InSightec Closes $59M Series D Financing
Summary
InSightec, a Dallas TX-based developer of a non-invasive therapy platform, closed a $59M Series D financing.The round was led by major institutional investors in the United States and Asia.The company announced the option for existing shareholders to invest additional equity of $3.5 million through January 30, 2015.Led by Dr. Kobi Vortman, CEO, and newly appointed Executive Chairman Dr. Maurice R. Ferré, a seasoned medical device executive, InSightec is a world leader in MR-guided Focused Ultrasound (MRgFUS).The company, founded in 1999, has developed a completely non-invasive therapy platform adopted by world recognized physicians in more than 120 leading medical facilities around the world.
Funding
Amount
$59.0M
Total raised
Date
December 15, 2014
Announcement date
Investors
York Capital Management
Lead investors
Company
http://www.insightec.com
Funded company
Classifications
industries
EduTech - institutions
applications
ERP & Process Management
AskAI Classifications
Labels
Medical Software
Healthcare Technology
SaaS Medical Devices
Linked Companies
Insightec
$1M to $5M