Funding round
Cornerstone Robotics Series C
Cornerstone Robotics, which works in robotic surgical technology development in Waltham, raised $70M in a Series C round announced on 13 Jan 2025, led by EQT. 8 firms took part. It is Cornerstone Robotics' second venture round on record; the one before was a Series B in Nov 2021.
$70M
Amount raised
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Cornerstone Robotics did not disclose a valuation in this round. It came 38 months after Cornerstone Robotics' Series B. It is 6.7% of the $1.04B Cornerstone Robotics has raised in the venture rounds on record. Cornerstone Robotics raised again 10 months later: a Growth round of $200M in Nov 2025.
Investors
Who put money in
EQT led the round with 7 other firms.
Lead investor
- EQT backs 99 venture-backed companies new investor
Also in the round
- backs 73 venture-backed companies new investor
- backs 46 venture-backed companies new investor
- Innovation and Technology Venture Fund new investor
- eGarden Ventures new investor
- CTS Funds new investor
- backs 13 venture-backed companies new investor
- Long-Z Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
34 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $39M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 7 Jan 2025 | $80M | not disclosed | Arboretum Ventures and Solas BioVentures |
| Medical Supply Manufacturers | 27 Jan 2025 | $6.8M | not disclosed | Stanmore Medical Investments |
| Medical Supply Manufacturers | 11 Dec 2024 | $110M | not disclosed | Eclipse |
| Medical Supply Manufacturers | 2 Dec 2024 | $33M | not disclosed | Amadeus Capital and Meltwind Advisory |
| Medical Supply Manufacturers | 13 Mar 2025 | $75M | not disclosed | Institutional Venture Partners |
| Medical Supply Manufacturers | 20 Mar 2025 | $30M | not disclosed | Steele Foundation for Hope |
| Medical Supply Manufacturers | 18 Nov 2024 | $24M | not disclosed | Cook Medical |
| Medical Supply Manufacturers | 22 Apr 2025 | $100M | not disclosed | Alpha Wave Global |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Cornerstone Robotics raise in its Series C round?
Cornerstone Robotics raised $70M in its Series C round, announced in Jan 2025.
Who led Cornerstone Robotics' Series C round?
EQT led it, with Qiming Venture Partners, Alpha JWC Ventures, Innovation and Technology Venture Fund, eGarden Ventures and CTS Funds and 2 more.
What was Cornerstone Robotics' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
34 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $39M, and this round was 1.8 times the median.
Did Cornerstone Robotics raise again after this round?
Yes: a Growth round in Nov 2025 of $200M.