Surgical robotics company signs lease to shift HQ to San Jose


Robotics company will move headquarters out of Redwood City

SAN JOSE — A surgical robotics company that’s fashioned cutting-edge treatments has signed a lease for a big chunk of office space in north San Jose for its future headquarters.

PROCEPT BioRobotics has leased multiple buildings in north San Jose on Baytech Drive, according to a filing with the Securities and Exchange Commission.

Through the leasing deal, the surgical robotics firm will exit its current offices in Redwood City and move its headquarters to the north San Jose site, the regulatory filing with the SEC stated.

PROCEPT BioRobotics agreed to lease about 158,200 square feet of office space at 150 and 180 Baytech Drive, according to the SEC documents.

Through a September 2020 initial public offering, PROCEPT BioRobotics raised $164 million. The robotics company priced its shares for the IPO at $25 each, which was above the initial pricing range of $22 to $24 a share. READ MORE.