Cobionix, a Kitchener-Waterloo robotics firm, has raised $3 million USD in strategic equity funding to bring its collaborative medical robot, CODI, to market. Led by TitletownTech—with backing from Microsoft and the Green Bay Packers—the round also included Lions Investment, Dr. Paul McBeth, and returning investors.
CODI enables remote ultrasound procedures and will launch hospital pilots in Canada, the U.S., and the U.K. this August. Cobionix also plans to expand CODI’s role to hospital logistics. Founded in 2021, the startup taps top Canadian engineering talent and aims for a U.S. rollout by 2026.
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