The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe

Virtual Incision raises $18m in Series B

By Fink Densford | December 13, 2017

Virtual IncisionVirtual Incision said today it raised $18 million in a Series B funding round to support FDA 510(k) submission for its next-gen minimally-invasive robotically assisted surgical device.

The round was co-led by newly invested Sinopharm Capital and existing investor BlueStem Capital and was joined by PrairieGold Venture Partners and other investors, the company said.

“Closing this round of financing launches the development of our miniaturized surgical robot toward our next key milestones, including submission to the FDA for market clearance. We sincerely appreciate the support from all of our investors, who clearly understand the tremendous potential of our surgical robotics program and provide vital input to our team and company,” CEO John Murphy said in prepared remarks.

The Virtual Incision RASD is being designed to facilitate less-invasive general surgery abdominal procedures that are normally performed through large, open incisions including multi-quadrant surgeries, the company said.

The system features a small, self-contained surgical robot which is designed to be inserted through an umbilical incision in the patient’s abdomen, Virtual Incision said. The platform is designed to use existing tools and techniques to reduce the need for specialized equipment and infrastructure.

“The large footprint and dedicated operating suite required to house multi-port or single-port mainframe robots can limit access, especially in smaller hospitals that have only one robotic surgery system. In contrast, our robot is designed to be moved from suite to suite as needed, providing the surgical staff with much more flexibility when it comes to the tools being used during a procedure. Our objective is to significantly reduce operating room complexity, with a goal of better clinical outcomes for patients,” co-founder & chief technology officer Shane Farritor said in a prepared statement.

Virtual Incision said the RASD was successfully used for the first time in a colon resection surgery outside the US in 2016 as part of its safety and feasibility trials.

“Virtual Incision is committed to developing a family of simpler and more cost-effective robotic options targeting multiple procedures including gallbladder removal, hernia repair, colectomy and similar abdominal surgeries. Our elegant technologies will help eliminate the complex and costly surgical robot options currently available, which can weigh nearly 2,000 pounds. Virtual Incision will provide minimally invasive options in a cost-effective and streamlined two-pound package,” co-founder & chief medical officer Dr. Dmitry Oleynikov said in a press release.

Tell Us What You Think! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles Read More >

A stock image of a surgical robot operating on a patient.
NHS plans to cut waitlist times by expanding access to robotic surgeries
A person wearing a Wandercraft exoskeleton catching a ball thrown to them by a woman in white.
Wandercraft raises $75M to scale exoskeletons, humanoids
An illustration of the histotripsy procedure.
HistoSonics Edison system gains early market access in the U.K.
Dean Kamen and Mark Martin at Robotics Invest 2024.
Cybernetix Ventures raising $100M fund for robotics and physical AI

RBR50 Innovation Awards

“rr
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for Robotics Professionals.
The Robot Report Listing Database

Latest Episode of The Robot Report Podcast

Automated Warehouse Research Reports

Sponsored Content

  • Sager Electronics and its partners, logos shown here, will exhibit at the 2025 Robotics Summit & Expo. Sager Electronics to exhibit at the Robotics Summit & Expo
  • The Shift in Robotics: How Visual Perception is Separating Winners from the Pack
  • An AutoStore automated storage and retrieval grid. Webinar to provide automated storage and retrieval adoption advice
  • Smaller, tougher devices for evolving demands
  • Modular motors and gearboxes make product development simple
The Robot Report
  • Automated Warehouse
  • RoboBusiness Event
  • Robotics Summit & Expo
  • About The Robot Report
  • Subscribe
  • Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search The Robot Report

  • Home
  • News
  • Technologies
    • Batteries / Power Supplies
    • Cameras / Imaging / Vision
    • Controllers
    • End Effectors
    • Microprocessors / SoCs
    • Motion Control
    • Sensors
    • Soft Robotics
    • Software / Simulation
  • Development
    • Artificial Intelligence
    • Human Robot Interaction / Haptics
    • Mobility / Navigation
    • Research
  • Robots
    • AGVs
    • AMRs
    • Consumer
    • Collaborative Robots
    • Drones
    • Humanoids
    • Industrial
    • Self-Driving Vehicles
    • Unmanned Maritime Systems
  • Business
    • Financial
      • Investments
      • Mergers & Acquisitions
      • Earnings
    • Markets
      • Agriculture
      • Healthcare
      • Logistics
      • Manufacturing
      • Mining
      • Security
    • RBR50
      • RBR50 Winners 2025
      • RBR50 Winners 2024
      • RBR50 Winners 2023
      • RBR50 Winners 2022
      • RBR50 Winners 2021
  • Resources
    • Automated Warehouse Research Reports
    • Digital Issues
    • eBooks
    • Publications
      • Automated Warehouse
      • Collaborative Robotics Trends
    • Search Robotics Database
    • Videos
    • Webinars / Digital Events
  • Events
    • RoboBusiness
    • Robotics Summit & Expo
    • DeviceTalks
    • R&D 100
    • Robotics Weeks
  • Podcast
    • Episodes
  • Advertise
  • Subscribe