Leading Investment Firms Support Commercialization of the ARTAS® System
Mountain View, CA – August 3, 2011 – Restoration Robotics, Inc. a
privately‐held medical device company, today announced that it has raised
$41 million in a Series C financing. Clarus Ventures led the financing and
was joined by current venture capital investors Sutter Hill Ventures, Alloy
Ventures and Interwest Partners. "We are delighted to have the financial
and strategic support of these top investment firms," said Jim McCollum,
President and Chief Executive Officer of Restoration Robotics. "The ARTAS
System has the potential to transform the global hair restoration market
and we will now focus on the commercialization and U.S. market launch of
the technology," concluded McCollum.
The ARTAS System is a physician‐controlled, state‐of‐the‐art, interactive,
computer‐assisted technology that enables harvesting of hair follicles
during hair restoration procedures. It combines many advanced features
including an image‐guided robotic arm, special imaging technologies, small
dissection punches, and a computer interface. The ARTAS System is capable
of identifying and harvesting individual follicular units to implement the
follicular unit extraction (FUE) technique for the benefits of physicians
"This financing enables us to bring our advanced technology to the
marketplace, continue its innovation, and fully support our customers."
said Mohan Bodduluri, Ph. D, Co‐Founder and Vice President of Research and
Hair Loss By The Numbers
According to the International Society of Hair Restoration Surgery
(ISHRS)1, at least 35 million men in the United States are affected by male
pattern baldness or androgenetic alopecia. By age 50, approximately 50% of
men will experience some degree of appreciable hair loss.
Restoration Robotics Receives $41 Million in Financing August 3,
2011Approximately one in four men suffer from male pattern baldness (MPB),
which has psychological, professional and social consequences for these
patients, such as:
68% of men feel helpless about their hair loss
73% of balding men feel they are less attractive than they were when they
77% of balding men would feel very or somewhat concerned if they were in
their 20s, just starting their career and experiencing hair loss3
While prescription remedies, such as Propecia® and Rogaine®, offer some
benefits to existing hair, hair restoration moves healthy, functioning
follicles to the areas of the patient's scalp most impacted by baldness for
more dramatic results. Hair restoration is the only permanent solution for
hair loss and can result in a natural, undetectable outcome.
The ARTAS System received 510K clearance from the Food & Drug
Administration in April 2011.
About Restoration Robotics
Restoration Robotics, Inc., a privately held medical device company, is
dedicated to revolutionizing the field of hair transplantation by
developing and commercializing its state‐of‐the‐art image‐guided ARTAS
System. This interactive, computer assisted system uses an image‐guided
robotic arm to enhance the quality of hair follicle harvesting for the
benefit of physicians and their patients. To learn more about Restoration
Robotics and its unique technology, visit
. To learn more about hair loss and restoration, please visit the
International Society of Hair Restoration Surgeons (ISHRS) at www.ishrs.org.
Audra B. Friis
Pascale Communications, LLC
1International Society of Hair Restoration Surgeons (ISHRS) website. http://www.ishrs.org/hair
‐loss/hair‐loss‐male.htm. Accessed April 11, 2011.
2Journal of the American Academy of Dermatology
3ISHRS 2006 Consumer Hair Loss Survey