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Home » Activ Surgical raises $13m

Activ Surgical raises $13m

July 5, 2019 By Chris Newmarker

Activ SurgicalActiv Surgical has raised nearly $13 million as the company continues development of its Smart Tissue Autonomous Robot (STAR).

The Boston-based company has been seeking nearly $19 million in the money-raise, according to a Form D filed with the U.S. Securities and Exchange Commission on July 1.

Founded in 2017, Activ’s initial technology is STAR. Developed out of Children’s National Medical Center in Washington, D.C., the robot uses near-infrared fluorescent (NIRF) markers to provide a biocompatible, near-infrared 3D tracking system. The result, according to the robot’s developers, is accurate 3D tracking of tissue and surgical tools — an improvement over standard optical tracking technology.

Activ Surgical describes its overall goal as the “integration of advanced computer vision, artificial intelligence and robotics designed to seamlessly fit within operating room workflow while providing advanced imaging and diagnostic accuracy during surgery.” Robots could autonomously engage in soft tissue surgery under the supervision of a surgeon.

Activ Surgical announced in March that it had tapped Todd Usen, the former president of Olympus Medical Systems, as its first CEO.

Filed Under: Business/Financial News, Imaging, News Well, Surgical, Surgical Robotics Tagged With: Activ Surgical

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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