Myomo today priced an upcoming offering, looking to raise approximately $10 million to support its myoelectric braces and orthotics designed for individuals with neuromuscular disorders. In the offering, the Cambridge, Mass.-based company is looking to float approximately 4.2 million shares and warrants to purchase an additional 4.2 million shares at $2.40 per share. Warrants offered…

A Chinese robotic and artificial intelligence platform has passed the country’s national medical licensing examination, according to a report from Futurism. The Xiaoyi robotic platform, developed by AI-company iFlytek, was originally designed to capture and analyze patient information. But the system was also able to pass the licensing test with a score of 456, 96…

Titan Medical (TSX:TMD) said today it has increased the size of its previously announced offering to between $14.1 million (CDN $18 million) and $18 million (CDN $23 million), up from between $10.2 million (CDN $13 million) and $11.7 million (CDN $15 million). The Toronto-based company said it is looking to offer units at approximately 39¢ (CDN…

Myomo said late last week it is looking to raise approximately $17.4 million in a new offering of shares and warrants to support its myoelectric braces and orthotics designed for individuals with neuromuscular disorders. In the offering the company plans to float approximately 1.5 million shares of common stock and warrants to purchase an additional…

The surgical robotics market in the US has finally become competitive. In October, the FDA granted clearance to only the second robotic surgical system to date – the TransEnterix Senhance laparoscopic platform. The clearance was a huge milestone for the Morrisville, N.C.-based company and was quickly followed by yet another – almost exactly a month…

Titan Medical (TSX:TMD) today touted the 1st use of its Sport robotic surgical platform in a preclinical feasibility and validation trial at Columbia University Medical Center’s surgical simulation center in New York. The Toronto-based company said the device had completed “critical surgical tasks integral to successful performance in gynecologic procedures” using the prototype Sport system. The demonstration…

Researchers at two academic facilities are aiming to create a first-of-its-kind bioengineered robotic hand that can grow and adapt to its environment, equipped with a living pathway to translate the robots touch sensation to the user’s brain. Teams from both Florida Atlantic University and the University of Utah School of Medicine said they have received…

Titan Medical (TSX:TMD) today priced a previously announced offering of units, looking to raise between $10.2 million (CDN $13 million) and $11.7 million (CDN $15 million) by floating units at 39¢ (CDN 50¢) each. Each unit in the offering is comprised of one common share of the company and the purchase warrant for an additional…

Smith & Nephew (NYSE:SNN) said yesterday it launched a bi-cruciate retaining total knee replacement application for its Navio handheld robot-assisted platform. With the launch, the UK-based orthopedics giant will now offer both partial and total knee options for the Navio, including what it touts as the 1st and only robotics-assisted bi-cruciate retaining knee procedure commercially available.…

Titan Medical (TSX:TMD) late last week reported its third quarter financial results, touting that the the company met all its published milestones for the fiscal quarter. The Toronto-based medical robotics company said it already has two facilities using its Sport platform for preclinical feasibility and validation studies and that it plans to launch additional studies…

Robotic surgical giant Intuitive Surgical (NSDQ:ISRG) opened the doors this week on a new $8.9 million surgical innovation training center on South Korea, according to a Korea Herald report. The new 39,008-square-foot center is located inside the Sangam DMC High-Tech Industry Center in Seoul and features five training stations with a total of seven da…

Intuitive Surgical (NSDQ:ISRG) today presented results from the first clinical trial of its new flexible robotics platform, touting that the system was found to be safe and effective at sampling lung tissue. Findings were presented at the American College of Chest Physicians CHEST annual meeting this week and published in the CHEST Journal. The new robotic-assisted,…

Robotic knee surgery platform developer OmniLife Science said today it began testing on its OmniBotics active spacer robotic tissue balancing device at 3 US sites after having won FDA 510(k) clearance in September. The Raynham, Mass.based company said its OmniBotics active spacer is designed to allow surgeons performing total knee surgeries to quantitatively manage the…

Titan Medical (TSX:TMD) said today it added an approximate $300,000 to a private placement round that closed earlier this month alongside raising $6.5 million (CDN $8.4 million) from exercising share purchase warrants. The Toronto-based robotic surgical platform developer said that it raised a total of $2.6 million (CDN $3.3 million) through the placement of 13.4 million…

Stealthy autonomous construction equipment developer Built Robotics this week revealed its technology platform alongside a $15 million funding round led by New Enterprise Associates, according to a CNBC report. The San Francisco-based company put on a demonstration of its technology, intended to convert existing excavators to autonomous robots that can operate for hours without a…

Titan Medical (TSX:TMD) said today it raised $2.3 million (CDN $2.9 million) in a private placement round looking to support continued development of its Sport robotic surgical system. In the offering, the Toronto-based company said it floated 11.5 million common shares at 20¢ (CDN 25¢) per share to a group including more than a dozen robotic surgeons…

Shares in Intuitive Surgical (NSDQ:ISRG) rose today after the robotic surgical platform maker handily topped expectations on Wall Street with its 3rd quarter earnings results. The Sunnyvale, Calif.-based company posted profits of $297.5 million, or $2.55 per share, on sales of $806.1 million for the 3 months ended September 30, for bottom-line growth of 34.3% while…

Currently, no autonomous loading or unloading systems exist and cargo missions require manual unloading and loading from air vehicles.

Industrial robotics software firm Veo Robotics has raised $12 million in a Series A round led by GV, formerly Google Ventures, according to the Boston Business Journal. GV was joined in the funding round by Lux Capital, according to the Boston Business Journal. As part of the round, Lux Capital’s Bilal Zuberi and GV’s Andy…

Sheraton’s Los Angeles San Gabriel Hotel said this week it plans on opening the hotel next January with 8 Aethon TUG robots slated to guide guests and deliver in-house services. More normally seen in hospitals, the TUG robots will navigate the hotel using an internal built-in map alongside sensors that allow it to move around…

Sigdo Koppers Group subsidiary Enaex said this week it launched the Robominer teleoperated robot designed for mine safety and exploration. The Robominer platform, developed in collaboration with SRI International, is designed with an intent to improve miner safety and increase access to minerals which are difficult or expensive to reach with human workers. “SRI is…

Israeli robotics company FFRobotics is aiming to release a robotic apple picker to the market by the end of 2018 or the beginning of 2019, according to a CapitalPress report. The robotic apple picking platform aims to address a shortening supply of human pickers in fruit producing areas, according to the report. CEO Avi Kahani…