Shorya Awtar's Parallel Robotics discloses $7.3M for handheld surgical robotics
The offering follows FDA clearance for MediBot, a hand-held laparoscopic needle driver controlled by the surgeon at the bedside.
By RuntimeWire Staff · Published
Primary source: U.S. Securities and Exchange Commission
Why it matters
Parallel Robotics has paired an FDA-cleared handheld laparoscopic device with licensed university intellectual property, a $305,000 NSF award and $7.31M in securities sold. It now has to prove that surgeons and hospitals will adopt MediBot.
University of Michigan professor Shorya Awtar has disclosed $7.31 million in securities sold by Parallel Robotics, according to a Form D filed with the SEC on September 21st. The Ann Arbor surgical-device developer is seeking $11.31 million in total, leaving roughly $4 million of the offering open.…
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