Ronovo Surgical Raises Over $50M for Cross-Specialty Robotic Surgery Technology

Ronovo Surgical, a Shanghai-based developer of broad cross-specialty robotic-assisted surgery (RAS) technology, has successfully closed a new round of financing, raising its total funds to more than $50 million since 2020. The latest financing round was led by LongRiver Investments, with participation from existing investors Lilly Asia Ventures, Vivo Capital, Matrix Partners China, and GGV Capital. CEC Capital acted as the exclusive financial advisor for the transaction.

With the new funding, Ronovo is excited to exit "stealth mode" and unveil its inaugural Carina robotic platform. Carina is a modular system built on proprietary technology that enables configurable robotic assistance for laparoscopic surgeries across multiple specialties. This innovative platform aims to democratize robotic surgery and address numerous pain points in minimally invasive surgeries, providing surgeons with the flexibility to choose the best instruments and anatomical access.

Ronovo is now among the many companies, both large and small, seeking to compete with Intuitive in the soft-tissue robotic surgery space. The company's oversubscribed financing round will accelerate the multi-discipline clinical trial for Carina, strengthen R&D and clinical applications development, and bolster its talent base.

Developed in collaboration with renowned Chinese laparoscopic surgeons, Carina minimizes equipment footprint to maximize the utilization of operating room space. Surgical teams can choose between three-module or four-module configurations, and surgeons have a full suite of instruments from which to choose. This flexibility allows surgeons to leverage their prior laparoscopic training and improve upon their surgical performance.

Dr. John Ma, founder, chair, and CEO of Ronovo, expressed gratitude to the company's investors for their confidence in Ronovo's mission to democratize robotic surgery. "From inception, we have stayed true to our belief that innovation must start from an original pursuit to solve actual unmet clinical needs," he said.

As Ronovo Surgical continues to make strides in the robotic-assisted surgery market, the demand for skilled robot workers and professionals in the field is expected to grow. Those seeking a robot job or looking to hire a robot worker can find ample opportunities in this expanding industry, as companies like Ronovo push the boundaries of surgical technology and improve patient outcomes.