Founded in 2014, Vicarious Surgical is developing a disruptive technology with the intent of expanding the access of robotic minimally invasive surgery while reducing the cost to treat surgical patients. With an impressive 28 sensors per arm, the robot is designed to replicate a surgeon's natural upper body movements, from shoulders to elbows to wrists. The company has received FDA Breakthrough Device Designation but remains pre-commercial.
The company is expected to run out of cash by early FY26 unless there are significant reductions in cash burn or new financing is secured, with only $13.4M in cash and anticipated cash burn of $50M for FY25. Development timelines have been extended, with 'design freeze' now targeted for the end of FY26 instead of mid-FY26. While the technology is innovative, the company faces serious liquidity challenges and developmental delays.
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