Mendaera Raises $73M to Scale Robotics and AI for Medical Procedures
Mendaera is at the forefront of medical robotics, providing innovative solutions for healthcare systems and providers to improve patient care through robotic and AI technologies.
Company Name: Mendaera
Location: San Mateo, CA
Sector: Healthcare Technology, Medical Robotics
Funding Details: Raised $73M in Series B funding, led by Threshold Ventures with participation from Lux Capital, PFM Health Sciences, and Fred Moll (founder of Intuitive Surgical and Auris Health).
Purpose of Investment: The company intends to use the funds to scale robotics and AI across mainstream medical procedures.
Product and Innovation: Led by CEO and Founder Josh DeFonzo, Mendaera is developing a handheld robotic interventional platform that integrates robotics, AI, real-time imaging, and virtual connectivity. The platform is designed to be accessible across various specialties and service sites, allowing healthcare providers to meet the growing demand for needle-based interventions. Mendaera’s goal is to make cutting-edge robotic technologies more available for everyday medical procedures.
Recent Developments: Earlier in 2023, Mendaera expanded its portfolio by acquiring telepresence technology from Avail Medsystems. The company also announced a commercial agreement with Butterfly Network, a point-of-care ultrasound company.
About the Company: Mendaera is at the forefront of medical robotics, providing innovative solutions for healthcare systems and providers to improve patient care through robotic and AI technologies.