Mendaera, a Silicon Valley-based healthcare technology firm, has announced the completion of a $73 million Series B funding round led by Threshold Ventures, with additional contributions from Lux Capital, PFM Health Sciences, and Fred Moll, the founder of Intuitive Surgical and Auris Health.

This investment will help Mendaera advance its mission to integrate robotics and AI into everyday medical procedures.

The healthcare industry is facing a significant supply and demand challenge, primarily due to a shortage of healthcare providers and increasing costs.

This situation is particularly acute for commonly performed procedures such as biopsies, organ and vascular access, and pain management interventions, which are crucial at various stages of patient care.

This "messy middle" of healthcare often leads to bottlenecks and higher expenses, as the shortage of skilled proceduralists makes it difficult to deliver timely care. While other industries have effectively utilized robotics to enhance productivity and quality, healthcare has mainly reserved robotic technology for specialized surgeries.

Mendaera is pioneering a new approach in medical robotics by making advanced technologies available for routine procedures. Its handheld interventional platform integrates robotics, AI, real-time imaging, and virtual connectivity, aiming to be versatile across multiple specialties and service locations.

This innovation seeks to meet the rising demand for needle-based interventions and improve the quality of care for millions of patients annually.

The company plans to use the new funding to finalize the development of its robotic technology, enhance its AI and connectivity capabilities, and begin clinical trials of its platform.

Earlier this year, Mendaera acquired Avail Medsystems' telepresence technology to bolster its virtual connectivity offerings. In addition, Mendaera entered into a commercial agreement with Butterfly Network, a provider of point-of-care ultrasound solutions, in 2023.





Source: businesswire.com

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