Cambridge Medical Robotics is a private company developing the next-generation universal robotic system for minimal access surgery. Our vision is to make minimal access (or keyhole) surgery universally accessible and affordable by significantly expanding the range of procedures that can be performed robotically. CMR successfully completed preliminary cadaveric trials in May 2016, which will inform further cadaveric, animal and first-in-human trials. CMR’s technology will transform the existing market for surgical robotics. Global annual revenues for robot-assisted minimal access surgery are presently approximately $4 billion and are anticipated to reach $20 billion by 2025 ('Industry Forecast, Accuray Research'). Cambridge Medical Robotics has grown rapidly since incorporation in 2014 and has its headquarters in Cambridge, United Kingdom. The company achieved the registration of its Quality Management System to ISO 13485:2003 by Underwriters Laboratories LLC® (‘UL’) and the status as a UL Registered Firm in September 2015.
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Type
Private
HQ
Coton, GB
Founded
2014
Size (employees)
150 (est)+11%
Cambridge Medical Robotics was founded in 2014 and is headquartered in Coton, GB
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Key People/Management at Cambridge Medical Robotics

Martin Frost

Martin Frost

Chief Executive Officer
Erik Langaker

Erik Langaker

Chairman
Keith Marshall

Keith Marshall

Engineering Director
Paul Roberts

Paul Roberts

Operations Director
Mark Slack

Mark Slack

Medical Director
Steve Bell

Steve Bell

Commercial Director
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Cambridge Medical Robotics Office Locations

Cambridge Medical Robotics has offices in Cambridgeshire, Madingley and Coton
Cambridgeshire, GB
Madingley Rd
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Cambridge Medical Robotics Financials and Metrics

Summary Metrics

Founding Date

2014

Total Funding

$20.3 m

Latest funding size

$20.30 m

Time since last funding

2 years ago

Investors

Cambridge Medical Robotics's latest funding round in July 2016 was reported to be $20.3 m. In total, Cambridge Medical Robotics has raised $20.3 m

Cambridge Medical Robotics Financials

GBP

Net income (FY, 2017)

(7.7 m)

EBITDA (FY, 2017)

(9.6 m)

EBIT (FY, 2017)

(10 m)

Cash (31-Dec-2017)

9.9 m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

EBITDA

(3.6 m)(6.3 m)(9.6 m)

EBIT

(1.3 m)(3.8 m)(6.5 m)(10 m)

Pre tax profit

(1.4 m)(3.9 m)(6.9 m)(11.3 m)

Income tax expense

285 k858 k1.5 m3.6 m
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Cash

497 k122 k3.4 m9.9 m

Inventories

854 k

Current Assets

867 k1.4 m5.4 m16.7 m

PP&E

282 k390 k511 k926 k
GBPFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(1.1 m)(3.1 m)(5.3 m)(7.7 m)

Cash From Operating Activities

(1.3 m)(3.1 m)(5.4 m)(7.9 m)

Cash From Financing Activities

2.1 m3.1 m9.4 m24.2 m

Net Change in Cash

497 k(375 k)3.3 m6.4 m
GBPY, 2017

Financial Leverage

1.9 x
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