Saudi VC Invests in Chinese Medical Robot Startup
- Date: 14-Jul-2021
- Source: Al Bawaba
- Sector:Technology
- Country:Saudi Arabia
Saudi VC Invests in Chinese Medical Robot Startup
Prosperity7 Ventures, the venture capital arm of Saudi Aramco, has invested in Chinese medical rehabilitation robot firm Fourier Intelligence as part of the startup’s Series C+ funding round.
“All proceeds will go towards global market expansion and technological development, furthering the company’s mission to provide intelligent rehabilitation technologies to empower clinicians and neurological patients,” the Chinese company said in a Linkedin post.
As part of the investment, Prosperity7 Ventures will back the expansion of Fourier’s smart rehabilitation robotics into the Saudi market.
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