Funding round
Cornerstone Robotics Series B
Cornerstone Robotics, which works in robotic surgical technology development in Waltham, raised $75M in a Series B round announced on 23 Nov 2021. 7 firms took part. It is Cornerstone Robotics' first venture round on record.
$75M
Amount raised
Not disclosed
Post-money valuation
7
Investors
no lead named
Valuation
What this round says about the price
Cornerstone Robotics did not disclose a valuation in this round. It is Cornerstone Robotics' first venture round on record, 2 years after it was founded in 2019. It is 7.2% of the $1.04B Cornerstone Robotics has raised in the venture rounds on record. Cornerstone Robotics raised again 38 months later: a Series C round of $70M in Jan 2025.
Investors
Who put money in
7 firms took part; no lead investor was named.
Investors
- New World Development new investor
- Lilly Asia Ventures new investor
- DragonBall Capital new investor
- Tsing Song Capital new investor
- backs 23 venture-backed companies new investor
- backs 73 venture-backed companies new investor
- backs 13 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and sales and marketing.
- Product development
- Sales and marketing
Comparable rounds
How it compares
91 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $21M, and this round was 3.7 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 | 2 Nov 2021 | $100M | not disclosed | RiverVest |
| Medical Supply Manufacturers | 11 Nov 2021 | $36M | not disclosed | not named |
| Medical Supply Manufacturers | 18 Nov 2021 | $16M | not disclosed | not named |
| Medical Supply Manufacturers | 17 Nov 2021 | $8.0M | not disclosed | Builders VC |
| Medical Supply Manufacturers | 16 Dec 2021 | $100M | not disclosed | RA Capital |
| Medical Supply Manufacturers | 21 Oct 2021 | $43M | not disclosed | 7wire Ventures |
| Medical Supply Manufacturers | 28 Oct 2021 | $34M | not disclosed | Gudu Medical |
| Medical Supply Manufacturers | 1 Dec 2021 | $31M | $63M | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cornerstone Robotics raise in its Series B round?
Cornerstone Robotics raised $75M in its Series B round, announced in Nov 2021.
Which investors took part in Cornerstone Robotics' Series B round?
New World Development, Lilly Asia Ventures, DragonBall Capital, Tsing Song Capital, Gaorong Ventures and Qiming Venture Partners and 1 more.
What was Cornerstone Robotics' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Medical Supply Manufacturers?
91 Series B rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $21M, and this round was 3.7 times the median.
Did Cornerstone Robotics raise again after this round?
Yes: a Series C round in Jan 2025 of $70M.