Cornerstone Robotics Raises $200M for Technology Advancement
Hong Kong-based Cornerstone Robotics has successfully raised approximately $200 million in a recent funding round, aimed at accelerating commercialization and advancing surgical robotic technologies. Key highlights include:
– Funding Details: The oversubscribed financing round attracted a diverse group of participants, including international investors, numerous global institutional and sovereign wealth funds, and existing backers.
– Global Impact: This influx of capital is set to enhance Cornerstone’s international reach, supporting its mission to make advanced surgical robotic technologies more accessible worldwide.
– Innovative Solutions: Established in 2019, Cornerstone Robotics focuses on developing surgical robotics and related technologies through internal research and vertical integration. Its flagship product, the Sentire Endoscopic Surgical System, has gained approval from China’s National Medical Products Administration and is currently utilized in hospitals across mainland China, Europe, and Hong Kong.
– Collaborative Efforts: The company actively partners with academic and medical institutions globally to promote technology adoption, facilitate clinical training, and encourage academic exchange.
– Expert Guidance: UBS Group served as the financial adviser for this funding round, while Global Law Office and JunHe provided legal counsel for transactional and intellectual property matters, respectively.
Founder and CEO, Professor Samuel Au, remarked, The year 2025 marks an important milestone in our development journey. We deeply appreciate the trust and support from our new and existing shareholders. This funding not only acknowledges the successful clinical application of our innovations but also reflects confidence in the long-term growth of Cornerstone Robotics.
This new funding builds on the $70 million raised in January during a Series C financing round, intended to further accelerate commercialization, develop new products, conduct clinical studies, seek regulatory approvals, and expand global reach in robotic surgical solutions. As Cornerstone Robotics continues its commitment to innovation-driven development, the focus remains on delivering safe, high-quality, and accessible surgical robotic solutions to healthcare providers and patients worldwide.