Restoration Robotics has received European approval for its ARTAS iX robotic hair restoration system, which now includes the capability of implanting hairs.
Robotics investments recap: March 2019
Investments in robots, autonomous vehicles, and related systems totaled at least $1.3 billion in March 2019, down from $4.3 billion in February. On the other hand, automation companies reported $7.8 billion in mergers and acquisitions last month. While that may represent a slowdown, note that many businesses did not specify the amounts involved in their…
Restoration Robotics merging with Venus Concept
Restoration Robotics, maker of the ARTAS and ARTAS ix robotic hair restoration systems, and Venus Concept, a privately-held global aesthetic technology company, have entered into a definitive merger agreement to combine the two companies in an all-stock transaction. The merger, which is subject to customary closing conditions, is expected to close in the third quarter…
Robotic hair transplant dev Restoration Robotics raises $25m in IPO
Robotic hair restoration company Restoration Robotics raised $25 million in an initial public offering and saw its shares rise nearly 40% after its debut, according to a Silicone Valley Business Journal report. The 91-person company, co-founded by surgical robotics pioneer Fred Moll, sold 3.6 million shares at $7 each, then proceeded to open at $8.55…
Restoration Robotics sets range for $25m IPO
Restoration Robotics filed for an initial public offering that would raise $25 million at the median to fund the development of its ARTAS System, robot-assisted hair restoration system. The medical technology company plans to sell more than 3.1 million shares at a range of $7 to $9 a piece; at the high end of the…