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iotaMotion Grows Install Base to 25 Centers and Secures Series B Funding to Accelerate Expansion in 2025

iotaMotion Grows Install Base to 25 Centers and Secures Series B Funding to Accelerate Expansion in 2025

February 7, 2025 Craig Etkin

ST. PAUL, Minn., Jan. 28, 2025 /PRNewswire/ — iotaMotion, Inc., a leader in developing advanced robotic-assisted systems for cochlear implant surgery, announced a major milestone in its mission to advance cochlear implant surgery beyond human capability. Following the first full year of commercialization, there are 25 centers across the United States now offering the iotaSOFT® Insertion System.

As the first and only robotic-assisted system available in the United States for cochlear implantation, iotaMotion is developing a market for the technology among surgeons and patients. Validated by a rapid utilization increase and expanding center access, including ten neurotology fellowship programs offering the technology, there is a clear need for the iotaSOFT Insertion System.

The advanced technology is designed to provide a controlled electrode array insertion during cochlear implant procedures, resulting in less trauma to the cochlea when compared to manual insertions.

“We are incredibly proud of the impact the iotaSOFT Insertion System has had on the cochlear implant market,” said Mike Lobinsky, President & CEO of iotaMotion. “Creating a market for robotic assistance and then subsequently generating demand for the technology has resulted in some of our centers demonstrating a 20% increase year over year cochlear implant program growth compared to the market average of 7%.”

Looking forward to 2025, iotaMotion is well-positioned to continue the momentum of commercial expansion. With Series B funding secured, iotaMotion will use the growth capital to scale commercial operations while driving further innovations in the field of cochlear implantation. The Series B raise also came with an expansion of our Board of Directors with the welcome addition of Jeff Hopkins. Hopkins, a seasoned leader with 30 years of experience in medical technology, has a proven track record of driving strategic growth and creating value for patients and healthcare providers. Notably, he led JNJ’s Acclarent ENT business through a successful turnaround and expansion into the otology and cranial navigation guidance markets.

“I am excited to take an active role on the board of iotaMotion as they disrupt the cochlear implant industry,” said Hopkins. “The technology is impactful for patients with advanced hearing loss and will broaden adoption of neurotology treatments.”

“The completion of our Series B round and addition of Jeff Hopkins to our board, coming on the heels of an exceptional first full year of commercialization, underscores the market’s confidence in our technology,” said Lobinsky. “2025 will be a year marked by rapid commercial growth and continued success in building a robotic-assisted market for cochlear implantation.”

About iotaMotion

iotaMotion, Inc. is a medical technology company based in St. Paul, MN, dedicated to advancing the outcomes of cochlear implantation through innovative, robotic-assisted solutions. The company’s flagship product, the iotaSOFT® Insertion System, offers a groundbreaking approach to cochlear implant surgery by providing enhanced control beyond the capability of a human hand during electrode array insertion. iotaMotion aims to provide hearing professionals with tools to improve patient outcomes and preserve intracochlear structures.

For more information, visit www.iotamotion.com or contact Wade Colburn, Vice President of Marketing and Clinical at pr@iotamotion.com.

SOURCE iotaMotion, Inc.

Copyright © 2025 Cision US Inc.


Venture Capital
Cision, iotaMotion, Minnesota, PRNewswire, St. Paul, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

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Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

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TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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