Following the completion of series A round financing, with the acceleration of the research and development and commercialization of endoscopy product, Scivita Medical Technology Co., Ltd. ("Scivita Medical") announced today that it has received nearly RMB0.4 Billion in Series B financing, with new investors such as Hudson Bay Capital Management and Prime Capital, as well as continuous support from existing shareholders such as GL Ventures, Lilly Asia Ventures and Matrix Partners China. This round of financing will continue to be used for research and development, capacity expansion, and domestic and international commercialization of innovative products in endoscopy and related fields.Since its inception, Scivita Medical has taken globalization as an important strategy and has set up R&D centers in Suzhou, China and Tokyo, Japan to promote simultaneous global R&D, patent application, registration and commercialization of its products, and strives to building a global leading platform for innovative products in endoscopy and related fields. The successful completion of this round of financing fully reflects the recognition of the new investors and the existing shareholders for the future development potential and the expectation of the sustainable development of Scivita Medical.
Driven by factors such as the promotion of graded treatment, the development of minimally invasive surgery and the aging population, the market demand and configuration rate of endoscopes are rising rapidly. Scivita Medical has a comprehensive product line covering both rigid and flexible endoscopes, reusable endoscopes, single-use endoscopes, white light endoscopes, fluorescent endoscopes, etc. Currently, Scivita Medical's commercialized products include3D Visualization System, 4K UHD Camera System, 4K-3D Camera System, 4K Sinoscope, 4K Arthroscope, Single-use Hystero Videoscope, Single-use Urology Videoscope, Single-use Broncho Videoscope, etc. In the future, Scivita Medical will continue to launch new products while promoting the simultaneous certification of related products in China, the United States, Japan, Europe and other countries and regions, and continue to promote the products to the global market.
Scivita Medical's innovation has been ahead of the market with industry leading position, which reflects Scivita Medical's R&D strength and confidence. Scivita Medical has global cutting-edge technologies, including ultra-high-definition visualization technology (such as 4K UHD visualization), 3D visualization technology(including monocular 3D and binocular 3D), single-use technology, special light visualization technology (such as fluorescence visualization), and ultra-fine endoscopic technology. In the future, Scivita Medical will also integrate the existing technologies to form a diversified product matrix such as 4K fluorescence and 3D fluorescence.
Scivita Medical aims at solving clinical pain points through technological innovation and developing high quality products that suit the needs of clinicians. For example, in the development process of4K UHD visualization, through cooperation between medical staff and the industry, Scivita Medical learned the pain points in laparoscopy such as "endoscope fogging" or "smoke interference", and successfully developed the lens tip heating feature, effectively avoiding fogging caused by temperature differences.
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