the pressing issue of healthcare labor shortages, recognizing the critical role that a well-staffed healthcare system plays in maintaining public health.

Threshold Ventures led the funding round. Lux Capital, PFM Health Sciences, and Fred Moll, founder of Axial and HeartFlow, also participated in the round.

“We envision a scenario where our specialized knowledge enables healthcare providers to deliver medical services at an unprecedented scale, ultimately leading to improved patient experiences, increased access to quality care, reduced overall costs, and enhanced satisfaction for healthcare professionals themselves.”