Virtual Incision Corp. raised $2 million in a Series A funding round.
The surgical robotics developer said the financing will be used to develop prototypes for its single-incision laparoscopy device platform.
Virtual Incision said its technology employs existing surgical tools and techniques that surgeons are already familiar with, and plans for colon resection procedures to be its device’s first application.
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The company also announced the establishment of its headquarters in Lincoln, Nebraska, not far from the University of Nebraska, through which the company exclusively licenses its technology. The company’s founders, Shane Farritor and Dr. Dmitry Oleynikov, are both professors at the school.
The funding round was lead by Sioux Falls, South Dakota-based PrairieGold Venture Partners and Bluestem Capital Company LLC, according to the company.
The Massachusetts Medical Devices Journal is the online journal of the medical devices industry in the Commonwealth and New England, providing day-to-day coverage of the devices that save lives, the people behind them, and the burgeoning trends and developments within the industry.
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