Tech Company Financing Transactions
Galen Robotics Funding Round
Galen Robotics secured a $15 million Series A funding round on 11/1/2022. Investors included Ambix Healthcare Partners.
Transaction Overview
Company Name
Announced On
11/1/2022
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Series A
Investors
Ambix Healthcare Partners (Lead Investor)
Proceeds Purpose
The Series A helped complete the final robot prototype, and submission to FDA. Funds will also be used to develop a clinical sales team, expand engineering, grow product development, and develop surgeon training programs.
Company Information
Company Status
Private & Independent
Industry
Robotics
Mailing Address
1100 Wicomico St 725
Baltimore, MD 21230
USA
Baltimore, MD 21230
USA
Phone
Website
Email Address
Overview
The mission of Galen Robotics is to make surgeon's lives easier through assistive technology in the operating room. To fulfill that vision, the company has developed a surgical robotic platform intended to fill unserved needs in the current surgical robotics market, including neurosurgery, otolaryngology, tissue reconstruction, intrauterine brain, and spine surgery. The Galen platform is designed to work with standard surgical instruments, improving stability and ergonomics in a variety of narrow corridor and minimally invasive procedures. Galen Robotics recently filed for clearance with the FDA for the first of many anticipated indications for the platform. Upon clearance, the company expects to be the first to launch a surgical robotic platform "as a service."
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bruce Lichorowic
Chief Technical Officer
Dave Saunders
VP - Product Management
Barry Voorhees
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