Manufacturer robots with Gates investments began preparations for listing

News

Manufacturer robots with Gates investments began preparations for listing

27.03.2021 News

Medical robotics developer Vicarious Surgical with Bill Gates’ investment is planning a listing. The manufacturer is negotiating a merger with SPAC-company D8 Holdings, according to Bloomberg, citing its sources.

The parties are discussing a merger, which could result in a $ 1.1 billion valuation of the combined company. Negotiations are currently underway, an anonymous source told Bloomberg that there is no final decision and the companies may stop discussing the deal.

Vicarious Surgical develops robots for surgery. According to the creators of the startup, not every hospital can afford expensive surgical equipment, which also often takes up a lot of space – so the company expects to attract customers with less expensive and less cumbersome solutions.

A person can control such works with the help of augmented reality. They are miniature robotic human hands, which the surgeon is able to remotely control with the help of controllers and VR-helmet, being hundreds of kilometers from the site of operation.

Graduates of the Massachusetts Institute of Technology founded the startup in 2014. By 2019, the company managed to raise about $ 31.8 million. The startup received part of the money from the fund of Microsoft co-founder Bill Gates – Gates Frontier.

D8 Holdings was listed on the New York Stock Exchange in July 2020. Then they managed to raise $ 345 million.

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