The terms and the amount of the trasaction were not disclosed.
The company intends to use the capital to accelerate the development of its current prototype and as working capital.
Founded in 2006 by two University of Nebraska professors, mechanical engineer Shane Farritor and surgeon Dmitry Oleynikov, Virtual Incision is developing an in vivo (inside the body) robotic surgical device. The patented robot performs minimally invasive, single incision abdominal surgery using a single incision with no specialized infrastructure. The initial application of the technology will be colon resection procedures.