With launch of its new robotic-assisted spine surgery system, Mazor Robotics is on track to receive a second tranche of investment from Medtronic. All told, the tie-up could exceed $50 million, with Medtronic owning about 15% of Mazor if all tranches are executed.

The Mazor system is designed to go beyond trajectory guidance and incorporate analytical tools, multisource data, optical tracking, intra-op verification and connectivity technologies.