HOZ Medical Bags Nearly ￥100M in Series B Funding Round

According to VCBeat, HOZ Medical, a neurosurgical robot R&D company, announced the completion of its Series B financing of nearly ￥100 million, led by SDIC Unity Capital, with participation from Lenovo Capital & Incubator Group, Huaxing Capital as a long-term partner of HOZ Medical. Proceeds from this round will be used to market the licensed products, develop and upgrade the technology platform, and expand other pipelines.

Founded in 2000, HOZ Medical is a Beijing-based neurosurgical robot developer and an industrialization base of intelligent robots in the national high-tech research and development plan (863 Plan).  It focuses on the clinical application of frameless stereotactic radiosurgery in neurosurgery, to design medical robots for craniocerebral surgery.

The core product of HOZ Medical is the frameless stereotactic system of brain surgery, CAS-R-2, which is the earliest medical robot with completely independent intellectual property rights in China and the first domestic product to enter the Chinese market. The product has won the second prize in the "National Science and Technology Progress Award".

CAS-R-2 is used to assist the frameless stereotactic craniotomy surgery, consisting of the surgical navigation software, 5 DOF mechanical arm, and open surgical tools, covering the whole surgical procedures, which can help doctors make surgical planning, accurately locate the lesion, improve the safety of operation, shorten the operation time and the recovery time of patients.

Since its establishment, HOZ Medical has raised three rounds of financing. Previously, the company has got 50 million yuan in a funding round led by Tasly Capital, and tens of millions yuan in its Series A round led by Tongsheng Capital.

SDIC Unity Capital is a professional guidance fund and parent fund management platform of SDIC Group. It focuses on equity investment in forward-looking and strategic emerging industries and management of parent funds and government-guided funds.

Founded in 2016, LCIG is an accelerator and venture capital firm as a subsidiary of Lenovo. The company focuses on future-oriented investment in the technology industry, including IoT, edge computing, cloud, big data, artificial intelligence, vertical industry, and consumption upgrading.