Tuesday, July 7, 2015

PROCEPT BioRobotics Finds $42M

Redwood Shores-based PROCEPT BioRobotics, which develops medical devices which use waterjets to remove tissue to treat lower urinary tract issues, has raised $42M in a funding round. The funding was led by Novo A/S, and also included CPMG and existing investors. PROCEPT said the fundingw ill go towards commercial launch of its product in international markets. PROCEPT BioRobotics is led by Nikolai Aljuri.