Children's Hospital spinoff
Upstream assists Children's National Medical Center in Robotic Surgery venture
Upstream Partners helped negotiate a license and structure a transaction that provided Omniboros, Inc. a robotic surgery company spun out of Children's National Health System. Omniboros raised $1.5 million in funding from Great Point Ventures, a SIlicaon Valley-based venture capital firm. with a license to a large patent portfolio and additional know-how.
The technology in known as the Smart Tissue Autonomous Robot, or STAR, has demonstrated the ability to conduct autonomous soft tissue surgery with a robotic device. The device has been shown to able to suture live pigs and inanimate pig tissue with more precision than a human hand. Omniboros, based in Washington, DC., will be continuing in vivo testing throughout 2017 and 2018.
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