Funding round
CMR Surgical Series B
CMR Surgical, which works in surgical robotics solutions development in Cambridge, raised $100M in a Series B round announced on 21 Jun 2019. It is CMR Surgical's second venture round on record; the one before was a Series A in Sep 2017.
$100M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
CMR Surgical did not disclose a valuation in this round. It came 21 months after CMR Surgical's Series A. It is 5.7% of the $1.76B CMR Surgical has raised in the venture rounds on record. CMR Surgical raised again 6 months later: a Series C round of $252M in Dec 2019. Its next priced round, a Series D in Jun 2021, valued it at $3.00B.
CMR Surgical's funding rounds
CMR Surgical has 7 venture rounds on record. This one is highlighted.
Comparable rounds
How it compares
52 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $19M, and this round was 5.4 times the median. The closest in time, other companies' Series B rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 19 Jun 2019 | $67M | not disclosed | Dassault Systèmes |
| Medical Supply Manufacturers | 25 Jun 2019 | $15M | not disclosed | 3×5 Partners and 3x5 Partners |
| Medical Supply Manufacturers | 8 May 2019 | $30M | not disclosed | Transformation Capital and LTP |
| Medical Supply Manufacturers | 3 Jul 2019 | $7.9M | not disclosed | not named |
| Neuralink Medical Supply Manufacturers | 15 Apr 2019 | $51M | not disclosed | not named |
| Medical Supply Manufacturers | 2 Apr 2019 | $42M | not disclosed | IPGL |
| Medical Supply Manufacturers | 16 Apr 2019 | $36M | not disclosed | RC Capital |
| Medical Supply Manufacturers | 5 Aug 2019 | $35M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did CMR Surgical raise in its Series B round?
CMR Surgical raised $100M in its Series B round, announced in Jun 2019.
What was CMR Surgical's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Medical Supply Manufacturers?
52 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $19M, and this round was 5.4 times the median.
Did CMR Surgical raise again after this round?
Yes: a Series C round in Dec 2019 of $252M.