The visit from the Minister for Trade and Export Promotion came at a pivotal moment for the company, which recently revealed its next-generation surgical robot, Versius. Versius has been designed by CMR Surgical’s Cambridge team to meet the complex requirements of minimal access surgery. The reveal followed a record-breaking Series-B funding round in June that raised $100 million; the largest ever Series-B raise by a medical device company in Europe.
Commenting on the visit, Baroness Fairhead said: “The Department for International Trade is delighted to support groundbreaking businesses such as CMR Surgical as they expand their overseas operations.
“Our Export Strategy is designed to support businesses who want to reach international markets. This support includes the highlighting of unique opportunities on GREAT.gov.uk, financing through UK Export Finance and support through our overseas network and our sector teams and Export Champions in the UK.”
Martin Frost, CEO, CMR Surgical, said: “We were extremely pleased to welcome Baroness Fairhead to our offices. As a British company with global ambitions, we appreciated the opportunity to discuss our plans in detail and we look forward to continuing our dialogue with the Government into the future.”
CMR Surgical has more than doubled in size in twelve months and now employs over 250 people. The company is currently undergoing validation studies for regulatory approval processes in Europe. Versius will be used in hospitals in the UK and continental Europe in the next year, with wider international expansion shortly afterwards.
Image: Baroness Fairhead & Martin Frost