Auris Surgical Robotics, a 10-year-old, San Carlos, Ca.-based surgical robotics company that was founded by serial entrepreneur Frederic Moll, has quietly raised $280 million in Series D funding led by Coatue Management.
The company had previously raised at least $184 million from investors, shows Crunchbase. Its other backers include Mithril Capital Management (cofounded by Peter Thiel and Ajay Royan), Lux Capital, NaviMed Capital, and Highland Capital Partners.
Auris is an interesting company, largely because of Moll, who previously founded three other companies, including 22-year-old, publicly traded Intuitive Surgical, which also makes robotic surgical systems and whose market cap is right now hovering around $35 billion, and Hansen Medical, a company that developed tools to manipulate catheters. Moll cofounded Hansen in 2002 and took it public in 2006. The company, which never gained the kind of traction that Intuitive has enjoyed, was acquired last summer by Auris in a deal valued at roughly $80 million.
Auris announced its newest round of funding in an easy-to-miss paragraph on its website, and its been similarly low key about its work to date, though it says that lung cancer is the first disease in its sights.
Its a huge opportunity (alas). Despite a wealth of information about the dangers of smoking, the World Health Organization estimates that one billion people in the world smoke currently, which leads to 6 million deaths per year.
As Auris notes, thats more victims than patients who die every year from prostate, breast, and colon cancer combined.
According to Auris, one reason lung cancer remains so dangerous is that both diagnosis often comes late, when the cancer has spread. Indeed, it says its technology will allow doctors to access early-stage lung cancer without incisions, allowing for more accurate diagnosis, as well as more targeted treatment.
Its making progress toward that end, seemingly. Last year, the FDA approveda medical robot that was identified in its application as theAuris Robotic Endoscopy System or ARES robot. Aclose readby the journal IEEE Spectrum of other patents Auris has filed suggest its working on flexible robots that can use the bodys natural openings, including the mouth, to address conditions of the throat, lungs and gastrointestinal system. (The company, which isnt talking to reporters currently, apparently confirmed toIEEE Spectrum last year that it had already carried out at least one successful human trial of such a robot, outside the United States.)
Such surgeries are called endolumenal surgeries, and reportedly, because they dont involve big incisions, they are especially attractive in cases that involve frail patients, for whom more invasive procedures can be life ending.
According to IEEE Spectrums thorough report which was published last year one of Auriss patent applications includes mentions of lasers, forceps, needles, graspers, and scalpels, which it said could potentially enable a surgeon to do everything from biopsies and gastric repairs to excising tumors.
Put another way, lung cancer is the first frontier, but its hardly the last.
Auriss competitors include Medtronic, MedRobotics, Verb Surgical (backed by Alphabet and Johnson & Johnson) and even Intuitive itself.
See original here:
- Robotics Academy - December 14th, 2016 [December 14th, 2016]
- KUKA Robotics | KUKA AG - December 14th, 2016 [December 14th, 2016]
- Robotics - The Great Courses - December 22nd, 2016 [December 22nd, 2016]
- Robotics - reddit - January 11th, 2017 [January 11th, 2017]
- Chatham Robotics Goes Undefeated and Moves On to State Championship - TAPinto.net - February 7th, 2017 [February 7th, 2017]
- Meridian robotics team gears up for Idaho FRC Regional - KBOI-TV - February 7th, 2017 [February 7th, 2017]
- Local robotics students headed to World Championship tournament - KOLO - February 7th, 2017 [February 7th, 2017]
- Report: Nearshoring favors robotics, will require heavy capital investment - Supply Chain Dive - February 7th, 2017 [February 7th, 2017]
- Belding hosts largest robotics competition in history of event - Greenville Daily News - February 7th, 2017 [February 7th, 2017]
- First Tech Challenge: High schools battle in robotics competition - The Journal News | LoHud.com - February 7th, 2017 [February 7th, 2017]
- Robotics Team Takes Home Trophy at Lego Competition - Patch.com - February 7th, 2017 [February 7th, 2017]
- OHS robotics club dazzles McKinley students - Southernminn.com - February 7th, 2017 [February 7th, 2017]
- Toyota Industries Acquires Warehouse Robotics Developer - Wall Street Journal - February 7th, 2017 [February 7th, 2017]
- South High wins Volvo's robotics tournament - Herald-Mail Media - February 7th, 2017 [February 7th, 2017]
- Belding hosts robotics competition - Sentinel-Standard - February 7th, 2017 [February 7th, 2017]
- CMS robotics program soars - SW News Media - February 7th, 2017 [February 7th, 2017]
- Update On The Megatrend of Robotics - CTOvision (blog) - February 7th, 2017 [February 7th, 2017]
- 33C3: Edible Soft Robotics - Hackaday - February 7th, 2017 [February 7th, 2017]
- Shopping robots on the march in Ocado - BBC News - February 7th, 2017 [February 7th, 2017]
- Keller students Starstruck on robotics - Fort Worth Star Telegram - February 7th, 2017 [February 7th, 2017]
- Our obsession with robots keeps getting creepier - New York Post - February 7th, 2017 [February 7th, 2017]
- Rethink Robotics makes its workplace bots easier to train and redeploy - TechCrunch - February 7th, 2017 [February 7th, 2017]
- Donation will cover costs for Sequim robotic competition - Peninsula Daily News - February 8th, 2017 [February 8th, 2017]
- Derby Middle School robotics club competes at high school competition - The Derby Informer - February 8th, 2017 [February 8th, 2017]
- Raspberry Pi-powered arm: This kit aims to make robotics simple enough for kids - TechRepublic - February 8th, 2017 [February 8th, 2017]
- WPI Robotics Team Has a Mission with Mars | News | WPI - WPI News - February 8th, 2017 [February 8th, 2017]
- Rehab robotics field promises to return control, mobility to aging population - ScienceBlog.com (blog) - February 8th, 2017 [February 8th, 2017]
- Rethink's Robots Get Massive Software Upgrade, Rodney Brooks So Excited - IEEE Spectrum - February 8th, 2017 [February 8th, 2017]
- Robotics: A robot that flies like a bat : Nature : Nature Research - Nature.com - February 9th, 2017 [February 9th, 2017]
- Robotics teams at CCS stay busy at tournaments - Imperial Republican - February 9th, 2017 [February 9th, 2017]
- Rethink Robotics rethinks its software | ZDNet - ZDNet - February 9th, 2017 [February 9th, 2017]
- Hartland robotics teams take on the FIRST Tech challenge at state competition - LC Sussex Sun - February 9th, 2017 [February 9th, 2017]
- Home-schooled students studying robotics - Valencia County News Bulletin - February 9th, 2017 [February 9th, 2017]
- Agility Robotics Introduces Cassie, a Dynamic and Talented Robot Delivery Ostrich - IEEE Spectrum - February 9th, 2017 [February 9th, 2017]
- Memphis robotics team headed to Super-Regionals - New Baltimore Voice Newspapers - February 10th, 2017 [February 10th, 2017]
- Patriot Robotics Alliance upsets Brentwood Academy Alliances - Clarksville Now - February 10th, 2017 [February 10th, 2017]
- Raptor legs & human hips: Giant leap for walking robots - RT - February 10th, 2017 [February 10th, 2017]
- How drones and robotics may shape the future of conflict under President Trump - PRI - February 10th, 2017 [February 10th, 2017]
- Robotics teams wins at state meet - The Citizen.com - February 10th, 2017 [February 10th, 2017]
- Ford Bets $1B on Startup Founded by Waymo, Uber Vets - ABC News - February 10th, 2017 [February 10th, 2017]
- South Beach robotics squad advances to super regionals - The Daily World - February 11th, 2017 [February 11th, 2017]
- Personal robotics the next technological revolution: Dr Vivian Balakrishnan - Channel NewsAsia - February 11th, 2017 [February 11th, 2017]
- This bipedal robot could deliver your packages one day - The Verge - The Verge - February 11th, 2017 [February 11th, 2017]
- Robotics event offers lesson in teamwork - Lewiston Morning Tribune (subscription) - February 12th, 2017 [February 12th, 2017]
- Essex County Freeholders Honor Livingston Robotics Club Teams - TAPinto.net - February 12th, 2017 [February 12th, 2017]
- College Town: WPI Robotics team aims for $1M NASA prize - Worcester Telegram - February 12th, 2017 [February 12th, 2017]
- Alice Shaw robotics team building invention to save wolves | Local ... - Lompoc Record - February 12th, 2017 [February 12th, 2017]
- Ford invests $1B in robotics startup in driverless car quest - CBS News - February 12th, 2017 [February 12th, 2017]
- Freshman Caldwell team takes first place in Regional Robotics Tournament - Idaho Press-Tribune - February 12th, 2017 [February 12th, 2017]
- What went seriously wrong with Lily Robotics - VentureBeat - February 12th, 2017 [February 12th, 2017]
- Face off: Marion students compete in robotics competition - The Exponent Telegram (press release) (registration) - February 12th, 2017 [February 12th, 2017]
- Robotics Competition slated for Monday - San Angelo Standard Times - February 13th, 2017 [February 13th, 2017]
- Cornerstone Prep robotics team brings home trophy in first year - MDJOnline.com - February 13th, 2017 [February 13th, 2017]
- Center Grove robotics team headed to state competition - Daily Journal - February 13th, 2017 [February 13th, 2017]
- Hundreds piled into a Fort Mill gym. They cheered. They competed. They drove robots. - The Herald - February 13th, 2017 [February 13th, 2017]
- My Turn: Arts education paved the way for girls' robotics win - AZCentral.com - February 13th, 2017 [February 13th, 2017]
- Young Alberta engineers face off in robotics showdown - CBC.ca - February 13th, 2017 [February 13th, 2017]
- Cougar robotics team advances to Super-Regionals - Times Bulletin - Times Bulletin - February 13th, 2017 [February 13th, 2017]
- South Carroll Robotics teams compete at Maryland State Robotics Competition - Carroll County Times - February 13th, 2017 [February 13th, 2017]
- Cave Spring High School's Robotics Club wins in the First Tech ... - Roanoke Times - February 13th, 2017 [February 13th, 2017]
- FIRST Robotics Competition - Wikipedia - February 13th, 2017 [February 13th, 2017]
- Designing robots to look more like ostriches can solve a key problem for our future biped overlords - Quartz - February 14th, 2017 [February 14th, 2017]
- More than 1000 high school students expected to Battlefield HS robotics tournament - PotomacLocal.com - February 14th, 2017 [February 14th, 2017]
- Event to look at Scotland's pivotal role in robotics - The Scotsman - February 14th, 2017 [February 14th, 2017]
- Kennett Coders to compete in NH State Robotics Championships on Saturday - Conway Daily Sun - February 14th, 2017 [February 14th, 2017]
- Are there enough robots? - Robotics Tomorrow (press release) - February 15th, 2017 [February 15th, 2017]
- Girl Scouts of Southern Illinois robotics team makes state tournament - Alton Telegraph - February 15th, 2017 [February 15th, 2017]
- Intuition Robotics raised $6 million for its ElliQ elder care assistant robot - TechCrunch - February 15th, 2017 [February 15th, 2017]
- Richmond robotics team gears up for districts - New Baltimore Voice Newspapers - February 15th, 2017 [February 15th, 2017]
- Microsoft lets you crash drones and robots in its new real world simulator - The Verge - February 15th, 2017 [February 15th, 2017]
- Makeblock's Lego-like 'Neuron' teaches kids robotics and code - Engadget - February 15th, 2017 [February 15th, 2017]
- West Ridge robotics team maneuvers into national championship - Austin American-Statesman - February 15th, 2017 [February 15th, 2017]
- Immokalee High team set for robotics state championships Friday - Naples Daily News - February 16th, 2017 [February 16th, 2017]
- What has Robotics got in store for our future? - RTE.ie - February 16th, 2017 [February 16th, 2017]
- Uber Is Becoming a Robotics Company, CEO Says - Yahoo News - February 16th, 2017 [February 16th, 2017]
- 3Doodler's new kits help kids craft their own robots - Engadget - Engadget - February 16th, 2017 [February 16th, 2017]
- Magnetic Control Could Help Robots Navigate Inside Your Body - IEEE Spectrum - February 16th, 2017 [February 16th, 2017]
- Boston's new hub, MassRobotics, is like a WeWork for robotics startups - TechCrunch - February 16th, 2017 [February 16th, 2017]
- 3Doodler announces a robotics kit, Star Trek and Powerpuff Girls ... - TechCrunch - February 17th, 2017 [February 17th, 2017]
- Chart: Are Robots Replacing High-Cost Workers? - Seeking Alpha - February 17th, 2017 [February 17th, 2017]