Friday, March 1, 2024

Surgical robotics company Medical Microinstruments secures $110M and more digital health fundings

Medical Microinstruments, a surgical robotics company, announced it secured $110 million in a Series C financing round led by Fidelity Management & Research Company, with participation from existing investors.

The company offers its Symani Surgical System, a robotic technology for microsurgery and supermicrosurgery. The system allows surgeons to replicate the movement of a human hand at a micro level during soft-tissue and open surgery procedures. 

The Florida-based company will use the funds to support the commercialization of its robotic system and perform clinical studies.   

“Against a backdrop of plateauing investments in medical robotics, this support builds on our confidence in a new, less invasive solution for open surgery, a significant market that can benefit from the smallest wristed microinstruments,” Mark Toland, CEO of MMI, said in a statement.

“Our Symani Surgical System is uniquely positioned to expand patient access to care by accelerating the number of surgeons able to perform complex, delicate procedures. With the support of our investors, we will continue to advance our technology through a growing body of clinical evidence and expanded hospital partnerships.”

Hybrid youth mental health company Blackbird Health announced it secured $17 million in Series A funding, bringing its total raise to $23 million. 

Define Ventures led the round, with participation from Frist Cressey and GreyMatter. 

Blackbird Health offers kids and young adults tech-enabled virtual and in-person in-network mental health care for social, developmental, emotional and school-related issues.

The company has three brick-and-mortar clinics, two in Pennsylvania and one in Virginia. 

The Pittsburgh-based company will use the funds to scale its offerings, build its technology, and scale nationwide. 

“We are rapidly growing our services and technology capabilities throughout this year and plan to expand, using a community-centered approach that partners with pediatricians and other stakeholders in each region,” Tom Peterson, Blackbird Health’s CEO and former COO and cofounder of Evolent Health, said in a statement.

“We also are building our team and will be the talent destination for clinicians who want to work in a truly integrated, multidisciplinary model of care that can transform how kids are understood and treated through in-person and virtual services.”

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