Tech Company Financing Transactions
ClearCam Funding Round
ClearCam closed a $4 million Seed financing round on 5/17/2023. Investors included private investors and University of Texas.
Transaction Overview
Company Name
Announced On
5/17/2023
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Investors
private investors (Lead Investor) (Hal Jones)
Proceeds Purpose
The company intends to use the funds to expand their sales and business development initiatives, and invest in robotic surgery.
Company Information
Company Status
Private & Independent
Industry
Medical Devices & Instruments
Mailing Address
8000 Centre Park Dr 170
Austin, TX 78754
USA
Austin, TX 78754
USA
Phone
Undisclosed
Website
Email Address
Overview
In 2016 Dr. John Uecker, a General Surgeon at Dell Seton Medical Center at the University of Texas, approached Dr. Chris Rylander, a professor at the University of Texas at Austin Cockrell School of Engineering, with a problem that he felt had no effective solution. Dr. Uecker performed about 350 laparoscopic surgeries a year and was incredibly frustrated by having to constantly clean the laparoscopic camera. During the course of a laparoscopic procedure he would have to repeatedly break concentration, remove the camera from the patient's body, clean the camera, and then re-insert the scope into the patient and find his position to resume the surgery. Dr. Uecker believed that longer surgeries, greater patient risk, higher cost, and surgical frustration had to have a solution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Uecker
Chief Operating Officer
Douglas Stoakley
Chief Technical Officer
Christopher Idelson
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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