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Home » Insightec raises $136M for incisionless surgery tech

Insightec raises $136M for incisionless surgery tech

April 7, 2021 By Chris Newmarker

Insightec updated logoInsightec raised more than $136 million in a recent funding round, according to a Form D that the incisionless surgery tech company filed today with the SEC.

The Tirat Carmel, Israel–based company — whose technology uses MR-guided focused ultrasound to perform surgeries — had sought a total of $150 million in the money-raise. The company said 16 investors participated in the offering.

The Form D filing comes only months after Royal Philips (NYSE:PHG) announced a collaboration with Insightec to expand access to MR-guided focused ultrasound. Amsterdam-based Philips plans to develop compatibility between its advanced MR system and Insightec’s Exablate Neuro platform to expand access to MR-guided focused ultrasound for incision-less neurosurgery in treating essential tremor and other neurological disorders.

Koch Disruptive Technologies has been among the leading investors in Insightec.

 

Filed Under: Business/Financial News, Featured, Funding Roundup, Surgical, Ultrasound Tagged With: INSIGHTEC

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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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