Confidential – Technology/3D Navigation System for Surgery

Industry

Healthcare/Technology

Company Type

Medical Devices Diagnostics/BioTech/Life Sciences/BioMetrics

Location

Israel

Size

$21 Million

Investment Type

Equity
Helping Great Companies Grow

Overview

Seeking $21 million of equity for regulatory submissions and commercialization of its fully developed and operational technology for 3D robotics and navigation system for real-time anatomical tracking and high precision orthopedic surgeries.

  • Innovative, accurate and safe – fully operational 3D robotics and navigation system
    • solves many spinal surgery problems
    • opening a new market – enabling the first use into navigated cervical spinal fusion surgery
    • planned future expansion into other medical procedures
    • received large government grant
  • Allows the surgeon to navigate more precisely within the patient’s vertebrae by combining a pre-surgical CT scan with the images obtained from its proprietary 3D camera installed in the surgery suite – while operating and without any exposure to  x-ray radiation
  • Go-To-Market Timeline
    • clinical testing underway
    • successful cadaver lab results
    • 4Q21 – expected FDA clearance 510k
    • 1Q22 – first sales in U.S.
  • Large addressable surgical market – initially focused on global spine surgeries requiring high accuracy such as pediatric, scoliosis and cervical – then growing to general orthopedics
  • Management team has world-class expertise in advanced robotics, optics and medical devices
Helping Great Companies Grow
Learn More About This Transaction

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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