IDG backs China surgical robot start-up
IDG Capital has joined a Series A round of several hundred million renminbi for China’s Sustao, which is developing a platform for fully automating surgical robots.
Healthcare-focused LYZZ Capital and Jifeng Ventures led the round. Proceeds will be used to build out the platform and advance clinical trials for relevant products.
Sustao was founded last year with a view to creating an ecosystem of intelligent consumables for surgical robots. The idea is to realize full automation, reduce the workload for doctors, and improve surgical efficiency through technologies such as hybrid robotic arms and visible light navigation systems.
The company has deployed more than 10 such products across medical aesthetics, tumours, and vascular intervention. It claims these products are differentiated from the bulk of comparable tools in China, which are primarily limited to basic functions around navigation, positioning, and assistance.
"After hundreds of years of development, the existing surgical tools and consumables have gradually reached the optimal solution under manual operation, and it is difficult to achieve further breakthroughs based on existing design ideas,” CEO Situ Yang said. “I hope that Sustao will be company that redefines surgical tools and consumables."
Recent investment activity in this space includes a Series D of approximately USD 100m last December for RainMed Medical, a company that specialises in panvascular interventional robotics. Ping An Capital led the round.
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