Elbit Imaging Ltd (EMITF): Insightec raises $136M for incisionless...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	145
Posts	27550
Boards Moderated	3
Alias Born	02/07/2004

midastouch017

Re: midastouch017 post# 1806

Thursday, 04/08/2021 7:54:45 AM

Thursday, April 08, 2021 7:54:45 AM

Insightec raises $136M for incisionless surgery tech

https://www.massdevice.com/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.