Pembroke VCT, a venture capital trust focused on backing early-stage businesses with exceptional founders and management teams, has made an initial investment of GBP3 million in Cydar Medical (Cydar), a surgical augmented intelligence company using software to revolutionise every stage of image-guided minimally invasive surgery.
Cydar was launched in 2012 by founders Tom Carell, a vascular surgeon and Graeme Penney, an imaging scientist, having both recognised the difficulty surgeons experience when performing image guided procedures and the resulting inconsistency of patient care. They combined their expertise to develop Cydar Intelligent Maps, with the aim of advancing surgical care and in theatre visualisation and decision-making via one intuitive cloud-based platform.
The first product from Cydar’s Intelligent Maps system, Cydar EV Maps, aids in planning, guiding and review of endovascular surgery using the latest in cloud computing, computer vision and machine learning technology.
Pembroke’s cornerstone investment will contribute toward significant hires across the Operations, Science, Research and Development, Commercial and Marketing teams to support business growth. The investment will also be used toward installation costs and support customer service, as the software is adopted across further sites globally and will support development of further products from the platform.
