Medical Microinstruments (MMI), based in Pisa, Italy with North American headquarters in Jacksonville, has raised $110 million in a funding round led by Fidelity Management & Research Co. This latest investment brings MMI’s total funding to approximately $220 million since its founding in 2015.
The funds will support the commercialization of MMI’s robotic microsurgery system, which enables surgeons to replicate the precise movements of the human hand on a micro scale. Previously, MMI raised $24 million initially and another $87 million in 2022.
The company is expanding its Jacksonville facilities, with recent city permits issued for significant renovations at its Gate Parkway location.
“Our Symani Surgical System is uniquely positioned to expand patient access to care by accelerating the number of surgeons able to perform complex, delicate procedures,” said CEO Mark Toland in a news release. “With the support of our investors, we will continue to advance our technology through a growing body of clinical evidence and expanded hospital partnerships.”
