Japan-based medical robot developer Riverfield has secured ¥1.2bn ($10.1m) in a series B round led by Toray Engineering, a subsidiary of industrial products conglomerate Toray Group, Nikkei Asian Review has reported.
SBI Investment, a subsidiary of financial services firm SBI Holdings, also participated in the round alongside investment firm Jafco and venture capital firm Beyond Next Ventures.
Founded in 2014 at Tokyo Institute of Technology, Riverfield is developing a robot that can assist with delicate surgical procedures that require minute movements. It uses air pressure technology to create a sense of touch that will make such operations easier.
Riverfield plans to launch its robot in Japan by 2020 at half the price of competitors currently on the market. The company had previously raised $2m in funding from Jafco in 2014.