Daily News: March 25, 2013

Hercules Technology Closes Financing for Medrobotics

Medrobotics Corporation announced the recent closing of up to $10 million in new debt financing from Hercules Technology III, an affiliate of Hercules Technology Growth Capital. The financing precedes Medrobotics’ anticipated commercial launches in Europe and the United States.

Raynham, MA-based Medrobotics Corporation is a privately-held company that is developing and commercializing the Flex Robotic System, a robotic-assist platform that enables surgeons to gain single-site access and visualization to difficult-to-access anatomical locations.